Govt proposes to raise plan expenditure by 18 pc

Plan expenditure is government spending on social sector schemes

PTI | March 16, 2012



The government on Friday proposed to increase the Plan expenditure for 2012-13 to Rs 5,21,025 crore, up around 18 per cent from the Budget estimates for the current fiscal.

However, the jump in the Plan expenditure for 2012-13 is 22.13 per cent when compared with the revised estimates of the same for current fiscal at Rs 4,26,604 crore.

The Budget 2011-12 estimated such expenditure at Rs 4,41,547 crore.

The Plan expenditure is the government spending on social sector schemes such as Bharat Nirman, rural employment guarantee and National Rural Health Mission. Besides, it includes Centre's assistance to various states and Union Territories Plans.

Presenting the Budget 2012-13 in the Lok Sabha, Finance Minister Pranab Mukherjee said, "The Plan expenditure for 2012-13 is Rs 5,21,025 crore, which is 18 per cent higher than budget estimates of 2011-12. This is higher than 15 per cent increase projected in the Approach to 12th Plan (2012-7)."

Expressing satisfaction over the Plan spending in 11th Five Year Plan (2007-12), Mukerhjee said, "I am happy to inform the members that in Eleventh Plan, we have been able to meet 99 per cent of the total outlay."

The non-Plan Expenditure for 2012-13 is budgeted at Rs 9,69,900 crore, which is 8.7 per cent higher than the revised estimates. It is 18.88 per cent higher than the budget estimates for the current fiscal.

Comments

 

Other News

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter