Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
if (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) {
'status' => (int) 200,
'contentType' => 'text/html',
'headers' => [
'Content-Type' => [
[maximum depth reached]
]
],
'file' => null,
'fileRange' => [],
'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
'cacheDirectives' => [],
'body' => '<!DOCTYPE html>
<!--[if lt IE 7 ]>
<html class="ie ie6" lang='en'> <![endif]-->
<!--[if IE 7 ]>
<html class="ie ie7" lang='en'> <![endif]-->
<!--[if IE 8 ]>
<html class="ie ie8" lang='en'> <![endif]-->
<!--[if (gte IE 9)|!(IE)]><!-->
<html lang='en'>
<!--<![endif]-->
<head><meta http-equiv="Content-Type" content="text/html; charset=utf-8">
<title>
NEWS ALERTS | Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22 </title>
<meta name="description" content="
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'.
The budget documents for Union..."/>
<meta name="keywords" content="15th Finance Commission,Fertilizer Subsidy,FFC,Fifteenth Finance Commission,Food Corporation of India,Food Subsidy,Outstanding Liabilities,Union Budget,Union Budget 2021-22"/>
<meta name="news_keywords" content="15th Finance Commission,Fertilizer Subsidy,FFC,Fifteenth Finance Commission,Food Corporation of India,Food Subsidy,Outstanding Liabilities,Union Budget,Union Budget 2021-22">
<link rel="alternate" type="application/rss+xml" title="ROR" href="/ror.xml"/>
<link rel="alternate" type="application/rss+xml" title="RSS 2.0" href="/feeds/"/>
<link rel="stylesheet" href="/css/bootstrap.min.css?1697864993"/> <link rel="stylesheet" href="/css/style.css?v=1.1.2"/> <link rel="stylesheet" href="/css/style-inner.css?1577045210"/> <link rel="stylesheet" id="Oswald-css"
href="https://fonts.googleapis.com/css?family=Oswald%3Aregular%2C700&ver=3.8.1" type="text/css"
media="all">
<link rel="stylesheet" href="/css/jquery.modal.min.css?1578285302"/> <script src="/js/jquery-1.10.2.js?1575549704"></script> <script src="/js/jquery-migrate.min.js?1575549704"></script> <link rel="shortcut icon" href="/favicon.ico" title="Favicon">
<link rel="stylesheet" href="/css/jquery-ui.css?1580720609"/> <script src="/js/jquery-ui.js?1575549704"></script> <link rel="preload" as="style" href="https://www.im4change.org/css/custom.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel="preload" as="style" href="https://www.im4change.org/css/jquery.modal.min.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel="preload" as="style" href="https://www.im4change.org/css/jquery-ui.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel="preload" as="style" href="https://www.im4change.org/css/li-scroller.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<!-- <link rel="preload" as="style" href="https://www.im4change.org/css/style.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous"> -->
<link rel="preload" as="style" href="https://www.im4change.org/css/style-inner.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel='dns-prefetch' href="//im4change.org/css/custom.css" crossorigin >
<link rel="preload" as="script" href="https://www.im4change.org/js/bootstrap.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery.li-scroller.1.0.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery.modal.min.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery.ui.totop.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery-1.10.2.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery-migrate.min.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery-ui.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/setting.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/tie-scripts.js">
<!--[if IE]>
<script type="text/javascript">jQuery(document).ready(function () {
jQuery(".menu-item").has("ul").children("a").attr("aria-haspopup", "true");
});</script>
<![endif]-->
<!--[if lt IE 9]>
<script src="/js/html5.js"></script>
<script src="/js/selectivizr-min.js"></script>
<![endif]-->
<!--[if IE 8]>
<link rel="stylesheet" type="text/css" media="all" href="/css/ie8.css"/>
<![endif]-->
<meta property="og:title" content="NEWS ALERTS | Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22" />
<meta property="og:url" content="https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html" />
<meta property="og:type" content="article" />
<meta property="og:description" content="
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'.
The budget documents for Union..." />
<meta property="og:image" content="" />
<meta property="fb:app_id" content="0" />
<meta name="viewport" content="width=device-width, initial-scale=1, maximum-scale=1, user-scalable=no">
<link rel="apple-touch-icon-precomposed" sizes="144x144" href="https://im4change.in/images/apple1.png">
<link rel="apple-touch-icon-precomposed" sizes="120x120" href="https://im4change.in/images/apple2.png">
<link rel="apple-touch-icon-precomposed" sizes="72x72" href="https://im4change.in/images/apple3.png">
<link rel="apple-touch-icon-precomposed" href="https://im4change.in/images/apple4.png">
<style>
.gsc-results-wrapper-overlay{
top: 38% !important;
height: 50% !important;
}
.gsc-search-button-v2{
border-color: #035588 !important;
background-color: #035588 !important;
}
.gsib_a{
height: 30px !important;
padding: 2px 8px 1px 6px !important;
}
.gsc-search-button-v2{
height: 41px !important;
}
input.gsc-input{
background: none !important;
}
@media only screen and (max-width: 600px) {
.gsc-results-wrapper-overlay{
top: 11% !important;
width: 87% !important;
left: 9% !important;
height: 43% !important;
}
.gsc-search-button-v2{
padding: 10px 10px !important;
}
.gsc-input-box{
height: 28px !important;
}
/* .gsib_a {
padding: 0px 9px 4px 9px !important;
}*/
}
@media only screen and (min-width: 1200px) and (max-width: 1920px) {
table.gsc-search-box{
width: 15% !important;
float: right !important;
margin-top: -118px !important;
}
.gsc-search-button-v2 {
padding: 6px !important;
}
}
</style>
<script>
$(function () {
$("#accordion").accordion({
event: "click hoverintent"
});
});
/*
* hoverIntent | Copyright 2011 Brian Cherne
* http://cherne.net/brian/resources/jquery.hoverIntent.html
* modified by the jQuery UI team
*/
$.event.special.hoverintent = {
setup: function () {
$(this).bind("mouseover", jQuery.event.special.hoverintent.handler);
},
teardown: function () {
$(this).unbind("mouseover", jQuery.event.special.hoverintent.handler);
},
handler: function (event) {
var currentX, currentY, timeout,
args = arguments,
target = $(event.target),
previousX = event.pageX,
previousY = event.pageY;
function track(event) {
currentX = event.pageX;
currentY = event.pageY;
}
;
function clear() {
target
.unbind("mousemove", track)
.unbind("mouseout", clear);
clearTimeout(timeout);
}
function handler() {
var prop,
orig = event;
if ((Math.abs(previousX - currentX) +
Math.abs(previousY - currentY)) < 7) {
clear();
event = $.Event("hoverintent");
for (prop in orig) {
if (!(prop in event)) {
event[prop] = orig[prop];
}
}
// Prevent accessing the original event since the new event
// is fired asynchronously and the old event is no longer
// usable (#6028)
delete event.originalEvent;
target.trigger(event);
} else {
previousX = currentX;
previousY = currentY;
timeout = setTimeout(handler, 100);
}
}
timeout = setTimeout(handler, 100);
target.bind({
mousemove: track,
mouseout: clear
});
}
};
</script>
<script type="text/javascript">
var _gaq = _gaq || [];
_gaq.push(['_setAccount', 'UA-472075-3']);
_gaq.push(['_trackPageview']);
(function () {
var ga = document.createElement('script');
ga.type = 'text/javascript';
ga.async = true;
ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js';
var s = document.getElementsByTagName('script')[0];
s.parentNode.insertBefore(ga, s);
})();
</script>
<link rel="stylesheet" href="/css/custom.css?v=1.16"/> <script src="/js/jquery.ui.totop.js?1575549704"></script> <script src="/js/setting.js?1575549704"></script> <link rel="manifest" href="/manifest.json">
<meta name="theme-color" content="#616163" />
<meta name="apple-mobile-web-app-capable" content="yes">
<meta name="apple-mobile-web-app-status-bar-style" content="black">
<meta name="apple-mobile-web-app-title" content="im4change">
<link rel="apple-touch-icon" href="/icons/logo-192x192.png">
</head>
<body id="top" class="home inner blog">
<div class="background-cover"></div>
<div class="wrapper animated">
<header id="theme-header" class="header_inner" style="position: relative;">
<div class="logo inner_logo" style="left:20px !important">
<a title="Home" href="https://im4change.in/">
<img src="https://im4change.in/images/logo2.jpg?1582080632" class="logo_image" alt="im4change"/> </a>
</div>
<div class="langhindi" style="color: #000;display:none;"
href="https://im4change.in/">
<a class="more-link" href="https://im4change.in/">Home</a>
<a href="https://im4change.in/hindi/" class="langbutton ">हिन्दी</a>
</div>
<nav class="fade-in animated2" id="main-nav">
<div class="container">
<div class="main-menu">
<ul class="menu" id="menu-main">
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"
style="left: -40px;"><a
target="_blank" href="https://im4change.in/">Home</a>
</li>
<li class="menu-item mega-menu menu-item-type-taxonomy mega-menu menu-item-object-category mega-menu menu-item-has-children parent-list"
style=" margin-left: -40px;"><a href="#">KNOWLEDGE GATEWAY <span class="sub-indicator"></span>
</a>
<div class="mega-menu-block background_menu" style="padding-top:25px;">
<div class="container">
<div class="mega-menu-content">
<div class="mega-menu-item">
<h3><b>Farm Crisis</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/farmers039-suicides-14.html"
