Union Budget And Other Economic Policies

Union Budget And Other Economic Policies

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If one goes by the expenditure of major items, then according to the Union Interim Budget 2019-20 (please click here to access):

• Expenditure on Pension was increased from Rs. 1,66,618 crore in 2018-19 (R.E.) to Rs. 1,74,300 crore in 2019-20 (B.E.)

• Expenditure on Fertilizer Subsidy was increased from Rs. 70,075 crore in 2018-19 (R.E.) to Rs. 74,986 crore in 2019-20 (B.E.). Budgetary allocation on Fertilizer Subsidy was Rs. 70,080 crore in 2018-19 (B.E.)

• Expenditure on Food Subsidy was raised from Rs. 1,71,298 crore in 2018-19 (R.E.) to Rs. 1,84,220 crore in 2019-20 (B.E.). Budgetary allocation on Food Subsidy was Rs. 1,69,323 crore in 2018-19 (B.E.)

• Budgetary allocation on Food Subsidy as a proportion of total budgetary expenditure was 6.9 percent in 2018-19 (B.E.), which reduced slightly to 6.6 percent in 2019-20 (B.E.)

• Expenditure on Agriculture and Allied Activities was increased from Rs. 86,602 crore in 2018-19 (R.E.) to Rs. 1,49,981 crore in 2019-20 (B.E.). Budgetary allocation on Agriculture and Allied Activities was Rs. 63,836 crore in 2018-19 (B.E.)

• Budgetary allocation on Agriculture and Allied Activities as a proportion of total budgetary expenditure was 2.6 percent in 2018-19 (B.E.), which increased to 5.4 percent in 2019-20 (B.E.)

• Expenditure on Rural Development was increased from Rs. 1,35,109 crore in 2018-19 (R.E.) to Rs. 1,38,962 crore in 2019-20 (B.E.). Budgetary allocation on Rural Development was Rs. 1,38,097 crore in 2018-19 (B.E.)

• Budgetary allocation on Rural Development as a proportion of total budgetary expenditure was 5.7 percent in 2018-19 (B.E.), which reduced to 5.0 percent in 2019-20 (B.E.)

• Expenditure on Health was increased from Rs. 55,949 crore in 2018-19 (R.E.) to Rs. 63,538 crore in 2019-20 (B.E.). Budgetary allocation on Health was Rs. 54,667 crore in 2018-19 (B.E.)

• Budgetary allocation on Health as a proportion of total budgetary expenditure was 2.2 percent in 2018-19 (B.E.), which grew marginally to 2.3 percent in 2019-20 (B.E.)

• Expenditure on Education was increased from Rs. 83,626 crore in 2018-19 (R.E.) to Rs. 93,848 crore in 2019-20 (B.E.). Budgetary allocation on Education was Rs. 85,010 crore in 2018-19 (B.E.)

• Budgetary allocation on Education as a proportion of total budgetary expenditure was 3.5 percent in 2018-19 (B.E.), which reduced marginally to 3.4 percent in 2019-20 (B.E.)
 
• Expenditure on Social Welfare was increased from Rs. 46,492 crore in 2018-19 (R.E.) to Rs. 49,337 crore in 2019-20 (B.E.)
 
Please click here to access Union Interim Budget Speech 2019-20, which was delivered by Shri Piyush Goyal, on 1st February, 2019
 

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Allocations for various schemes under the Union Interim Budget 2019-20 (please click here to access):

(A) Core of the Core Schemes

• National Social Assistance Progamme-NSAP (that includes old age pension, widow pension, pension for disabled, National Family Benefit Scheme & Annapurna) - Rs. 9,975 crore in 2018-19 (Budget Estimate) and Rs. 9,200 crore in 2019-20 (B.E.); Rs. 8,900 crore in 2018-19 (Revised Estimate)

• Mahatma Gandhi National Rural Employment Guarantee Programme - Rs. 55,000 crore in 2018-19 (B.E.) and Rs. 60,000 crore in 2019-20 (B.E.); Rs. 61,084 crore in 2018-19 (R.E.)

• Umbrella Scheme for Development of Schedule Castes - Rs. 5,183 crore in 2018-19 (B.E.) and Rs. 5,395 crore in 2019-20 (B.E.); Rs. 7,609 crore in 2018-19 (R.E.)

• Umbrella Programme for Development of Scheduled Tribes - Rs. 3,806 crore in 2018-19 (B.E.) and Rs. 3,810 crore in 2019-20 (B.E.); Rs. 3,778 crore in 2018-19 (R.E.)

• Umbrella Programme for Development of Minorities - Rs. 1,440 crore in 2018-19 (B.E.) and Rs. 1,551 crore in 2019-20 (B.E.); Rs. 1,440 crore in 2018-19 (R.E.)

• Umbrella Programme for Development of  Other Vulnerable Groups - Rs. 2,287 crore in 2018-19 (B.E.) and Rs. 1,227 crore in 2019-20 (B.E.); Rs. 1,550 crore in 2018-19 (R.E.)

