Plan expenditure estimates for FY14 up 6.58% at Rs 5,55,322 cr
Feb 28 2013 , New Delhi
However, the jump in the Plan expenditure for 2013-14 is 29.4 per cent when compared with the revised estimates of the same for current fiscal at Rs 4,29,187 crore.
The Plan expenditure budget estimates for the current fiscal at Rs 5.21 lakh crore was about 18 per cent higher than the budget estimates of such expenditure at Rs 4,41,547 crore in 2011-12.
The Plan expenditure is the government spending on social sector schemes such as Bharat Nirman, rural employment guarantee scheme and National Rural Health Mission. Besides, it includes Centre's assistance to various states and Union Territories Plans.
The non-Plan Expenditure for 2013-14 is budgeted at Rs 11,09,975 crore which is 14.5 per cent higher than the budget estimate of Rs 9,69,900 crore for the current fiscal.
The proposed Non-Plan expenditure in 2013-14 is 10.81 per cent higher than the revised estimates of Rs 10,01,638 crore.
Presenting the Budgetary proposals for 2013-14 in the Lok Sabha, Finance Minister P Chidambaram said, "I have been able to set the budget estimates of total expenditure at Rs 16,65,297 crore and of Plan expenditure at Rs 5,55,322 crore."
"...Members will be happy to know that Plan expenditure in 2013-14 will be 29.4 per cent more than the revised estimate of current year (fiscal). All flagship programmes have been fully and adequately funded," he said.
"I dare to say I have provided sufficient funds to each ministry or department consistent with their capacity to spend the funds. Now it is over to ministries and departments to deliver the outcomes through good governance, prudent cash management, close monitoring and timely implementation," he added.