class="left postionrel">Farm Suicides </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/unemployment-30.html"
class="left postionrel">Unemployment </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/rural-distress-70.html"
class="left postionrel">Rural distress </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/migration-34.html"
class="left postionrel">Migration </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/key-facts-72.html"
class="left postionrel">Key Facts </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/debt-trap-15.html"
class="left postionrel">Debt Trap </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Empowerment</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/union-budget-73.html"
class="left postionrel">Union Budget And Other Economic Policies </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/forest-and-tribal-rights-61.html"
class="left postionrel">Forest and Tribal Rights </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-education-60.html"
class="left postionrel">Right to Education </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-food-59.html"
class="left postionrel">Right to Food </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/displacement-3279.html"
class="left postionrel">Displacement </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-work-mg-nrega-39.html"
class="left postionrel">Right to Work (MG-NREGA) </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/gender-3280.html"
class="left postionrel">GENDER </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-information-58.html"
class="left postionrel">Right to Information </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/social-audit-48.html"
class="left postionrel">Social Audit </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Hunger / HDI</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/poverty-and-inequality-20499.html"
class="left postionrel">Poverty and inequality </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/malnutrition-41.html"
class="left postionrel">Malnutrition </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/public-health-51.html"
class="left postionrel">Public Health </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/education-50.html"
class="left postionrel">Education </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/hunger-overview-40.html"
class="left postionrel">Hunger Overview </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/hdi-overview-45.html"
class="left postionrel">HDI Overview </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/pds-ration-food-security-42.html"
class="left postionrel">PDS/ Ration/ Food Security </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/sdgs-113.html"
class="left postionrel">SDGs </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/mid-day-meal-scheme-mdms-53.html"
class="left postionrel">Mid Day Meal Scheme (MDMS) </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Environment</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/environment/time-bomb-ticking-52.html"
class="left postionrel">Time Bomb Ticking </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/environment/water-and-sanitation-55.html"
class="left postionrel">Water and Sanitation </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/environment/impact-on-agriculture-54.html"
class="left postionrel">Impact on Agriculture </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Law & Justice</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/social-justice-20500.html"
class="left postionrel">Social Justice </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/access-to-justice-47.html"
class="left postionrel">Access to Justice </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/human-rights-56.html"
class="left postionrel">Human Rights </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/corruption-35.html"
class="left postionrel">Corruption </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/general-insecurity-46.html"
class="left postionrel">General Insecurity </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/disaster-relief-49.html"
class="left postionrel">Disaster & Relief </a>
</p>
</div>
</div>
</div>
</div>
</li>
<li class="menu-item menu-item-type-post_type menu-item-object-page "><a target="_blank" href="https://im4change.in/nceus_reports.php">NCEUS reports</a>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children parent-list ">
<a target="_blank" href="https://im4change.in/about-us-9.html">About Us <span
class="sub-indicator"></span></a>
<ul class="sub-menu aboutmenu">
<li class="menu-item menu-item-type-post_type menu-item-object-page"><a
target="_blank" href="https://im4change.in/objectives-8.html">Objectives</a>
</li>
<li class="menu-item menu-item-type-post_type menu-item-object-page"><a
target="_blank" href="https://im4change.in/contactus.php">Contact
Us</a></li>
<li class="menu-item menu-item-type-post_type menu-item-object-page"><a
target="_blank" href="https://im4change.in/about-us-9.html">About
Us</a></li>
</ul>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children ">
<a target="_blank" href="https://im4change.in/fellowships.php" title="Fellowships">Fellowships</a>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a
target="_blank" href="https://im4change.in/media-workshops.php">Workshops</a>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a
target="_blank" href="https://im4change.in/research.php">Research</a></li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a
target="_blank" href="https://im4change.in/links-64">Partners</a></li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"
id="menu-item-539"><a target="_blank" href="https://im4change.in/hindi/"
class="langbutton langlinkfont17">हिन्दी</a></li>
</ul>
</div> </div>
<!-- <div style="float: right;">
<script async src="https://cse.google.com/cse.js?cx=18b4f2e0f11bed3dd"></script>
<div class="gcse-search"></div>
</div> -->
<div class="search-block" style=" margin-left: 8px; margin-right: 7px;">
<form method="get" id="searchform" name="searchform"
action="https://im4change.in/search"
onsubmit="return searchvalidate();">
<button class="search-button" type="submit" value="Search"></button>
<input type="text" id="s" name="qryStr" value=""
onfocus="if (this.value == 'Search...') {this.value = '';}"
onblur="if (this.value == '') {this.value = 'Search...';}">
</form>
</div>
</nav>
</header>
<div class="container">
<div id="main-content" class=" main1 container fade-in animated3 sidebar-narrow-left">
<div class="content-wrap">
<div class="content" style="width: 900px;min-height: 500px;">
<div class="background_inner innBack" align="center">
<img src="https://im4change.in/images/media/Image union budget.jpg"
alt="Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22"
class="box_shadow mt5 imgRes" style="max-width:500px;"/>
</div>
<section class="cat-box recent-box innerCatRecent">
<h1 class="cat-box-title">Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22</h1>
<a href="JavaScript:void(0);" onclick="return shareArticle(58425);">
<img src="https://im4change.in/images/email.png?1582080630" border="0" width="24" align="right" alt="Share this article"/> </a>
<a href="https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22/print"
rel="nofollow">
<img src="https://im4change.in/images/icon-print.png?1582080630" border="0" width="24" align="right" alt="Share this article"/>
</a>
</section>
<section class="recent-box innerCatRecent">
<small class="pb-1"><span class="dateIcn">
<img src="https://im4change.in/images/published.svg?1582080666" alt="published"/>
Published on</span><span class="text-date"> Feb 4, 2021</span>
<span
class="dateIcn">
<img src="https://im4change.in/images/modified.svg?1582080666" alt="modified"/> Modified on </span><span class="text-date"> May 14, 2021</span>
</small>
</section>
<div class="clear"></div>
<div style="padding-top: 10px;">
<div class="innerLineHeight">
<div class="middleContent innerInput news-alerts-57">
<table>
<tr>
<td>
<div>
<p style="text-align:justify"><br />In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission Main Report</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a>. But first, let us discuss 'fertilizer subsidy'.</p><p style="text-align:justify">The <a href="/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">budget documents</a> for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 1,33,947 crore in 2020-21</a> (revised estimate) to <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 79,530 crore in 2021-22</a> (budget estimate). However, the budgetary allocation on ‘fertilizer subsidy’ was <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 71,309 crore in 2020-21 (B.E.)</a>, which is almost half of the revised estimate figure for 2020-21. The large difference between B.E. and R.E. figures for expenditure on 'fertilizer subsidy' in 2020-21 occurred on account of change in the accounting practice <em>[as recommended by the Comptroller and Auditor General (CAG) of India and the 15th Finance Commission, among others]</em>, and moving away from the 'off-budget financing' mode to a more transparent way of depicting expenditure under that head.</p><p style="text-align:justify">It needs to be mentioned here that the Union Government resorted to Special Banking Arrangement (SBA) in order to meet the liquidity requirements of fertilizer companies arising out of the 'fertilizer subsidy', which is announced in every year's Union Budget. The main <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">report of the 15th Finance Commission</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a>, which was presented in the Parliament on 1st February, 2021, explains that the SBA is short-term credit from public sector banks to meet the mismatch in budget allocations and actual amount due at the end of the financial year. The Union Government pays interest to banks at the G-Sec rate and the interest above the G-sec rate is borne by the fertilizer companies. The stock of extra-budgetary resources pertaining to fertilizer subsidies as of March 2020 was nearly Rs. 40,000 crore.