Budget 2001-02

Budget 2001-02 focuses on accelerated reforms in the agricultural sector, besides targetting food economy and rural development programmes.

Budget Strategy

HT Image

Accelerated reforms in the agricultural sector -- food economy and rural development programmes targeted.

Intensification of infrastructure investment, continued reforms in the financial sector and capital markets, deepening of structural reforms -- dismantling controls constraining economic activity.

Human development through better educational opportunities and social security.

Reduction in non-productive expenditure and rationalisation of subsidies.

Acceleration of the privatisation process and restructuring of public enterprises.

Widening of the tax base and toning up the tax administration.

Budget Estimates

The target of 5.1 per cent of fiscal deficit in 2000-01 has been achieved first time in many years.

Total expenditure in the budget estimates for 2001-02 is estimated at Rs 3,75,223 crore, of which Rs 100,100 crore is for plan and Rs 275,123 crore for non-plan.

The budget support for Centre, state and UT Plans increased by Rs 13,862 crore (16 per cent) over revised estimates 2000-01 to Rs 100,100 crore.

Gross budgetary support for the Central Plan being enhanced from Rs 48,269 crore in the revised estimates 2000-01 to Rs 59,456 crore in 2001-02.

Central Plan assistance to states and union territories in 2001-02 increased to Rs 40,644 crore from Rs 37,969 crore in the revised estimates 2000-01.

Non-plan expenditure in 2001-02 is estimated to be Rs 2,75,123 crore compared to Rs 2,49,285 crore in revised estimates for 2000-2001.

Full budget report