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LATEST NEWS UPDATES | Healthcare Budget Allocation Low As It's States' Responsibility: Finance Secretary

Healthcare Budget Allocation Low As It's States' Responsibility: Finance Secretary

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published Published on Feb 21, 2022   modified Modified on Feb 21, 2022

-PTI/ NDTV

Finance secretary T V Somanathan on Monday said healthcare is primarily the responsibility of the states 

Mumbai: Finance secretary TV Somanathan on Monday said healthcare is primarily the responsibility of the states, amid suggestions by the industry that the budgetary allocation for the sector is still low at 1.3 per cent of GDP.

At a post-budget interaction of industry representatives in Mumbai with finance minister Nirmala Sitharaman, Confederation of Indian Industry (CII) president T V Narendran said the spending on healthcare, though higher than in the past, is 1.3 per cent of GDP, while the expectations are that the government should spend over 3 per cent.

"The figures have to be seen in the context of it being primarily a state government responsibility," Mr Somanathan said, adding that "anytime we discuss targets on the percentage of GDP to be spent on various sectors such as health, education, defence — we have to remember that any increases there will require increases in the tax-to-GDP ratio and I request the cooperation of the industry to increase that also".

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PTI/ NDTV, 21 February, 2022, https://www.ndtv.com/business/low-budget-allocation-to-healthcare-fin-secy-says-it-is-primarily-states-responsibility-2780040


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