</p><p style="text-align:justify">Now, let us turn our attention to discuss ‘food subsidy’. <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Budget documents</a> released for 2021-22 indicate that the spending on ‘food subsidy’ was trimmed from <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 4,22,618 crore in 2020-21 (R.E.)</a> down to <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 2,42,836 crore in 2021-22 (B.E.)</a>. The budgetary allocation on ‘food subsidy’ was <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 1,15,570 crore in 2020-21 (B.E.)</a>, which is almost a quarter of the revised estimate figure for 2020-21. The <a href="/upload/files/FCI%20demand%20for%20grants%202021-22%281%29.pdf" title="/upload/files/FCI%20demand%20for%20grants%202021-22%281%29.pdf">huge difference between B.E. and R.E. figures</a> for expenditure on 'food subsidy' in 2020-21 too happened due to the change in accounting practice, and switching from the 'extra-budgetary borrowing' mode to a more transparent way of revealing expenditure under that head.</p><p style="text-align:justify">The <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission report</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a> mentions that the Food Corporation of India (FCI) relies on a number of instruments such as bonds, unsecured short-term loans and National Small Savings Fund (NSSF) loans from the Union Government in order to cover the deficit in the budgetary allocation for ‘food subsidy’. It should be noted here that the outstanding stock of NSSF loans to FCI as of March 2020 was about Rs. 3.2 lakh crore.</p><p style="text-align:justify">Therefore, much of the difference between B.E. <em>(i.e. <a href="/upload/files/Budget%20at%20a%20glance%202021-22.jpg" title="/upload/files/Budget%20at%20a%20glance%202021-22.jpg">Rs. 30,42,230 crore</a>)</em> and R.E. <em>(i.e. <a href="/upload/files/Budget%20at%20a%20glance%202021-22%281%29.jpg" title="/upload/files/Budget%20at%20a%20glance%202021-22%281%29.jpg">Rs. 34,50,305 crore</a>)</em> figures <em>(i.e. by nearly <a href="/upload/files/Budget%20at%20a%20glance%202021-22%282%29.jpg" title="/upload/files/Budget%20at%20a%20glance%202021-22%282%29.jpg">Rs. 4,08,075 crore</a>)</em> pertaining to total Government expenditure in 2020-21 has been observed due to the Union Government taking recourse to a more transparent way of financing its schemes/ programmes and reporting its fiscal deficit instead of relying on 'off-budget financing'.</p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="538" src="https://www.youtube.com/embed/94aOjakOCD0" width="956"></iframe></p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify"><strong>Recommendations by the 15th Finance Commission report for 2021-26</strong></p><p style="text-align:justify">Table-1 shows that the proportion of Union Government's extra-budgetary resources in India's gross domestic product (GDP) has increased from 0.1 percent to 0.8 percent between 2016-17 and 2020-21 (B.E.). The <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">main report of the 15th Finance Commission</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a> says that the Union Government has been resorting to off-budget financing <em>(the details of which have been discussed earlier)</em> in the form of deferment of expenditure to the following year, aside from the reported EBR. The Union Government started including details of extra-budgetary resources in its Medium-term Fiscal Policy Statement from 2019-20 in order to restore the integrity of fiscal accounts.</p><p style="text-align:justify"><strong>Table 1: Outstanding Liabilities of the Union Government (percent of GDP)</strong></p><p style="text-align:justify"><img alt="" src="/upload/images/Table%201%20Outstanding%20Liabilities%20of%20the%20Union%20Government%20as%20a%20percentage%20of%20GDP.jpg" style="height:626px; width:744px" /></p><p style="text-align:justify"><em><strong>Source: </strong>Fifteenth Finance Commission Volume-I Main Report, Report for 2021-26, October 2020, presented to the Parliament on 1st February, 2021,</em> <em>please <a href="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">click here</a> to access</em><br /><strong>---</strong></p><p style="text-align:justify">Earlier the CAG of India in its Report no. 20 of 2018 on compliance with the Fiscal Responsibility and Budget Management Act by the Union Government had stated about the malpractice of off-budget financing by the Union Government. Full budgetary provision in the year of incurring expenditures needs to be made for eliminating the practice of short-term borrowings to finance fertilizer subsidies and lending to FCI through NSSF, recommends the recently released <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">Finance Commission report</a>. It suggests that the expenditures arising out of current transactions needs to be separated from the accumulated liabilities of extra-budgetary transactions. Additional resources need to be mobilised by the Union Government through administrative and governance reforms so that scarce resources are released for clearing outstanding liabilities. In case of both ‘food subsidy’ and ‘fertilizer subsidy’, it has been suggested that the Union Government should carry out pricing and administrative/ governance reforms for eliminating dependence on extra-budgetary resources in a time-bound manner. Deficit and debt needs to be reported transparently as is required as per the amended Fiscal Responsibility and Budget Management Act of 2018.</p><p style="text-align:justify">The newly released <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission report</a> advises the Union Government to draw up an appropriate plan for introducing such measures that will ensure repayments of outstanding extra-budgetary liabilities in a time-bound manner. Building on the definition of ‘Central Government Debt’ in the amended FRBM Act, the latest available <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">report of the 15th Finance Commission</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a> mentions that the Union and State accounts should include debts of all government entities and agencies/ corporations that deliver public services on behalf of the Union or State Governments, including all autonomous bodies, parastatals, and extra-budgetary funds at the Union and state-levels.</p><p style="text-align:justify">International experience shows that the realisation of risks originating from ineffective surveillance at all levels of government, especially from sub-national governments and extra-budgetary borrowing of the ‘public sector’ have triggered financial crises time and again, states the <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission main report for 2021-26</a>.</p><p style="text-align:justify"><strong>What does the Union Budget say about EBRs and loans from NSSF?</strong></p><p style="text-align:justify">The budget speech of the Minister of Finance reveals that apart from providing the figures related to borrowings of the Union Government agencies that went towards funding Government of India's schemes/ programmes, and whose repayment burden was on the Government, the loans provided by the Government to FCI have also been disclosed in the latest budget.</p><p style="text-align:justify"><strong>Table 2 (a): Statement of Extra-Budgetary Resources (EBRs) (Govt. fully serviced bonds, NSSF loan and other resources)</strong></p><p style="text-align:justify"><img alt="" src="/upload/images/Table%202a%20Statement%20of%20Extra%20Budgetary%20Resources.jpg" style="height:1000px; width:729px" /></p><p style="text-align:justify"><em><strong>Source: </strong>Union Budget 2021-22 Speech dated 1st February, 2021, please <a href="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf" title="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf">click here</a> to access </em><br /><strong>---</strong></p><p style="text-align:justify">Clearly, the Statement of Extra-Budgetary Resources (i.e. table-2a) indicates that the EBRs mobilised through issuance of Government fully serviced bonds were Rs. 9,167.00 crore in 2016-17, Rs. 15,095.00 crore in 2017-18, Rs. 65,602.10 crore in 2018-19, Rs. 22,006.30 crore in 2019-20, Rs. 31,459.29 crore in 2020-21 (R.E.) and nil in 2021-22 (B.E.).</p><p style="text-align:justify"><strong>Table 2 (b): Financial support extended through loans from NSSF (in Rs. crore)</strong></p><p style="text-align:justify"><img alt="" src="/upload/images/Table%202b%20Financial%20support%20extended%20through%20loans%20from%20NSSF.jpg" style="height:884px; width:753px" /></p><p style="text-align:justify"><em><strong>Source: </strong>Union Budget 2021-22 Speech dated 1st February, 2021, please <a href="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf" title="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf">click here</a> to access </em><br /><strong>---</strong></p><p style="text-align:justify">Table-2b shows that the financial support extended through loans from NSSF was Rs. 70,000.00 crore in 2016-17, Rs. 73,000.00 crore in 2017-18, Rs. 97,000.00 crore in 2018-19, Rs. 1,26,310.00 in 2019-20, Rs. 94,636.00 crore in 2020-21 (R.E.) and Rs. 30,000.00 crore in 2021-22 (B.E.). The grand total support through both EBRs and loans from NSSF was Rs. 79,167.00 crore in 2016-17, Rs. 88,095.00 crore in 2017-18, Rs. 1,62,602.10 crore in 2018-19, Rs. 1,48,316.13 crore in 2019-20, Rs. 1,26,095.29 crore in 2020-21 (R.E.) and Rs. 30,000.00 crore in 2021-22 (B.E.).