(B) Core Schemes

• Green Revolution - Rs. 13,909 crore in 2018-19 (B.E.) and Rs. 12,612 crore in 2019-20 (B.E.); Rs. 11,802 crore in 2018-19 (R.E.)

• White Revolution - Rs. 2,220 crore in 2018-19 (B.E.) and Rs. 2,140 crore in 2019-20 (B.E.); Rs. 2,431 crore in 2018-19 (R.E.)

• Blue Revolution - Rs. 643 crore in 2018-19 (B.E.) and Rs. 560 crore in 2019-20 (B.E.); Rs. 501 crore in 2018-19 (R.E.)

• Pradhan Mantri Krishi Sinchai Yojana - Rs. 9,429 crore in 2018-19 (B.E.) and Rs. 9,516 crore in 2019-20 (B.E.); Rs. 8,251 crore in 2018-19 (R.E.)

• Pradhan Mantri Gram Sadak Yojana - Rs. 19,000 crore in both 2018-19 (B.E.) and 2019-20 (B.E.); Rs. 15,500 crore in 2018-19 (R.E.)

• Pradhan Mantri Awas Yojana - Rs. 27,505 crore in 2018-19 (B.E.) and Rs. 25,853 crore in 2019-20 (B.E.); Rs. 26,405 crore in 2018-19 (R.E.)

• National Rural Drinking Water Mission - Rs. 7,000 crore in 2018-19 (B.E.) and Rs. 8,201 crore in 2019-20 (B.E.); Rs. 5,500 crore in 2018-19 (R.E.)

• Swachh Bharat Mission (SBM) - Rs. 17,843 crore in 2018-19 (B.E.) and Rs. 12,750 crore in 2019-20 (B.E.); Rs. 16,978 crore in 2018-19 (R.E.)

• National Health Mission (NHM) - Rs. 30,634 crore in 2018-19 (B.E.) and Rs. 32,251 crore in 2019-20 (B.E.); Rs. 31,187 crore in 2018-19 (R.E.)

• National Education Mission - Rs. 32,613 crore in 2018-19 (B.E.) and Rs. 38,572 crore in 2019-20 (B.E.); Rs. 32,334 crore in 2018-19 (R.E.)

• National Programme of Mid Day Meal in Schools - Rs. 10,500 crore in 2018-19 (B.E.) and Rs. 11,000 crore in 2019-20 (B.E.); Rs. 9,949 crore in 2018-19 (R.E.)

• Umbrella Integrated Child Development Services (ICDS) - Rs. 23,088 crore in 2018-19 (B.E.) and Rs. 27,584 crore in 2019-20 (B.E.); Rs. 23,357 crore in 2018-19 (R.E.)

• Mission for Protection and Empowerment for Women - Rs. 1,366 crore in 2018-19 (B.E.) and Rs. 1,330 crore in 2019-20 (B.E.); Rs. 1,156 crore in 2018-19 (R.E.)

• National Livelihood Mission - Ajeevika - Rs. 6,060 crore in 2018-19 (B.E.) and Rs. 9,524 crore in 2019-20 (B.E.); Rs. 6,294 crore in 2018-19 (R.E.)

• Jobs and Skill Development - Rs. 5,071 crore in 2018-19 (B.E.) and Rs. 7,511 crore in 2019-20 (B.E.); Rs. 6,830 crore in 2018-19 (R.E.)

• Environment, Forestry and Wildlife - Rs. 1,019 crore in 2018-19 (B.E.) and Rs. 1082 crore in 2019-20 (B.E.); Rs. 996 crore in 2018-19 (R.E.)

• Urban Rejuvenation Mission : AMRUT - Atal  Mission for Rejuvenation and Urban Transformation & Smart Cities Mission - Rs. 12,169 crore in 2018-19 (B.E.) and Rs. 13,900 crore in 2019-20 (B.E.); Rs. 12,569 crore in 2018-19 (R.E.)

• Modernisation of Police Forces - Rs. 3,157 crore in 2018-19 (B.E.) and Rs. 3,378 crore in 2019-20 (B.E.); Rs. 3,192 crore in 2018-19 (R.E.)

• Infrastructure Facilities for Judiciary - Rs. 630 crore in 2018-19 (B.E.) and Rs. 720 crore in 2019-20 (B.E.); Rs. 658 crore in 2018-19 (R.E.)

• Border Area Development Programme - Rs. 771 crore in 2018-19 (B.E.) and Rs. 825 crore in 2019-20 (B.E.); Rs. 771 crore in 2018-19 (R.E.)

• Shyama Prasad Mukherjee Rurban Mission - Rs. 1200 crore in 2018-19 (B.E.) and Rs. 800 crore in 2019-20 (B.E.); Rs. 451 crore in 2018-19 (R.E.)

• Rashtriya Gram Swaraj Abhiyan (RGSA) - Rs. 675 crore in 2018-19 (R.E.) and Rs. 831 crore in 2019-20 (B.E.)

