It looks like a very heavy term but basically it refers to the money which is raised by the government to supports their budget estimate for a particular financial year.
Example— For session 2010-2011 government is going for a moderate hike in GBS by 15%, and it put them in a big dilemma, because government has made so many promises to fund schemes for common man etc. Already inflation is somewhat not in favor of our government and the same figure seems to linger upon us in future, if there is more spending by the government. So here comes the real need to play the game carefully so that there should not be any economic instability.
GBS stats are generally presented by finance minister in union budget.
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