</p><p style="text-align:justify"><strong><em>References</em></strong></p><p style="text-align:justify">Fifteenth Finance Commission Volume-I Main Report, Report for 2021-26, October 2020, presented to the Parliament on 1st February, 2021, please <a href="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">click here</a> to access</p><p style="text-align:justify">All reports of Fifteenth Finance Commission for 2021-26, please <a href="https://fincomindia.nic.in/WriteReadData/html_en_files/15thFcReportIndex.html" title="https://fincomindia.nic.in/WriteReadData/html_en_files/15thFcReportIndex.html">click here</a> to access</p><p style="text-align:justify">Notes on Demands for Grants, 2021-2022, Department of Food and Public Distribution, please <a href="/upload/files/FCI%20demand%20for%20grants%202021-22.pdf" title="/upload/files/FCI%20demand%20for%20grants%202021-22.pdf">click here</a> to read more</p><p style="text-align:justify">Union Budget 2021-22 Speech dated 1st February, 2021, please <a href="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf" title="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf">click here</a> to access</p><p style="text-align:justify">Video: Presentation of the Union Budget by Finance Minister Nirmala Sitharaman 2021-2022, Doordarshan National, please <a href="https://www.youtube.com/watch?v=94aOjakOCD0" title="https://www.youtube.com/watch?v=94aOjakOCD0">click here</a> to access <em>(accessed on 4 February, 2021)</em></p><p style="text-align:justify"><strong>Image Courtesy: Doordarshan National YouTube Channel, please <a href="https://www.youtube.com/watch?v=94aOjakOCD0" title="https://www.youtube.com/watch?v=94aOjakOCD0">click here</a> to access</strong></p><p style="text-align:justify"> </p>
</div>
</td>
</tr>
</table>
</div>
</div>
</div>
<div class="clear"></div>
<div style="padding-top: 18px;">
<p class="post-tag">Tagged with:
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=15th Finance Commission"
title="15th Finance Commission">
15th Finance Commission </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Fertilizer Subsidy"
title="Fertilizer Subsidy">
Fertilizer Subsidy </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=FFC"
title="FFC">
FFC </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Fifteenth Finance Commission"
title="Fifteenth Finance Commission">
Fifteenth Finance Commission </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Food Corporation of India"
title="Food Corporation of India">
Food Corporation of India </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Food Subsidy"
title="Food Subsidy">
Food Subsidy </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Outstanding Liabilities"
title="Outstanding Liabilities">
Outstanding Liabilities </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Union Budget"
title="Union Budget">
Union Budget </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Union Budget 2021-22"
title="Union Budget 2021-22">
Union Budget 2021-22 </a>
</p>
</div>
<div class="clear"></div>
<br><br>
<div class="widget-top">
<h4>Related Articles</h4>
<div class="stripe-line"></div>
</div>
<div class="widget-container">
<ul id="recentcomments">
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/india-allows-early-wheat-procurement-by-states-to-avert-distress-sale-by-farmers-shloka-badkar.html"
title="India allows early wheat procurement by states to avert distress sale by farmers - Shloka Badkar">
India allows early wheat procurement by states to avert distress sale by farmers - Shloka Badkar </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/unseasonal-rains-and-hail-damage-crops-in-india-mayank-bharadwaj.html"
title="Unseasonal rains and hail damage crops in India - Mayank Bharadwaj">
Unseasonal rains and hail damage crops in India - Mayank Bharadwaj </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/wheat-procurement-target-at-34-15-million-tonnes-for-2023-24-pti-the-print.html"
title="Wheat procurement target at 34.15 million tonnes for 2023-24 - PTI/The Print">
Wheat procurement target at 34.15 million tonnes for 2023-24 - PTI/The Print </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/government-sells-rs-900-crore-of-wheat-to-counter-food-price-spike-ravi-dutta-mishra.html"
title="Government sells Rs. 900 crore of wheat to counter food price spike - Ravi Dutta Mishra">
Government sells Rs. 900 crore of wheat to counter food price spike - Ravi Dutta Mishra </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/costly-wheat-and-the-cloud-over-our-daily-bread-sayantan-bera.html"
title="Costly wheat and the cloud over our daily bread - Sayantan Bera">
Costly wheat and the cloud over our daily bread - Sayantan Bera </a>
</li>
</ul>
</div>
<div class="comment-respond" id="respond">
<a name="commentbox"> </a>
<h3 class="comment-reply-title" id="reply-title">Write Comments</h3>
<form method="post" accept-charset="utf-8" role="form" action="/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html"><div style="display:none;"><input type="hidden" name="_method" value="POST"/></div> <form class="comment-form" id="commentform" method="post" action="#commentbox" onSubmit="return validate()"
name="cmtform">
<input type="hidden" name="cmttype" value="articlecmt"/>
<input type="hidden" name="article_id" value="58425"/>
<p class="comment-notes">Your email address will not be published. Required fields are marked <span
class="required">*</span></p>
<p class="comment-form-author">
<label for="commenterName">Name</label>
<span class="required">*</span>
<input type="text" aria-required="true" size="30"
value=""
name="commenterName" id="commenterName" required="true">
</p>
<p class="comment-form-email">
<label for="commenterEmail">Email</label> <span class="required">*</span>
<input aria-required="true" size="30" name="commenterEmail" id="commenterEmail" type="email"
value=""
required="true">
</p>
<p class="comment-form-contact">
<label for="commenterPh">Contact No.</label>
<input type="text" size="30"
value=""
name="commenterPh" id="commenterPh">
</p>
<p class="comment-form-comment">
<label for="comment">Comment</label>
<textarea aria-required="true" required="true" rows="8" cols="45" name="comment"
id="comment"></textarea>
</p>
<p class="comment-form-comment">
<label for="comment">Type the characters you see in the image below <span class="required">*</span><br><img
class="captchaImg"
src="https://im4change.in/securimage_show_art.php?tk=1514942616" alt="captcha"/>
</label>
</p>
<input type="text" name="vrcode" required="true"/>
<p class="form-submit" style="width: 200px;">
<input type="submit" value="Post Comment" id="submit" name="submit">
</p></form>
</div>
<style>
.ui-widget-content {
height: auto !important;
}
</style>
<div id="share-modal"></div>
<style>
.middleContent a{
background-color: rgba(108,172,228,.2);
}
.middleContent a:hover{
background-color: #418fde;
border-color: #418fde;
color: #000;
}
</style>
<script>
function shareArticle(article_id) {
var options = {
modal: true,
height: 'auto',
width: 600 + 'px'
};
$('#share-modal').html("");
$('#share-modal').load('https://im4change.in/share_article?article_id=' + article_id).dialog(options).dialog('open');
}
function postShare() {
var param = 'article_id=' + $("#article_id").val();
param = param + '&y_name=' + $("#y_name").val();
param = param + '&y_email=' + $("#y_email").val();
param = param + '&f_name=' + $("#f_name").val();
param = param + '&f_email=' + $("#f_email").val();
param = param + '&y_msg=' + $("#y_msg").val();
$.ajax({
type: "POST",
url: 'https://im4change.in/post_share_article',
data: param,
success: function (response) {
$('#share-modal').html("Thank You, Your message posted to ");
}
});
return false;
}
</script> </div>
</div>
<!-- Right Side Section Start -->
<!-- MAP Section START -->
<aside class="sidebar indexMarg">
<div class="ad-cell">
<a href="https://im4change.in/statemap.php" title="">
<img src="https://im4change.in/images/map_new_version.png?1582080666" alt="India State Map" class="indiamap" width="232" height="252"/> </a>
<div class="rightmapbox">
<div id="sideOne" class="docltitle"><a href="https://im4change.in/state-report/india/36" target="_blank">DOCUMENTS/
REPORTS</a></div>
<div id="sideTwo" class="statetitle"><a href="https://im4change.in/states.php"target="_blank">STATE DATA/
HDRs.</a></div>
</div>
<div class="widget widgePadTop"></div>
</div>
</aside>
<!-- MAP Section END -->
<aside class="sidebar sidePadbottom">
<div class="rightsmlbox1" >
<a href="https://im4change.in/knowledge_gateway" target="_blank" style="color: #035588;
font-size: 17px;">
KNOWLEDGE GATEWAY
</a>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title">
<a href="https://im4change.in/newsletter" target="_blank">
NEWSLETTER
</a>
</p>
</div>
</div>
<div class="rightsmlbox1" style="height: 325px;">
<div>
<p class="rightsmlbox1_title">
Interview with Prof. Ravi Srivastava
</p>
<p class="rightsmlbox1_title">
<a href="https://im4change.in/video/interview-with-prof-ravi-srivastava-on-current-economic-crisis">
<img width="250" height="200" src="/images/interview_video_home.jpg" alt="Interview with Prof. Ravi Srivastava"/>
</a>
<!--
<iframe width="250" height="200" src="https://www.youtube.com/embed/MmaTlntk-wc" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen=""></iframe>-->
