The key takeaways from the fourth Budget of the second Narendra Modi government tabled by Finance Minister Nirmala Sitharaman in Parliament
Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2022-2023 in front of a packed Parliament.
Fighting the COVID-19 pandemic for a second year, Finance Minister Nirmala Sitharaman’s budget sought to focus on economic recovery on the back of government spending.
Here are the key numbers and figures from her Budget speech.
According to Finance Minister Nirmala Sitharaman, this will be India’s growth in the current year — highest among all large economies
The budgeted fiscal deficit, which is the difference between the government expenditure and income, for the next fiscal ending March 2023 is estimated at 6.4 percent, Finance Minister Nirmala Sitharaman announced on Tuesday while presenting the Budget
Rs 65,000 crore
Amount set by the government as a target from divestment in the financial year 2022-23. She also said that estimates for the current year have been cut to Rs 78,000 crore from Rs 1.75 lakh crore.
Rs 7.50 lakh crore
The finance minister stated that the outlay for capital expenditure in the Union Budget is once again being stepped up sharply by 35.4 per cent from Rs 5.54 lakh crore in the current year to Rs 7.50 lakh crore in 2022-23
Rs 1.51 lakh crore
The amount allocated by the Centre for all agricultural and allied activities sector in FY 23, up 2.5 percent from the revised estimates the previous year
Rs 5.25 lakh crore
The defence budget was increased to Rs 5.25 lakh crore for 2022-23 from last year’s allocation of Rs 4.78 lakh crore with a major push on ensuring self-reliance in the manufacturing of military platforms
Rs 60,000 cr
Amount of money set aside to provide tap water connections to 3.8 crore households in 2022-23
Rs 11.6 lakh crore
The money the government will borrow from the market in 2022-23 to meet its expenditure requirement. This is nearly Rs 2 lakh crore higher than the current year’s Budget estimate of Rs 9.7 lakh crore.
Rs 48,000 crore
Money allocated for completion of 80 lakh houses under the Pradhan Mantri Awas Yojana (PMAY), both rural and urban, during the next fiscal year
Rs 34 crore
The money allocated to the anti-corruption ombudsman Lokpal to meet its establishment and construction-related expenditures
Rs 5,020 crore
The amount allocated to the minority affairs ministry, which is Rs 674.05 crore more than the revised figures of the previous fiscal
Rs 140367.13 crore
Money kept aside for the railway ministry — Rs 20,311 crore more than the revised figures of the previous fiscal
Rs 3,980 crore
Union Finance Minister Nirmala Sitharaman on Tuesday announced a Rs 3,980.77 crore outlay for the Ministry of Information and Broadcasting in 2022-23 fiscal, a decrease of Rs 90 crore from last year
With inputs from agencies