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Union Finance Minister Nirmala Sitharaman presented the Budget 2023-2024 to Parliament February 1, 2023. Terming this as the “first budget of the Amrit Kaal”, she said, “Our focus on wide-ranging reforms and sound policies, implemented through Sabka Prayas resulting in Jan Bhagidari and targeted support to those in need, helped us perform well in trying times.”
Here is a low down on the budgetary allocation for key ministries and social sector schemes since 2021-2022:
After a dip in allocation in the last budget, that for the fiscal year (FY) 2024 saw an increase of Rs 34,000 crore.
After a dip in allocation in the last budget, that for FY 2024 saw an increase of over Rs 5,000 crore from last budget and just over Rs 1,000 crore over FY 2022 expenditure.
Budgetary allocation for this department has been coming down; the proposed budgetary allocation is over Rs 90,000 crore less than last one.
After a marginal dip in budgetary allocation last fiscal, the allocation for FY 2024 is nearly 50 per cent more than the last one.
Remaining near constant for last two fiscal years, the proposed budget increases allocation by around Rs 400 crore over last budget.
The proposed budget allocated 33 per cent more to this ministry over last one.
This department got Rs 10, 000 crore more than the last budget. However, last budgetary expenditure was less than FY 2022.
Allocation increased over the last fiscal