Union Budget 2013-2014. Highlights of Union Budget 2013-14 Presented by P. Chidambaram at Parliament on February 28, 2013.
Highlights of Union Budget 2013-14:
Followings are the key highlights of Union Budget presented by Union Finance Minister at Parliament.
- Fiscal deficit seen at 5.2% of GDP in 2012-13 financial year.
- Fiscal deficit seen at 4.8 pct of GDP in 2013-14 financial year.
- Gross market borrowing seen at Rs 6.29 trillion in 2013-14 financial year.
- Net market borrowing seen at Rs 4.84 trillion in 2013-14 financial year.
- Short-term borrowing seen at Rs 198.44 trillion in 2013-14 financial year.
- To buy back Rs 50000 crore worth of bonds in 2013-14 financial year.
- Total budget expenditure seen at Rs 16.65 trillion in 2013-14 financial year.
- Non-plan expenditure estimated at about Rs 11.1 trillion in 2013-14 financial year.
- India’s 2013-14 plan expenditure seen at Rs 5.55 trln trillion
- Revised estimate for total expenditure is Rs 14.3 trillion in 2012-13 financial year, which is 96 pct of budget estimate
- In 2013-14 financial year major subsidies bill estimated at Rs 2.48 trln from Rs 1.82 trillion
- Petroleum subsidy seen at Rs 65000 crore in 2013-14 financial year.
- Revised petroleum subsidy for 2012-13 financial year at Rs 96,880 crore.
- Estimated 900 bln rupees spending on food subsidies in 2013-14 financial year.
- Revised food subsidies at 850 bln rupees in 2012-13 financial year.
- Revised 2012-13 fertiliser subsidy at 659.7 bln rupees.
- Rs 41000 crore for Scheduled Caste and Rs 28500 crore for tribal welfare.
- Over Rs 37000 crore to health
- Rs 4727 crore for medical research
- Rs 33000 crore for MNREGA
- Rs 1000 crore to support increased rice production in Eastern Indian states.
- Rs 10000 crore more set apart for National Food Security Bill (if passed)
- Rs 25000 crore to be raised from four infrastructure bonds
- Rs. 80, 194 crore allocated for rural development: To create jobs for youth, raise incomes; safe environment
- To allocate `41,536 cr to SC & ST plans
- To allocate more than`25,000 cr to tribal welfare
- Raises allocation for minorities, women, child welfare plans
- To expand medicare facilities to women, differently abled
- To increase allocation for Health, Family welfare Ministry
- To provide more than `4200 cr for medical studies.