Expenditure cuts compared to budget allocations to various ministries

New delhi date. 23 November 2020, Monday

While the preparation for the budget for the financial year 2021-21 has started, it is clear from the revised figures that the allocation made to various ministries in the current financial year budget is being slashed.

The figures show that most ministries have slashed their budget allocations.

In the first six months of the current financial year, i.e. from April to September, most of the ministries have spent less than 50 per cent of the amount allotted to them, finance ministry sources said.

However, the Department of Agriculture, Labor, Consumer Affairs and Rural Development has spent more than 50 per cent of the budget allocation, while most of the ministries have spent only 50 per cent of the allocation. Expenditure is expected to remain low for the rest of the year.

Corona has forced the government to cut budget allocations to other ministries due to various welfare schemes announced by the government to support the economy, finance ministry sources said.