</p>
<a href="https://im4change.in/videogallery" class="more-link CatArchalAnch1" target="_blank">
More videos
</a>
</div>
</div>
<div class="rightsmlbox1">
<div>
<!--div id="sstory" class="rightboxicons"></div--->
<p class="rightsmlbox1_title"><a href="https://im4change.in/list-success-stories" target="_blank">Success Stories</a></p>
</div>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title"><a
href="https://im4change.in/interviews" target="_blank">Interviews</a>
</p>
</div>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title"><a href="https://www.commoncause.in/page.php?id=10" >Donate</a></p>
</div>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title"><a
href="https://im4change.in/marquee"
class="isf_link more-link" title="India Focus?" style="border: 4px solid #fdd922;width: 90%;background-color: #fdd922;text-align: center;color: #000000;font-size:18px" target="_blank">India Focus</a></p> </div>
</div>
<div class="rightsmlbox1" style="height: 104px !important;">
<a href="https://im4change.in/quarterly_reports.php" target="_blank">
Quarterly Reports on Effect of Economic Slowdown on Employment in India (2008 - 2015)
</a>
</div>
<!-- <div class="rightsmlbox1">
<a href="https://play.google.com/store/apps/details?id=com.im4.im4change" target="_blank">
</a></div> -->
<!-- <section class="cat-box recent-box secMarg">
<h2 class="cat-box-title">Most Visited</h2>
</section> -->
<!-- accordion Starts here -->
<!-- <div id="accordion" class="accordMarg">
</div> -->
<!-- accordion ends here -->
<!-- Widget Tag Cloud Starts here -->
<div id="tag_cloud-2" class="widget widget_tag_cloud">
<section class="cat-box recent-box secMarg">
<h2 class="cat-box-title">MOST VISITED TAGS</h2>
</section>
<div class="widget-top wiPdTp">
<div class="stripe-line"></div>
</div>
<div class="widget-container">
<div class="tagcloud">
<a href="https://im4change.in/search?qryStr=Agriculture"
target="_blank" class="tag-link-4 font4">Agriculture</a>
<a href="https://im4change.in/search?qryStr=Food Security"
target="_blank" class="tag-link-4 font4">Food Security</a>
<a href="https://im4change.in/search?qryStr=Law and Justice"
target="_blank" class="tag-link-4 font4">Law and Justice</a>
<a href="https://im4change.in/search?qryStr=Health"
target="_blank" class="tag-link-4 font4">Health</a>
<a href="https://im4change.in/search?qryStr=Right to Food"
target="_blank" class="tag-link-4 font4">Right to Food</a>
<a href="https://im4change.in/search?qryStr=Corruption"
target="_blank" class="tag-link-4 font4">Corruption</a>
<a href="https://im4change.in/search?qryStr=farming"
target="_blank" class="tag-link-4 font4">farming</a>
<a href="https://im4change.in/search?qryStr=Environment"
target="_blank" class="tag-link-4 font4">Environment</a>
<a href="https://im4change.in/search?qryStr=Right to Information"
target="_blank" class="tag-link-4 font4">Right to Information</a>
<a href="https://im4change.in/search?qryStr=NREGS"
target="_blank" class="tag-link-4 font4">NREGS</a>
<a href="https://im4change.in/search?qryStr=Human Rights"
target="_blank" class="tag-link-4 font4">Human Rights</a>
<a href="https://im4change.in/search?qryStr=Governance"
target="_blank" class="tag-link-4 font4">Governance</a>
<a href="https://im4change.in/search?qryStr=PDS"
target="_blank" class="tag-link-4 font4">PDS</a>
<a href="https://im4change.in/search?qryStr=COVID-19"
target="_blank" class="tag-link-4 font4">COVID-19</a>
<a href="https://im4change.in/search?qryStr=Land Acquisition"
target="_blank" class="tag-link-4 font4">Land Acquisition</a>
<a href="https://im4change.in/search?qryStr=mgnrega"
target="_blank" class="tag-link-4 font4">mgnrega</a>
<a href="https://im4change.in/search?qryStr=Farmers"
target="_blank" class="tag-link-4 font4">Farmers</a>
<a href="https://im4change.in/search?qryStr=transparency"
target="_blank" class="tag-link-4 font4">transparency</a>
<a href="https://im4change.in/search?qryStr=Gender"
target="_blank" class="tag-link-4 font4">Gender</a>
<a href="https://im4change.in/search?qryStr=Poverty"
target="_blank" class="tag-link-4 font4">Poverty</a>
<a href="https://im4change.in/search?qryStr=Farm Laws" target="_blank" class="tag-link-4 font4">Farm Laws
</a>
<a href="https://im4change.in/search?qryStr=Citizenship Amendment Act" target="_blank" class="tag-link-4 font4">Citizenship Amendment Act
</a>
<a href="https://im4change.in/search?qryStr=CAA NPR NRIC" target="_blank" class="tag-link-4 font4">CAA NPR NRIC
</a>
<a href="https://im4change.in/search?qryStr=Job Losses" target="_blank" class="tag-link-4 font4">Job Losses
</a>
<a href="https://im4change.in/search?qryStr=Migrant Workers" target="_blank" class="tag-link-4 font4">Migrant Workers
</a>
<a href="https://im4change.in/search?qryStr=Unemployment" target="_blank" class="tag-link-4 font4">Unemployment
</a>
<a href="https://im4change.in/search?qryStr=PMGKAY" target="_blank" class="tag-link-4 font4">PMGKAY
</a>
<a href="https://im4change.in/search?qryStr=PM-KISAN" target="_blank" class="tag-link-4 font4">PM-KISAN
</a>
<a href="https://im4change.in/search?qryStr=PM-CARES" target="_blank" class="tag-link-4 font4">PM-CARES
</a>
<a href="https://im4change.in/search?qryStr=LFPR" target="_blank" class="tag-link-4 font4">LFPR
</a>
</div>
</div>
</div>
<!-- Widget Tag Cloud Ends here -->
</aside>
<!-- Right Side Section End -->
</div>
<section class="cat-box cats-review-box footerSec">
<h2 class="cat-box-title vSec CatArcha">Video
Archives</h2>
<h2 class="cat-box-title CatArchaTitle">Archives</h2>
<div class="cat-box-content">
<div class="reviews-cat">
<div class="CatArchaDiv1">
<div class="CatArchaDiv2">
<ul>
<li>
<a href="https://im4change.in/news-alerts-57/moving-upstream-luni-fellowship.html" target="_blank">
Moving Upstream: Luni – Fellowship </a>
</li>
<li>
<a href="https://im4change.in/news-alerts-57/135-million-indians-exited-multidimensional-poverty-as-per-government-figures-is-that-the-same-as-poverty-reduction.html" target="_blank">
135 Million Indians Exited “Multidimensional" Poverty as per Government... </a>
</li>
<li>
<a href="https://im4change.in/news-alerts-57/explainer-why-are-tomato-prices-on-fire.html" target="_blank">
Explainer: Why are Tomato Prices on Fire? </a>
</li>
<li>
<a href="https://im4change.in/news-alerts-57/nsso-survey-only-39-1-of-all-households-have-drinking-water-within-dwelling-46-7-of-rural-households-use-firewood-for-cooking.html" target="_blank">
NSSO Survey: Only 39.1% of all Households have Drinking... </a>
</li>
<li class="CatArchalLi1">
<a href="https://im4change.in/news-alerts-57"
class="more-link CatArchalAnch1" target="_blank">
More...
</a>
</li>
</ul>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/I51LYnP8BOk/1.jpg"
alt=" Im4Change.org हिंदी वेबसाइट का परिचय. Short Video on im4change.org...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Short-Video-on-im4change-Hindi-website-Inclusive-Media-for-Change" target="_blank">
Im4Change.org हिंदी वेबसाइट का परिचय. Short Video on im4change.org... </a>
</p>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/kNqha-SwfIY/1.jpg"
alt=" "Session 1: Scope of IDEA and AgriStack" in Exploring...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Session-1- Scope-of-IDEA-and-AgriStack-in-Exploring-Digitalisation-in-Agriculture-29-April-2022" target="_blank">
"Session 1: Scope of IDEA and AgriStack" in Exploring... </a>
</p>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/6kIVjlgZItk/1.jpg"
alt=" "Session 2: Farmer Centric Digitalisation in Agriculture" in Exploring...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Session-2-Farmer-Centric-Digitalisation-in-Agriculture-in-Exploring-Digitalisation-in-Agriculture-29-April-2022" target="_blank">
"Session 2: Farmer Centric Digitalisation in Agriculture" in Exploring... </a>
</p>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/2BeHTu0y7xc/1.jpg"
alt=" "Session 3: Future of Digitalisation in Agriculture" in Exploring...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Session-3-Future-of-Digitalisation-in-Agriculture-in-Exploring-Digitalisation-in-Agriculture-29-April-2022" target="_blank">
"Session 3: Future of Digitalisation in Agriculture" in Exploring... </a>
</p>
</div>
<div class="divWidth">
<ul class="divWidthMarg">
<li>
<a href="https://im4change.in/video/Public-Spending-on-Agriculture-in-India-Source-Foundation-for-Agrarian-Studies"
title="Public Spending on Agriculture in India (Source: Foundation for Agrarian Studies)" target="_blank">
Public Spending on Agriculture in India (Source: Foundation for...</a>
</li>
<li>
<a href="https://im4change.in/video/Agrarian-Change-Seminar-Protests-against-the-New-Farm-Laws-in-India-by-Prof-Vikas-Rawal-JNU-Source-Journal-Of-Agrarian-Change"
title="Agrarian Change Seminar: 'Protests against the New Farm Laws in India' by Prof. Vikas Rawal, JNU (Source: Journal Of Agrarian Change) " target="_blank">
Agrarian Change Seminar: 'Protests against the New Farm Laws...</a>
</li>
<li>
<a href="https://im4change.in/video/Webinar-Ramrao-The-Story-of-India-Farm-Crisis-Source-Azim-Premji-University"
title="Webinar: Ramrao - The Story of India's Farm Crisis (Source: Azim Premji University)" target="_blank">
Webinar: Ramrao - The Story of India's Farm Crisis...</a>
</li>
<li>
<a href="https://im4change.in/video/water-and-agricultural-transformation-in-India"
title="Water and Agricultural Transformation in India: A Symbiotic Relationship (Source: IGIDR)" target="_blank">
Water and Agricultural Transformation in India: A Symbiotic Relationship...</a>
</li>
<li class="CatArchalLi1">
<a href="https://im4change.in/videogallery"
class="more-link CatArchalAnch1" target="_blank">
More...
