UNION BUDGET

2022-23
 • The government proposes to spend Rs.
39,44,909 crore in 2022-23.
UNION BUDGET • It is an increase of 4.6% over the revised
Key highlights estimate of 2021-22.
• In 2021-22, total expenditure is
estimated to be 8.2% higher than budget
estimate.

3944909
IN CRORE

3483236
3042230
2786349
2442213
2147000
1978000
2016- 2017- 2018- 2019- 2020- 2021- 2022-
17 18 19 20 21 22 23

UNION BUDGET (2016-2022)

 TOTAL
TOTAL BUDGET (2022-23) 3944909 cr.

BUDGETED (in cr.) BUDGETED (in cr.)

Defence 525166 Chemicals and fertilizers 107715

Consumer affairs, food and 217684 Communication 105407

public distribution
Road transport and 199108 Education 104278
highways
Home affairs 185776 Health and family welfare 86201

Railways 140367 Jal Shakti 86189

Rural department 138204 Housing and urban affairs 76549

Agriculture and farmer 132514 Other ministries 1839751

welfare
 SENSEX

FINANCIAL BUDGET 

1-2-2017
1-2-2018
+1.76%
-0.16%
 1-2-2019 +0.59%
 1-2-2020 -2.43%
KEY HIGHLIGHTS ON FINANCIAL BUDGET  1-2-2021 +5%
 1-2-2022 +1.46%
 Proposes fiscal deficit of 4.5% of GDP by 2026/26.

 Projects fiscal deficit of 6.4%of GDP in 2022/23.

 Revised fiscal deficit for 2021/22 at 6.9% of GDP.

 Total expenditure in 2022/23 seen at 39.45 trillion rupees.

 States will be allowed 4% fiscal deficit to GDP in FY23.

 50 year interest free loans over and above normal borrowing
allocated to states.
 Scheme for financial assistance to states for capital investment outlay
to be 1 trillion rupees in 2022/23.
AGRICULTURE

KEY HIGHLIGHTS ON AGRICULTURE BUDGET Sectors on

agriculture
 Domestic scheme introduced to reduce dependence on oilseed
imports.
 Fund with blended capital raised under co-investment model to
finance agriculture start-ups.

132513
 Railways to develop infrastructure for small farmers in 2022-23.

123017
116757
IN CRORE

94251
 MSP for farmers to be transferred directly into their bank accounts.

46076
37396
36912
 Chemical free natural farming to be promoted in India.

 Delivery of hi-tech services for farmers to be promoted in India.

2016- 2017- 2018- 2019- 2020- 2021- 2022-
17 18 19 20 21 22 23
 Government to promote funds for blended finance for sunrise
opportunities such as climate action, agri-tech, etc. BUDGET FOR AGRICULTURE (2016-2022)
 ABOVE 30%
1500000

TAXATION 1250000
25%

Income 20%
KEY HIGHLIGHTS ON TAXATION Tax 1000000
Slabs 15%
 Import duty on certain chemicals are being reduced. (in Rs.) 750000
10%
 Income from transfer of digital assets such as crypto to be taxed at 500000
30%. 5%
250000 0%
 Customs duty on stainless steel, flat products, steel bars to be ZERO
revoked.
 Unblended fuel to get additional duty of 2 rupees per litre from
October 2022.
 The tax incentive period is extended by one year for start-ups.
 Customer duty exemption on steel scrap to be extended for another
year for small and medium size businesses.
 Customs duty on cut and polished diamonds, gems to be reduced to
5%.
INFRASTRUCTURE
CONSISTS
KEY HIGHLIGHTS ON INFRASTRUCTURE BUDGET

 Expanding highways in the country by 25,000 km.**

 Rs. 60,000 Cr to the NAL SE JAL scheme.

 Five river link projects across various states.

 Additional Rs. 48,000 Cr in the PM housing scheme.

 Boosting infrastructure development in the north east. i

 5G spectrum auctions to be conducted in 2022.

 400 highways efficient trains to be manufactured over next three
years.
IMPACTS IN TWO SECTORS 1.
KEY HIGHLIGHTS ON BUDGET IMPACTS
 2.
IMPACTS IN TWO SECTORS

KEY HIGHLIGHTS ON BUDGET IMPACTS

THANK
YOU