Question
Download Solution PDFThe allocation towards health and well-being was increased by ______ over the previous year in Union Budget 2021-22.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 137%.
Key Points
- The allocation towards health and well-being was increased by 137% over the previous year in Union Budget 2021-22.
- According to analysts, one of the sectors that have continually been neglected is "health."
- However, in her Budget 2021-22, Union Finance Minister Nirmala Sitharaman announced a 137 percent increase in the allocation for health from the previous year's budget estimate of over Rs. 94,000 crore (Rs. 94,452 crore) and a 118 percent increase from the previous year's revised budget of over Rs. 1.02 lakh crore (Rs. 1,02,873 crore).
Important Points
- The 2.23 lakh crore spending in Budget 2021 comprises allocations to the Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homoeopathy, as well as the Ministry of Health and Family Welfare (MoHFW), which is the country's focal ministry for healthcare (AYUSH).
- To calculate the spending for health and wellness, the Finance Minister combined the amounts given under several categories of other ministries.
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