New Delhi: India overcame pandemic effects to become the world’s fastest-growing economy, Finance Minister Nirmala Sitharaman said while speaking on Budget 2024 in the Lok Sabha. Sitharaman said the agriculture sector received an allocation of Rs 1.52 lakh crore in 2023-24, compared to Rs 30 lakh crore in 2013-14. The Modi government’s Budget expenditure grew by Rs 48.21 lakh crore and is projected to grow 7.3 per cent in FY24 and 8.5 per cent over pre-actuals in FY24, she added.
Watch live: Smt @nsitharaman‘s reply during Discussion on Union Budget for 2024-25 & UT of J&K for 2024-25 in #LokSabha.#BudgetSession2024 #BudgetForViksitBharat @PIB_India @FinMinIndia @MIB_India @sansad_tv https://t.co/cIEVVOx50O
— Nirmala Sitharaman Office (@nsitharamanoffc) July 30, 2024
The allocation also rose Rs 8,000 crore year-on-year in this Budget she added. Delving deeper into the Budget, she said the allocation for education and employment rose to Rs 1.48 lakh crore in Budget 2024, up 23 per cent from Rs 85 lakh crore in 2013-14.
Agriculture had 0.30 lakh crore in 2013-14, whereas now it has 1.52 lakh crore. It is 8,000 crores more than last year, which is 2023-24. Education and employment had 0.85 lakh crore allotted in 2013-14, whereas today it is 1.48 lakh crore, 23% more allocation says @nsitharaman pic.twitter.com/DyRVAQJ36k
— SansadTV (@sansad_tv) July 30, 2024
On controversy over Budget allocation to states
She said the unemployment rate for the 15-59 year age group in J&K came down to 4.4 per cent in FY23 from 5.7 per cent in FY22 and 6.4 per cent in FY21. Sitharaman said that the Budget provided a substantial assistance of Rs 12,000 crore to Jammu and Kashmir.
She also took on Opposition barbs regarding little or no allocation to states other than coalition partners ruled Bihar and Andhra Pradesh saying that if a state had not been mentioned in the Budget speech, it did not mean they had not been allocated funds.
Finance minister Nirmala Sitharaman said that if state was not mentioned in her Budget speech, it did not mean there was no budget allocation for the state. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
