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Non-plan expenditure is estimated at Rs 2751.23 billion

Non-plan expenditure in 2001-02 is estimated to be Rs 2751.23 billion compared to Rs 2492.84 billion in revised estimates for the current year.

The increase in non-plan expenditure is mainly in interest payments (Rs 116.33 billion), defence (Rs 75.39 billion) and grants to state governments (Rs 22.21 billion),Finance Minister Yashwant Sinha said in his budget speech in Lok Sabha on Wednesday.

The revised estimates for the current fiscal year show a marginal decrease of Rs 29.65 billion as compared to the Budget estimates.

Net tax revenues for the Centre are estimated to be Rs 1444.03 billion compared to budget estimates of Rs 146 2.09 billion, thereby reflecting a shortfall of Rs 18.06 billion.

Non-tax revenue is estimated at Rs 617.63 billion, Rs 42.99 billion more than the estimated level of Rs 574.64 billion.

However, divestment receipts are expected to be lower at Rs 25 billion against the budget target of Rs 100 billion.

In the budget estimates for 2001-02, the total expenditure is estimated at Rs 375 2.23 billion, of which Rs 1001 billion is for plan and Rs 2751.23 billion for non-plan.

-On plan expenditure, Sinha said the budget support for central, state and union territory plan has been placed at Rs 1001 billion, an increase of Rs 138.62 billion over revised estimates of 2000-01. This amounts to an increase of 16 per cent.

-Gross budgetary support for the central plan is being enhanced from Rs 486.29 billion in the revised estimates of 2000-01 to Rs 59,456 crore in 2001-02.

-Central plan assistance to states and Union Territories in 2001-02 is also proposed to be increased to Rs 406.44billion from Rs 37 9.69 billion in the revised estimates of 2000-01.

Budget 2001
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