9911796707
TMI BlogGOVERNMENT SOCIAL SECTOR SPENDING SHOWS RISING TREND SINCE 2016, STATES ECONOMIC SURVEY 2023-24X X X X Extracts X X X X X X X X Extracts X X X X ..... GOVERNMENT SOCIAL SECTOR SPENDING SHOWS RISING TREND SINCE 2016, STATES ECONOMIC SURVEY 2023-24 X X X X Extracts X X X X X X X X Extracts X X X X ..... rowth in recent years is being accompanied by social and institutional progress, underpinned by transformational and effective implementation of Government programmes, states the Economic Survey 2023-24 tabled by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, in Parliament today. The Survey notes that the Government's spending on social services has shown a rising t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rend since FY16, with a focus on many aspects of the social well-being of citizens of the country. Between FY18 and FY24, the overall social welfare expenditure has grown at a Compounded Annual Growth Rate (CAGR) of 12.8% while the expenditure on health has grown at a CAGR of 15.8 %. Out of the total expenditure on Social Services of Rs. 23.5 lakh crores in BE 2023-24, health expenditure has incre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ased to Rs. 5.85 lakh crores, as compared to the total expenditure on Social Services of Rs.11.39 lakh crores and health expenditure of Rs. 2.43 lakh crores in 2017-18. As a percent of GDP, expenditure on social services has increased from 6.7% in 2017-18 to 7.8% in 2023-24. Correspondingly, health expenditure has increased from 1.4% to 1.9% in the same period. The Survey also highlights that as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a percent of total expenditure, the expenditure on social services registered an increase to 26% in 2023-24 BE, out of which the expenditure on health constituted 6.5%. X X X X Extracts X X X X X X X X Extracts X X X X
|
