Union Budget 2013-2014: Highlights of Union Budget

Union Budget 2013-2014. Highlights of Union Budget 2013-14 Presented by P. Chidambaram at Parliament on February 28, 2013.

union-budget-of-india-2013-14Union Finance Minister P. Chidambaram on February 28, 2013 unveiled the Union Budget for 2013-14 financial year, The budget is aimed at reviving growth amid the country’s worst slowdown in a decade.

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.

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