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  2. • Budget 2023-24 adopts seven priorities which complement each other and act as the 'Saptarishi' guiding us through the Amrit Kaal. • The agriculture credit target will be increased to Rs. 20 lakh crore with focus on animal husbandry, dairy and fisheries.

  3. In 2023-24, the ministries with the highest allocations account for 55% of the estimated total expenditure. Of these, the Ministry of Defence has the highest allocation in 2023-24, at Rs 5,93,538 crore. It accounts for 13.2% of the total budgeted expenditure of the central government.

    • Inclusive Development. The Government’s philosophy of Sabka Saath Sabka Vikas has facilitated inclusive development covering in specific, farmers, women, youth, OBCs, Scheduled Castes, Scheduled Tribes, divyangjan and economically weaker sections, and overall priority for the underprivileged (vanchiton ko variyata).
    • Reaching the Last Mile. The Finance Minister said that Prime Minister Vajpayee’s government had formed the Ministry of Tribal Affairs and the Department of Development of North-Eastern Region to provide a sharper focus to the objective of ‘reaching the last mile’.
    • Infrastructure & Investment. Smt. Sitharaman said, investments in Infrastructure and productive capacity have a large multiplier impact on growth and employment and in view of this capital investment outlay is being increased steeply for the third year in a row by 33 per cent to Rs 10 lakh crore, which would be 3.3 per cent of GDP.
    • Unleashing the Potential. The Finance Minister said that for enhancing ease of doing business, more than 39,000 compliances have been reduced and more than 3,400 legal provisions have been decriminalized.
  4. Feb 1, 2023 · Finance Minister Nirmala Sitharaman has pegged the total expenditure in Budget 2023-24 at Rs 45,03,097 crore, up from Rs 41,87,232 crore of the revised estimates for 2022-23. Budget estimates of expenditure for 2023-24 show an increase of Rs 3,15,865 crore over the revised estimates 2022-23.

  5. The Union Budget 2023-24 has allocated89,155 crores for the Ministry which is 3.43% higher than its previous outlay of ₹86,200.65 crores. Out of the total allocation, ₹86,175 crores has been earmarked for the Department of Health and Family Welfare.

  6. The highlights of the Budget are as follows: PART A. Per capita income has more than doubled to1.97 lakh in around nine years. Indian economy has increased in size from being 10th to 5th largest in the world in the past nine years. EPFO membership has more than doubled to 27 crore.

  7. Fiscal deficit in 2024-25 is targeted at 4.9% of GDP, which is lower than the actual fiscal deficit of 5.6% of GDP in 2023-24. New Schemes: Rs 62,593 crore has been allocated to the Department of Economic Affairs for New Schemes (details not available).