Public Finance
Union Budget in social sector
▪ The share of the Union Budget allocated for the social sector has declined rapidly in recent years
▪ Allocations for MGNREGS, national social assistance schemes, and PM-Poshan have seen steepcuts.
▪ Except Ayushman Bharat-PMJAY & PMAY-Rural and PM SHRI which shows either increasing trend or stagnation.
▪ Sectors that shows decline trends – Health Expenditure, Rural Development, Higher Education, School Education, Social Welfare Schemes..
▪ The Budget is crucial for addressing climate change and meeting India’s Net-Zero target by 2030
