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LATEST NEWS UPDATES | Budget 2017: What finance minister Arun Jaitley said versus what the numbers show -Samarth Bansal

Budget 2017: What finance minister Arun Jaitley said versus what the numbers show -Samarth Bansal

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published Published on Feb 2, 2017   modified Modified on Feb 2, 2017
-Hindustan Times

The budget is about policy, and the budget speech has to strike a balance with politics. How well do they match?

The allocation for MGNREGA is up 1%

What Jaitley said: “Honourable Members would be happy to note that the budget provision of Rs. 38,500 crores under MGNREGA in 2016-17 has been increased to Rs. 48,000 crores in 2017-18. This is the highest ever allocation for MGNREGA.”

What the numbers say: Yes, this is the highest ever allocation for the MGNREGA. But it didn’t go up by much. The demand for unskilled manual work surpassed expectations, leading to a revised estimate: MGNREGA 2016-17 received Rs 47,499 crores, up from the Rs 38,000 crore budgeted last year. So the allocation was hiked by Rs 501 crore — just about 1%.

Jaitley also said that in the last two years, the money spent on MGNREGA has been higher than the amount allocated, while the opposite was true under the UPA government. He’s right.

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Hindustan Times, 2 February, 2017, http://www.hindustantimes.com/union-budget/budget-2017-what-finance-minister-arun-jaitley-said-versus-what-the-numbers-show/story-VHHjdo7p5XOMR99ya0ToeK.html


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