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Social Welfare Spending of States

Social Welfare Spending of States

PWOnlyIAS

August 24, 2023

Context:

  • According to the Crisil, social welfare spending of 11 states is to hit a 10 year high of Rs 4 lakh crore.
    • However, these do not include spending on education, agriculture, public health and other key sectors, which are budgeted separately.

Social Welfare Spending

  • The top 11 Indian states account for 75-80 percent of aggregate gross state domestic product (GSDP).
    • It is expected to reach a decadal high of over Rs 4 lakh crore, according to the budget estimates of these states for fiscal year 2024.
  • Committed Expenditure:
    • Includes salaries, pension, and interest payments are estimated to grow at a compound annual growth rate (CAGR) of 9 percent between fiscal years 2018 and 2024.
  • Non-Committed Expenditure:
    • Includes outlays on education (10-11 percent of revenue expenditure), power sector (6-7 percent), agriculture (6-7 percent), public health (4-5 percent), and social welfare schemes (13 percent).
  • Expenditure on social welfare schemes is estimated to clock 16 percent CAGR between fiscals 2018 and 2024, much faster than 11 percent growth in overall revenue expenditure. 
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Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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