Budget breakdown: Union Finance Minister Nirmala Sithaman addresses the press convention after presenting the Union Interim Budget 2024 at Parliament, at the National Media Centre, in New Delhi on Thursday.
| Photo Credit: ANI
A sector-wise cut up of the budgeted expenditure in FY25 exhibits that of the 26 sectors for which knowledge was analysed, allocation as a share of the complete Budget declined in 15 of them whereas it elevated in the remainder of the 11 sectors, compared with FY24’s revised estimates.
The graphic exhibits the sector-wise budgeted expenditure (₹ crore) in FY25. The larger the rectangle, the greater the proposed spending in FY25. It additionally exhibits the change in a sector’s share in complete expenditure from FY24 (revised estimates). The deeper the blue, the greater the improve in share from FY24. The deeper the crimson, the greater the lower in share from FY24.
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- As normal, curiosity funds cornered a lion’s share of the complete Budget this yr too. In absolute figures, ₹11,90,440 crore had been allotted for curiosity funds. If expressed as a share of FY25’s complete Budget it involves 24.98%, which is 1.48 proportion factors greater than its share in FY24 (23.5%).
- Transport and Defence sectors featured second and third on the listing in phrases of absolute allocations. But contributions to these sectors declined when expressed as a share of the complete Budget. Defence sector’s allocation shaped 9.54% of FY25’s complete Budget, a 0.61 proportion level lower from its share in FY24 (10.15%). The Transport sector’s allocation shaped 11.42% of FY25’s complete Budget, a 0.27 proportion level lower from its share in FY24 (11.69%).
- Rural growth, IT and Telecom, Health, Energy, Education, Social Welfare, Scientific departments, Health, Urban Development and Planning and Statistics are sectors which recorded marginal will increase as a share of the complete Budget.
- The Budget allotted to the fertiliser subsidy recorded the greatest drop. It shaped 3.44% of the complete Budget in FY25, a 0.77 proportion factors drop from the 4.21% of the complete Budget in FY24.
- The Budget allotted to meals additionally recorded a substantial lower. It shaped 4.31% of the complete Budget in FY25, a 0.42 proportion level drop from the 4.31% of the complete Budget in FY24.
Also learn: Budget 2024 updates | Have introduced down fiscal deficit regardless of challenges: Sitharaman