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    The document discusses areas of expected increases and decreases in Indian government expenditures. It notes that defence spending is projected to rise 15% to modernize the military and address security threats, while subsidies may fall 10% due to deregulation of petrol prices. Agriculture supports and distribution systems are also priorities to ensure reasonable food prices. Overall, the central plan aims to balance security, economic reforms, and social responsibilities.

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    The document discusses areas of expected increases and decreases in Indian government expenditures. It notes that defence spending is projected to rise 15% to modernize the military and address security threats, while subsidies may fall 10% due to deregulation of petrol prices. Agriculture supports and distribution systems are also priorities to ensure reasonable food prices. Overall, the central plan aims to balance security, economic reforms, and social responsibilities.

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    7 views1 page

    Expenditures

    Uploaded by

    abhishek111922
    The document discusses areas of expected increases and decreases in Indian government expenditures. It notes that defence spending is projected to rise 15% to modernize the military and address security threats, while subsidies may fall 10% due to deregulation of petrol prices. Agriculture supports and distribution systems are also priorities to ensure reasonable food prices. Overall, the central plan aims to balance security, economic reforms, and social responsibilities.

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    Attribution Non-Commercial (BY-NC)
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    of 1

    Expenditures

    Defence Services(15% increase)

    Army , Navy and Air-Force are the three wings of defence.  Defence expenditure is likely to increase in all 3 areas owing to
    ongoing Naxal insurgencies and due to the current strategic partnership between China and Pakistan.The Thirteenth
    Finance Commission has observed that there exists considerable scope to improve the quality and efficiency of defence
    expenditure through increased private sector engagement, import substitution and indigenization, improvements in
    procedures and practices and better project management, within the parameters of Government of India’s policy. India is
    likely to spend USD 120 billion in the next plan period (2012-17), the latter coinciding with the last phase of India’s
    ambitious military modernization plan.

    Subsidies(10% decrease)

    Deregulation of petrol prices may cause a fall in subsidies given to this sector.

    Agriculture 

    Could be one of the top priorities of the budget. Supports for various agricultural products and their effective public
    distribution system are likely to be announced in the budget. This is very critical to contain price of the various food Items
    and making them available at reasonable prices.

    Central Plan

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