New Delhi: The government on Monday proposed to increase the Plan expenditure for 2011-12 to Rs 4,41,546.75 crore, up 18.35 per cent from the Budget estimates for the current fiscal.
However, the jump in the Plan expenditure for 2011-12 is 11.77 per cent, if compared with the revised estimates of the same for current fiscal at Rs 3,95,023.90 crore.
The Budget 2010-11 estimated Plan expenditure at Rs 3,73,091.99 crore.
The Plan expenditure is the government spending on social sector schemes such as Bharat Nirman, rural employment guarantee and National Rural Health Mission.
Besides, it includes Centre's assistance to various states and Union
Territories Plans.
While presenting the Budget in the Lok Sabha, Finance Minister Pranab Mukherjee said, "The Plan expenditure at Rs 4,41,547 crore marks an increase of 18.3 per cent and the non-Plan Expenditure at Rs 8,16,182 crore is an increase of
10.9 per cent over Budget estimate of 2010-11."
"As 2011-12 is the last year of the 11th Plan (2007-12), I am happy to share that 11th Plan expenditure in nominal terms is more than 100 per cent of the expenditure envisaged for the Plan period," Mukherjee said.
He further said, "The total Plan and non-Plan transfers of Rs 2,01,733 crore to states and union territories in 2011-12 have increased by 23 per cent over the Budget estimates for 2010-11."
"This includes grants of Rs 13,713 crore in 2011-12 to local bodies as per the recommendation of the 13th Finance Commission," he added.
The total expenditure proposed for 2011-12 is Rs 12,57,729 crore, an increase of 13.4 per cent over the Budget Estimates for 2010-11.
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