• Rashtriya Swasthya Bima Yojana - Rs. 2,000 crore in 2018-19 (B.E.) and Rs. 6,556 crore in 2019-20 (B.E.); Rs. 2,700 crore in 2018-19 (R.E.)

Some Important Central Sector Schemes (please click here to access)

• Crop Insurance Scheme - Rs. 13,000 crore in 2018-19 (B.E.) and Rs. 14,000 crore in 2019-20 (B.E.); Rs. 12,976 crore in 2018-19 (R.E.)

• Interest subsidy for short term credit to farmers - Rs. 15,000 crore in 2018-19 (B.E.) and Rs. 18,000 crore in 2019-20 (B.E.); Rs. 14,987 crore in 2018-19 (R.E.)

• Market Intervention Scheme and Price Support Scheme (MIS-PSS) - Rs. 200 crore in 2018-19 (B.E.) and Rs. 3,000 crore in 2019-20 (B.E.); Rs. 2,000 crore in 2018-19 (R.E.)

• Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) - Rs. 1,400 crore in 2018-19 (R.E.) and Rs. 1,500 crore in 2019-20 (B.E.)

• Distribution of Pulses to State / Union Territories for Welfare Schemes - Rs. 550 crore in 2018-19 (R.E.) and Rs. 800 crore in 2019-20 (B.E.)

• Pradhan Mantri Kisan Samman Nidhi/ Income Support Scheme - Rs. 20,000 crore in 2018-19 (R.E.) and Rs. 75,000 crore in 2019-20 (B.E.)

• Urea Subsidy - Rs. 45,000 crore in 2018-19 (B.E.) and Rs. 50,164 crore in 2019-20 (B.E.); Rs. 44,995 crore in 2018-19 (R.E.)

• Nutrient Based Subsidy - Rs. 25,090 crore in 2018-19 (B.E.) and Rs. 24,832 crore in 2019-20 (B.E.); Rs. 25,090 crore in 2018-19 (R.E.)

• Direct Benefit Transfer - Rs. 16,478 crore in 2018-19 (B.E.) and Rs. 29,500 crore in 2019-20 (B.E.); Rs. 16,478 crore in 2018-19 (R.E.)

• LPG connection to poor households - Rs. 3,200 crore in 2018-19 (B.E.) and Rs. 2,724 crore in 2019-20 (B.E.); Rs. 3,200 crore in 2018-19 (R.E.)

• Price Stabilisation Fund - Rs. 1,500 crore in 2018-19 (B.E.) and Rs. 2,000 crore in 2019-20 (B.E.); Rs. 1,500 crore in 2018-19 (R.E.)

• Food Subsidy to Food Corporation of India (FCI) under National Food Security Act (NFSA) - Rs. 1,38,123 crore in 2018-19 (B.E.) and Rs. 1,51,000 crore in 2019-20 (B.E.); Rs. 1,40,098 crore in 2018-19 (R.E.)

• Food Subsidy for Decentralized Procurement of Foodgrains under NFSA - Rs. 31,000 crore in 2018-19 (B.E.) and Rs. 33,000 crore in 2019-20 (B.E.); Rs. 31,000 crore in 2018-19 (R.E.)

• Pradhan Mantri Swasthya Suraksha Yojana - Rs. 3,825 crore in 2018-19 (B.E.) and Rs. 4,000 crore in 2019-20 (B.E.); Rs. 3,825 crore in 2018-19 (R.E.)

• Family Welfare Schemes - Rs. 770 crore in 2018-19 (B.E.) and Rs. 700 crore in 2019-20 (B.E.); Rs. 519 crore in 2018-19 (R.E.)

• Police Infrastructure - Rs. 4,750 crore in 2018-19 (B.E.) and Rs. 5,117 crore in 2019-20 (B.E.); Rs. 4,836 crore in 2018-19 (R.E.)

• Bima Yojana for unorganised workers - Rs. 50 crore in 2018-19 (B.E.) and Rs. 524 crore in 2019-20 (B.E.)

• Prime Minister Employment Generation Programme (PMEGP) - Rs. 1,801 crore in 2018-19 (B.E.) and Rs. 2,327 crore in 2019-20 (B.E.); Rs. 2,119 crore in 2018-19 (R.E.)

• Deen Dayal Upadhyaya Gram Jyoti Yojna - Rs. 3,800 crore in 2018-19 (B.E.) and Rs. 4,066 crore in 2019-20 (B.E.); Rs. 3,800 crore in 2018-19 (R.E.)

• Amended Technology Upgradation Fund Scheme (ATUFS) - Rs. 2,300 crore in 2018-19 (B.E.) and Rs. 700 crore in 2019-20 (B.E.); Rs. 623 crore in 2018-19 (R.E.)

• Procurement of Cotton by Cotton Corporation under Price Support Scheme - Rs. 924 crore in 2018-19 (B.E.) and Rs. 2018 crore in 2019-20 (B.E.); Rs. 924 crore in 2018-19 (R.E.)
 

Rural Expert


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