The finance minister has tabled the budget in the Lok Sabha on 5th July, 2019. The allocation to different ministries and government projects has been announced.
Let us see how the trend has emerged in terms of budgetary allocation on education and health.
The education budget allocation is over 94,000 crores in 2019-20. This is 3.4% of the total central budget allocations. There has been an increase in the absolute allocation since 2017-18. But the percentage of education allocation out of the total budget has seen a steady decline since 2014-15. There has been a slight increase in this year’s budget. The share of education hovered over 5% of the central budget till 2015-16. For the past three years this has hovered around 3.5%.
The health budget is around 65000 crores in 2019-20. In terms of trend , there has been a steady increase in the absolute budget from 2015-16. The share of health budget in the total budgetary allocation declined from 2.4% in 2011-12 to 1.7% in 2015-16. Since then it has been rising. This year it is at 2.3% of the central budget.
Great going Anindya. Really like this snippets of information on specific sectors covered in the budget.