</a>
</li>
</ul>
</div>
</div>
</div>
</div>
</section> </div>
<div class="clear"></div>
<!-- Footer option Starts here -->
<div class="footer-bottom fade-in animated4">
<div class="container">
<div class="social-icons icon_flat">
<p class="SocialMargTop"> Website Developed by <a target="_blank" title="Web Development"
class="wot right"
href="http://www.ravinderkhurana.com/" rel="nofollow">
RAVINDErkHURANA.com</a></p>
</div>
<div class="alignleft">
<a
target="_blank" href="https://im4change.in/objectives-8.html"
class="link"
title="Objectives">Objectives</a> | <a
target="_blank" href="https://im4change.in/about-us-9.html"
class="link" title="About Us">About Us</a> | <a
target="_blank" href="https://im4change.in/media-workshops.php"
class="ucwords">Workshops</a> | <a
target="_blank" href="https://im4change.in/disclaimer/disclaimer-149.html"
title="Disclaimer">Disclaimer</a> </div>
</div>
</div>
<!-- Footer option ends here -->
</div>
<div id="connect">
<a target="_blank"
href="http://www.facebook.com/sharer.php?u=https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html"
title="Share on Facebook">
<img src="https://im4change.in/images/Facebook.png?1582080640" alt="share on Facebook" class="ImgBorder"/>
</a><br/>
<a target="_blank"
href="http://twitter.com/share?text=Im4change&url=https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html"
title="Share on Twitter">
<img src="https://im4change.in/images/twitter.png?1582080632" alt="Twitter" class="ImgBorder"/> </a>
<br/>
<a href="/feeds" title="RSS Feed" target="_blank">
<img src="https://im4change.in/images/rss.png?1582080632" alt="RSS" class="ImgBorder"/>
</a>
<br/>
<a class="feedback-link" id="feedbackFormLink" href="#">
<img src="https://im4change.in/images/feedback.png?1582080630" alt="Feedback" class="ImgBorder"/>
</a> <br/>
<a href="javascript:function iprl5(){var d=document,z=d.createElement('scr'+'ipt'),b=d.body,l=d.location;try{if(!b)throw(0);d.title='(Saving...) '+d.title;z.setAttribute('src',l.protocol+'//www.instapaper.com/j/WKrH3R7ORD5p?u='+encodeURIComponent(l.href)+'&t='+(new Date().getTime()));b.appendChild(z);}catch(e){alert('Please wait until the page has loaded.');}}iprl5();void(0)"
class="bookmarklet" onclick="return explain_bookmarklet();">
<img src="https://im4change.in/images/read-it-later.png?1582080632" alt="Read Later" class="ImgBorder"/> </a>
</div>
<!-- Feedback form Starts here -->
<div id="feedbackForm" class="overlay_form" class="ImgBorder">
<h2>Contact Form</h2>
<div id="contactform1">
<div id="formleft">
<form id="submitform" action="/contactus.php" method="post">
<input type="hidden" name="submitform" value="submitform"/>
<input type="hidden" name="salt_key" value="a0e0f2c6a0644a70e57ad2c96829709a"/>
<input type="hidden" name="ref" value="feedback"/>
<fieldset>
<label>Name :</label>
<input type="text" name="name" class="tbox" required/>
</fieldset>
<fieldset>
<label>Email :</label>
<input type="text" name="email" class="tbox" required/>
</fieldset>
<fieldset>
<label>Message :</label>
<textarea rows="5" cols="20" name="message" required></textarea>
</fieldset>
<fieldset>
Please enter security code
<div class="clear"></div>
<input type="text" name="vrcode" class="tbox"/>
</fieldset>
<fieldset>
<input type="submit" class="button" value="Submit"/>
<a href="#" id="closefeedbakcformLink">Close</a>
</fieldset>
</form>
</div>
<div class="clearfix"></div>
</div>
</div>
<div id="donate_popup" class="modal" style="max-width: 800px;">
<table width="100%" border="1">
<tr>
<td colspan="2" align="center">
<b>Support im4change</b>
</td>
</tr>
<tr>
<td width="25%" valign="middle">
<img src="https://im4change.in/images/logo2.jpg?1582080632" alt="" width="100%"/> </td>
<td style="padding-left:10px;padding-top:10px;">
<form action="https://im4change.in/donate" method="get">
<table width="100%" cellpadding="2" cellspacing="2">
<tr>
<td width="33%" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
10
</td>
<td width="33%" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
100
</td>
<td width="33%" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
1000
</td>
</tr>
<tr>
<td colspan="3">
</td>
</tr>
<tr>
<td style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
50
</td>
<td style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
500
</td>
<td style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
<input type="text" name="price" placeholder="?" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
</td>
</tr>
<tr>
<td colspan="3">
</td>
</tr>
<tr>
<td colspan="3" align="right">
<input type="button" name="Pay" value="Pay"
style="width: 200px;background-color: rgb(205, 35, 36);color: #ffffff;"/>
</td>
</tr>
</table>
</form>
</td>
</tr>
</table>
</div><script type='text/javascript'>
/* <![CDATA[ */
var tievar = {'go_to': 'Go to...'};
/* ]]> */
</script>
<script src="/js/tie-scripts.js?1575549704"></script><script src="/js/bootstrap.js?1575549704"></script><script src="/js/jquery.modal.min.js?1578284310"></script><script>
$(document).ready(function() {
// tell the autocomplete function to get its data from our php script
$('#s').autocomplete({
source: "/autocomplete"
});
});
</script>
<script src="/vj-main-sw-register.js" async></script>
<script>function init(){var imgDefer=document.getElementsByTagName('img');for(var i=0;i<imgDefer.length;i++){if(imgDefer[i].getAttribute('data-src')){imgDefer[i].setAttribute('src',imgDefer[i].getAttribute('data-src'))}}}
window.onload=init;</script>
</body>
</html>'
}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
$response = object(Cake\Http\Response) {
'status' => (int) 200,
'contentType' => 'text/html',
'headers' => [
'Content-Type' => [
[maximum depth reached]
]
],
'file' => null,
'fileRange' => [],
'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
'cacheDirectives' => [],
'body' => '<!DOCTYPE html>
<!--[if lt IE 7 ]>
<html class="ie ie6" lang='en'> <![endif]-->
<!--[if IE 7 ]>
<html class="ie ie7" lang='en'> <![endif]-->
<!--[if IE 8 ]>
<html class="ie ie8" lang='en'> <![endif]-->
<!--[if (gte IE 9)|!(IE)]><!-->
<html lang='en'>
<!--<![endif]-->
<head><meta http-equiv="Content-Type" content="text/html; charset=utf-8">
<title>
NEWS ALERTS | Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22 </title>
<meta name="description" content="
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'.
The budget documents for Union..."/>
<meta name="keywords" content="15th Finance Commission,Fertilizer Subsidy,FFC,Fifteenth Finance Commission,Food Corporation of India,Food Subsidy,Outstanding Liabilities,Union Budget,Union Budget 2021-22"/>
<meta name="news_keywords" content="15th Finance Commission,Fertilizer Subsidy,FFC,Fifteenth Finance Commission,Food Corporation of India,Food Subsidy,Outstanding Liabilities,Union Budget,Union Budget 2021-22">
<link rel="alternate" type="application/rss+xml" title="ROR" href="/ror.xml"/>
<link rel="alternate" type="application/rss+xml" title="RSS 2.0" href="/feeds/"/>
<link rel="stylesheet" href="/css/bootstrap.min.css?1697864993"/> <link rel="stylesheet" href="/css/style.css?v=1.1.2"/> <link rel="stylesheet" href="/css/style-inner.css?1577045210"/> <link rel="stylesheet" id="Oswald-css"
href="https://fonts.googleapis.com/css?family=Oswald%3Aregular%2C700&ver=3.8.1" type="text/css"
media="all">
<link rel="stylesheet" href="/css/jquery.modal.min.css?1578285302"/> <script src="/js/jquery-1.10.2.js?1575549704"></script> <script src="/js/jquery-migrate.min.js?1575549704"></script> <link rel="shortcut icon" href="/favicon.ico" title="Favicon">
<link rel="stylesheet" href="/css/jquery-ui.css?1580720609"/> <script src="/js/jquery-ui.js?1575549704"></script> <link rel="preload" as="style" href="https://www.im4change.org/css/custom.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel="preload" as="style" href="https://www.im4change.org/css/jquery.modal.min.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel="preload" as="style" href="https://www.im4change.org/css/jquery-ui.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel="preload" as="style" href="https://www.im4change.org/css/li-scroller.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<!-- <link rel="preload" as="style" href="https://www.im4change.org/css/style.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous"> -->
<link rel="preload" as="style" href="https://www.im4change.org/css/style-inner.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel='dns-prefetch' href="//im4change.org/css/custom.css" crossorigin >
<link rel="preload" as="script" href="https://www.im4change.org/js/bootstrap.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery.li-scroller.1.0.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery.modal.min.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery.ui.totop.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery-1.10.2.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery-migrate.min.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery-ui.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/setting.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/tie-scripts.js">
<!--[if IE]>
<script type="text/javascript">jQuery(document).ready(function () {
jQuery(".menu-item").has("ul").children("a").attr("aria-haspopup", "true");
});</script>
<![endif]-->
<!--[if lt IE 9]>
<script src="/js/html5.js"></script>
<script src="/js/selectivizr-min.js"></script>
<![endif]-->
<!--[if IE 8]>
<link rel="stylesheet" type="text/css" media="all" href="/css/ie8.css"/>
<![endif]-->
<meta property="og:title" content="NEWS ALERTS | Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22" />
<meta property="og:url" content="https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html" />
<meta property="og:type" content="article" />
<meta property="og:description" content="
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'.
