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Budget 2013 – Social Sector Expenditure to increase by 6%

The Government may announce a 6% hike in the total Social sector and Developmental expenses in the upcoming Union Budget. Although Finance Ministry was a bit reluctant over the increase as due to the fiscal pressure, the planning Commission oversees the spending plan favoring to a reasonable increase.

Social sector expenditure - budget 2013

Social sector expenditure – budget 2013

With the 6% hike, the Social and Developmental sector spending will amount to around Rs. 5.52 lakh crore. The plan spending will be spent and allocated on a number of large Government social intervention schemes including Mahatma Gandhi National Rural Employment guarantee Act, Pradhan Mantri Gram Sadak Yojana and National Rural Health Mission.

This increase in the allocation of developmental spending implies that expenditure in other ministries will either remain the same or may increase to a small extent.

In the previous financial year 2012-2013, the government increased the social and developmental expenditure plan by 18% to Rs. 5.21 lakh crore from Rs. 4.41 Lakh crore in 2010-2011.

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