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As per the Union Budget 2022-23, how many kilometers of National Highways network will be made in 2022-23?
The correct answer is 25,000 km. Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2022-23, on February 01, 2022, informed the Parliament that the National Highways network will be expanded by 25,000 km in 2022-23. Rs 20,000 crore will be mobilized through innovative ways of financing to complement the public resources. This will provide for efficient movement of goods through different modes, reducing logistics cost and time, assisting just-in-time inventory management, and eliminating tedious documentation. An open-source mobility stack, for organizing seamless travel of passengers will also be facilitated. ?Additional InformationBudget is the governments blueprint on expenditure, taxes it plans to levy, and other transactions which affect the economy and lives of citizens. According to Article 112 of the Indian Constitution, the Union Budget of a year is referred to as the Annual Financial Statement (AFS). The Budget Division of the Department of Economic Affairs in the Finance Ministry is the nodal body responsible for preparing the Budget. ?Components of the Budget:??? There are three major components expenditure, receipts, and deficit indicators. Depending on the manner in which they are defined, there can be many classifications and indicators of expenditure, receipts, and deficits.
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