The budget documents for Union..." />
<meta property="og:image" content="" />
<meta property="fb:app_id" content="0" />
<meta name="viewport" content="width=device-width, initial-scale=1, maximum-scale=1, user-scalable=no">
<link rel="apple-touch-icon-precomposed" sizes="144x144" href="https://im4change.in/images/apple1.png">
<link rel="apple-touch-icon-precomposed" sizes="120x120" href="https://im4change.in/images/apple2.png">
<link rel="apple-touch-icon-precomposed" sizes="72x72" href="https://im4change.in/images/apple3.png">
<link rel="apple-touch-icon-precomposed" href="https://im4change.in/images/apple4.png">
<style>
.gsc-results-wrapper-overlay{
top: 38% !important;
height: 50% !important;
}
.gsc-search-button-v2{
border-color: #035588 !important;
background-color: #035588 !important;
}
.gsib_a{
height: 30px !important;
padding: 2px 8px 1px 6px !important;
}
.gsc-search-button-v2{
height: 41px !important;
}
input.gsc-input{
background: none !important;
}
@media only screen and (max-width: 600px) {
.gsc-results-wrapper-overlay{
top: 11% !important;
width: 87% !important;
left: 9% !important;
height: 43% !important;
}
.gsc-search-button-v2{
padding: 10px 10px !important;
}
.gsc-input-box{
height: 28px !important;
}
/* .gsib_a {
padding: 0px 9px 4px 9px !important;
}*/
}
@media only screen and (min-width: 1200px) and (max-width: 1920px) {
table.gsc-search-box{
width: 15% !important;
float: right !important;
margin-top: -118px !important;
}
.gsc-search-button-v2 {
padding: 6px !important;
}
}
</style>
<script>
$(function () {
$("#accordion").accordion({
event: "click hoverintent"
});
});
/*
* hoverIntent | Copyright 2011 Brian Cherne
* http://cherne.net/brian/resources/jquery.hoverIntent.html
* modified by the jQuery UI team
*/
$.event.special.hoverintent = {
setup: function () {
$(this).bind("mouseover", jQuery.event.special.hoverintent.handler);
},
teardown: function () {
$(this).unbind("mouseover", jQuery.event.special.hoverintent.handler);
},
handler: function (event) {
var currentX, currentY, timeout,
args = arguments,
target = $(event.target),
previousX = event.pageX,
previousY = event.pageY;
function track(event) {
currentX = event.pageX;
currentY = event.pageY;
}
;
function clear() {
target
.unbind("mousemove", track)
.unbind("mouseout", clear);
clearTimeout(timeout);
}
function handler() {
var prop,
orig = event;
if ((Math.abs(previousX - currentX) +
Math.abs(previousY - currentY)) < 7) {
clear();
event = $.Event("hoverintent");
for (prop in orig) {
if (!(prop in event)) {
event[prop] = orig[prop];
}
}
// Prevent accessing the original event since the new event
// is fired asynchronously and the old event is no longer
// usable (#6028)
delete event.originalEvent;
target.trigger(event);
} else {
previousX = currentX;
previousY = currentY;
timeout = setTimeout(handler, 100);
}
}
timeout = setTimeout(handler, 100);
target.bind({
mousemove: track,
mouseout: clear
});
}
};
</script>
<script type="text/javascript">
var _gaq = _gaq || [];
_gaq.push(['_setAccount', 'UA-472075-3']);
_gaq.push(['_trackPageview']);
(function () {
var ga = document.createElement('script');
ga.type = 'text/javascript';
ga.async = true;
ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js';
var s = document.getElementsByTagName('script')[0];
s.parentNode.insertBefore(ga, s);
})();
</script>
<link rel="stylesheet" href="/css/custom.css?v=1.16"/> <script src="/js/jquery.ui.totop.js?1575549704"></script> <script src="/js/setting.js?1575549704"></script> <link rel="manifest" href="/manifest.json">
<meta name="theme-color" content="#616163" />
<meta name="apple-mobile-web-app-capable" content="yes">
<meta name="apple-mobile-web-app-status-bar-style" content="black">
<meta name="apple-mobile-web-app-title" content="im4change">
<link rel="apple-touch-icon" href="/icons/logo-192x192.png">
</head>
<body id="top" class="home inner blog">
<div class="background-cover"></div>
<div class="wrapper animated">
<header id="theme-header" class="header_inner" style="position: relative;">
<div class="logo inner_logo" style="left:20px !important">
<a title="Home" href="https://im4change.in/">
<img src="https://im4change.in/images/logo2.jpg?1582080632" class="logo_image" alt="im4change"/> </a>
</div>
<div class="langhindi" style="color: #000;display:none;"
href="https://im4change.in/">
<a class="more-link" href="https://im4change.in/">Home</a>
<a href="https://im4change.in/hindi/" class="langbutton ">हिन्दी</a>
</div>
<nav class="fade-in animated2" id="main-nav">
<div class="container">
<div class="main-menu">
<ul class="menu" id="menu-main">
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"
style="left: -40px;"><a
target="_blank" href="https://im4change.in/">Home</a>
</li>
<li class="menu-item mega-menu menu-item-type-taxonomy mega-menu menu-item-object-category mega-menu menu-item-has-children parent-list"
style=" margin-left: -40px;"><a href="#">KNOWLEDGE GATEWAY <span class="sub-indicator"></span>
</a>
<div class="mega-menu-block background_menu" style="padding-top:25px;">
<div class="container">
<div class="mega-menu-content">
<div class="mega-menu-item">
<h3><b>Farm Crisis</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/farmers039-suicides-14.html"
class="left postionrel">Farm Suicides </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/unemployment-30.html"
class="left postionrel">Unemployment </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/rural-distress-70.html"
class="left postionrel">Rural distress </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/migration-34.html"
class="left postionrel">Migration </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/key-facts-72.html"
class="left postionrel">Key Facts </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/debt-trap-15.html"
class="left postionrel">Debt Trap </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Empowerment</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/union-budget-73.html"
class="left postionrel">Union Budget And Other Economic Policies </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/forest-and-tribal-rights-61.html"
class="left postionrel">Forest and Tribal Rights </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-education-60.html"
class="left postionrel">Right to Education </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-food-59.html"
class="left postionrel">Right to Food </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/displacement-3279.html"
class="left postionrel">Displacement </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-work-mg-nrega-39.html"
class="left postionrel">Right to Work (MG-NREGA) </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/gender-3280.html"
class="left postionrel">GENDER </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-information-58.html"
class="left postionrel">Right to Information </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/social-audit-48.html"
class="left postionrel">Social Audit </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Hunger / HDI</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/poverty-and-inequality-20499.html"
class="left postionrel">Poverty and inequality </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/malnutrition-41.html"
class="left postionrel">Malnutrition </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/public-health-51.html"
class="left postionrel">Public Health </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/education-50.html"
class="left postionrel">Education </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/hunger-overview-40.html"
class="left postionrel">Hunger Overview </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/hdi-overview-45.html"
class="left postionrel">HDI Overview </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/pds-ration-food-security-42.html"
class="left postionrel">PDS/ Ration/ Food Security </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/sdgs-113.html"
class="left postionrel">SDGs </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/mid-day-meal-scheme-mdms-53.html"
class="left postionrel">Mid Day Meal Scheme (MDMS) </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Environment</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/environment/time-bomb-ticking-52.html"
class="left postionrel">Time Bomb Ticking </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/environment/water-and-sanitation-55.html"
class="left postionrel">Water and Sanitation </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/environment/impact-on-agriculture-54.html"
class="left postionrel">Impact on Agriculture </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Law & Justice</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/social-justice-20500.html"
class="left postionrel">Social Justice </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/access-to-justice-47.html"
class="left postionrel">Access to Justice </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/human-rights-56.html"
class="left postionrel">Human Rights </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/corruption-35.html"
class="left postionrel">Corruption </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/general-insecurity-46.html"
class="left postionrel">General Insecurity </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/disaster-relief-49.html"
class="left postionrel">Disaster & Relief </a>
</p>
</div>
</div>
</div>
</div>
</li>
<li class="menu-item menu-item-type-post_type menu-item-object-page "><a target="_blank" href="https://im4change.in/nceus_reports.php">NCEUS reports</a>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children parent-list ">
<a target="_blank" href="https://im4change.in/about-us-9.html">About Us <span
class="sub-indicator"></span></a>
<ul class="sub-menu aboutmenu">
<li class="menu-item menu-item-type-post_type menu-item-object-page"><a
target="_blank" href="https://im4change.in/objectives-8.html">Objectives</a>
</li>
<li class="menu-item menu-item-type-post_type menu-item-object-page"><a
target="_blank" href="https://im4change.in/contactus.php">Contact
Us</a></li>
<li class="menu-item menu-item-type-post_type menu-item-object-page"><a
target="_blank" href="https://im4change.in/about-us-9.html">About
Us</a></li>
</ul>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children ">
<a target="_blank" href="https://im4change.in/fellowships.php" title="Fellowships">Fellowships</a>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a
target="_blank" href="https://im4change.in/media-workshops.php">Workshops</a>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a
target="_blank" href="https://im4change.in/research.php">Research</a></li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a
target="_blank" href="https://im4change.in/links-64">Partners</a></li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"
id="menu-item-539"><a target="_blank" href="https://im4change.in/hindi/"
class="langbutton langlinkfont17">हिन्दी</a></li>
</ul>
</div> </div>
<!-- <div style="float: right;">
<script async src="https://cse.google.com/cse.js?cx=18b4f2e0f11bed3dd"></script>
<div class="gcse-search"></div>
</div> -->
<div class="search-block" style=" margin-left: 8px; margin-right: 7px;">
<form method="get" id="searchform" name="searchform"
action="https://im4change.in/search"
onsubmit="return searchvalidate();">
<button class="search-button" type="submit" value="Search"></button>
<input type="text" id="s" name="qryStr" value=""
onfocus="if (this.value == 'Search...') {this.value = '';}"
onblur="if (this.value == '') {this.value = 'Search...';}">
</form>
</div>
</nav>
</header>
<div class="container">
<div id="main-content" class=" main1 container fade-in animated3 sidebar-narrow-left">
