Parliament Diary

The Finance Minister presented the Union Budget for 2022-23 in Parliament today. 

Some highlights from the Budget today:

EXTRA BUDGETARY RESOURCES 

ALLOCATION TO MINISTRIES 

• The ministries with the 13 highest allocations account for 53% of the estimated total expenditure in 2022-23. Of these, the Ministry of Defence has the highest allocation in 2022-23, at Rs 5,25,166 crore (13.3% of the total budgeted expenditure of the central government). 
• After Defence, the Ministries with the highest allocations are i. Consumer Affairs, Food and Public Distribution: Rs. 2,17,684 crore, ii. Road Transport and Highways: Rs. 1,99,108 crore, and iii. Home Affairs: Rs. 1,85,776 crore.
• Among the 13 ministries, the highest percentage increase in allocation is in the Ministry of Communications (93%). Its allocation is estimated to increase by Rs 50,890 crore over the revised estimate of 2021-22, mainly on account of capital infusion of Rs 44,720 crore in BSNL.

EXPENDITURE ON MAJOR SCHEMES 

• Among schemes, MGNREGS has the highest allocation in 2022-23 at Rs 73,000 crore. This, however,  is a decrease of 25.5% over the revised estimate of 2021-22.
• The PM-KISAN scheme (income support to farmers) has the second highest allocation in 2022-23 at Rs 68,000 crore. Allocation to the scheme has seen a marginal increase of 0.7% over the revised estimate of 2021-22. 

[Read our full analysis here].