<div class="content-wrap">
<div class="content" style="width: 900px;min-height: 500px;">
<div class="background_inner innBack" align="center">
<img src="https://im4change.in/images/media/Image union budget.jpg"
alt="Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22"
class="box_shadow mt5 imgRes" style="max-width:500px;"/>
</div>
<section class="cat-box recent-box innerCatRecent">
<h1 class="cat-box-title">Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22</h1>
<a href="JavaScript:void(0);" onclick="return shareArticle(58425);">
<img src="https://im4change.in/images/email.png?1582080630" border="0" width="24" align="right" alt="Share this article"/> </a>
<a href="https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22/print"
rel="nofollow">
<img src="https://im4change.in/images/icon-print.png?1582080630" border="0" width="24" align="right" alt="Share this article"/>
</a>
</section>
<section class="recent-box innerCatRecent">
<small class="pb-1"><span class="dateIcn">
<img src="https://im4change.in/images/published.svg?1582080666" alt="published"/>
Published on</span><span class="text-date"> Feb 4, 2021</span>
<span
class="dateIcn">
<img src="https://im4change.in/images/modified.svg?1582080666" alt="modified"/> Modified on </span><span class="text-date"> May 14, 2021</span>
</small>
</section>
<div class="clear"></div>
<div style="padding-top: 10px;">
<div class="innerLineHeight">
<div class="middleContent innerInput news-alerts-57">
<table>
<tr>
<td>
<div>
<p style="text-align:justify"><br />In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission Main Report</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a>. But first, let us discuss 'fertilizer subsidy'.</p><p style="text-align:justify">The <a href="/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">budget documents</a> for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 1,33,947 crore in 2020-21</a> (revised estimate) to <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 79,530 crore in 2021-22</a> (budget estimate). However, the budgetary allocation on ‘fertilizer subsidy’ was <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 71,309 crore in 2020-21 (B.E.)</a>, which is almost half of the revised estimate figure for 2020-21. The large difference between B.E. and R.E. figures for expenditure on 'fertilizer subsidy' in 2020-21 occurred on account of change in the accounting practice <em>[as recommended by the Comptroller and Auditor General (CAG) of India and the 15th Finance Commission, among others]</em>, and moving away from the 'off-budget financing' mode to a more transparent way of depicting expenditure under that head.</p><p style="text-align:justify">It needs to be mentioned here that the Union Government resorted to Special Banking Arrangement (SBA) in order to meet the liquidity requirements of fertilizer companies arising out of the 'fertilizer subsidy', which is announced in every year's Union Budget. The main <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">report of the 15th Finance Commission</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a>, which was presented in the Parliament on 1st February, 2021, explains that the SBA is short-term credit from public sector banks to meet the mismatch in budget allocations and actual amount due at the end of the financial year. The Union Government pays interest to banks at the G-Sec rate and the interest above the G-sec rate is borne by the fertilizer companies. The stock of extra-budgetary resources pertaining to fertilizer subsidies as of March 2020 was nearly Rs. 40,000 crore.</p><p style="text-align:justify">Now, let us turn our attention to discuss ‘food subsidy’. <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Budget documents</a> released for 2021-22 indicate that the spending on ‘food subsidy’ was trimmed from <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 4,22,618 crore in 2020-21 (R.E.)</a> down to <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 2,42,836 crore in 2021-22 (B.E.)</a>. The budgetary allocation on ‘food subsidy’ was <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 1,15,570 crore in 2020-21 (B.E.)</a>, which is almost a quarter of the revised estimate figure for 2020-21. The <a href="/upload/files/FCI%20demand%20for%20grants%202021-22%281%29.pdf" title="/upload/files/FCI%20demand%20for%20grants%202021-22%281%29.pdf">huge difference between B.E. and R.E. figures</a> for expenditure on 'food subsidy' in 2020-21 too happened due to the change in accounting practice, and switching from the 'extra-budgetary borrowing' mode to a more transparent way of revealing expenditure under that head.</p><p style="text-align:justify">The <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission report</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a> mentions that the Food Corporation of India (FCI) relies on a number of instruments such as bonds, unsecured short-term loans and National Small Savings Fund (NSSF) loans from the Union Government in order to cover the deficit in the budgetary allocation for ‘food subsidy’. It should be noted here that the outstanding stock of NSSF loans to FCI as of March 2020 was about Rs. 3.2 lakh crore.</p><p style="text-align:justify">Therefore, much of the difference between B.E. <em>(i.e. <a href="/upload/files/Budget%20at%20a%20glance%202021-22.jpg" title="/upload/files/Budget%20at%20a%20glance%202021-22.jpg">Rs. 30,42,230 crore</a>)</em> and R.E. <em>(i.e. <a href="/upload/files/Budget%20at%20a%20glance%202021-22%281%29.jpg" title="/upload/files/Budget%20at%20a%20glance%202021-22%281%29.jpg">Rs. 34,50,305 crore</a>)</em> figures <em>(i.e. by nearly <a href="/upload/files/Budget%20at%20a%20glance%202021-22%282%29.jpg" title="/upload/files/Budget%20at%20a%20glance%202021-22%282%29.jpg">Rs. 4,08,075 crore</a>)</em> pertaining to total Government expenditure in 2020-21 has been observed due to the Union Government taking recourse to a more transparent way of financing its schemes/ programmes and reporting its fiscal deficit instead of relying on 'off-budget financing'.</p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="538" src="https://www.youtube.com/embed/94aOjakOCD0" width="956"></iframe></p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify"><strong>Recommendations by the 15th Finance Commission report for 2021-26</strong></p><p style="text-align:justify">Table-1 shows that the proportion of Union Government's extra-budgetary resources in India's gross domestic product (GDP) has increased from 0.1 percent to 0.8 percent between 2016-17 and 2020-21 (B.E.). The <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">main report of the 15th Finance Commission</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a> says that the Union Government has been resorting to off-budget financing <em>(the details of which have been discussed earlier)</em> in the form of deferment of expenditure to the following year, aside from the reported EBR. The Union Government started including details of extra-budgetary resources in its Medium-term Fiscal Policy Statement from 2019-20 in order to restore the integrity of fiscal accounts.</p><p style="text-align:justify"><strong>Table 1: Outstanding Liabilities of the Union Government (percent of GDP)</strong></p><p style="text-align:justify"><img alt="" src="/upload/images/Table%201%20Outstanding%20Liabilities%20of%20the%20Union%20Government%20as%20a%20percentage%20of%20GDP.jpg" style="height:626px; width:744px" /></p><p style="text-align:justify"><em><strong>Source: </strong>Fifteenth Finance Commission Volume-I Main Report, Report for 2021-26, October 2020, presented to the Parliament on 1st February, 2021,</em> <em>please <a href="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">click here</a> to access</em><br /><strong>---</strong></p><p style="text-align:justify">Earlier the CAG of India in its Report no. 20 of 2018 on compliance with the Fiscal Responsibility and Budget Management Act by the Union Government had stated about the malpractice of off-budget financing by the Union Government. Full budgetary provision in the year of incurring expenditures needs to be made for eliminating the practice of short-term borrowings to finance fertilizer subsidies and lending to FCI through NSSF, recommends the recently released <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">Finance Commission report</a>. It suggests that the expenditures arising out of current transactions needs to be separated from the accumulated liabilities of extra-budgetary transactions. Additional resources need to be mobilised by the Union Government through administrative and governance reforms so that scarce resources are released for clearing outstanding liabilities. In case of both ‘food subsidy’ and ‘fertilizer subsidy’, it has been suggested that the Union Government should carry out pricing and administrative/ governance reforms for eliminating dependence on extra-budgetary resources in a time-bound manner. Deficit and debt needs to be reported transparently as is required as per the amended Fiscal Responsibility and Budget Management Act of 2018.</p><p style="text-align:justify">The newly released <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission report</a> advises the Union Government to draw up an appropriate plan for introducing such measures that will ensure repayments of outstanding extra-budgetary liabilities in a time-bound manner. Building on the definition of ‘Central Government Debt’ in the amended FRBM Act, the latest available <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">report of the 15th Finance Commission</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a> mentions that the Union and State accounts should include debts of all government entities and agencies/ corporations that deliver public services on behalf of the Union or State Governments, including all autonomous bodies, parastatals, and extra-budgetary funds at the Union and state-levels.</p><p style="text-align:justify">International experience shows that the realisation of risks originating from ineffective surveillance at all levels of government, especially from sub-national governments and extra-budgetary borrowing of the ‘public sector’ have triggered financial crises time and again, states the <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission main report for 2021-26</a>.</p><p style="text-align:justify"><strong>What does the Union Budget say about EBRs and loans from NSSF?</strong></p><p style="text-align:justify">The budget speech of the Minister of Finance reveals that apart from providing the figures related to borrowings of the Union Government agencies that went towards funding Government of India's schemes/ programmes, and whose repayment burden was on the Government, the loans provided by the Government to FCI have also been disclosed in the latest budget.</p><p style="text-align:justify"><strong>Table 2 (a): Statement of Extra-Budgetary Resources (EBRs) (Govt. fully serviced bonds, NSSF loan and other resources)</strong></p><p style="text-align:justify"><img alt="" src="/upload/images/Table%202a%20Statement%20of%20Extra%20Budgetary%20Resources.jpg" style="height:1000px; width:729px" /></p><p style="text-align:justify"><em><strong>Source: </strong>Union Budget 2021-22 Speech dated 1st February, 2021, please <a href="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf" title="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf">click here</a> to access </em><br /><strong>---</strong></p><p style="text-align:justify">Clearly, the Statement of Extra-Budgetary Resources (i.e. table-2a) indicates that the EBRs mobilised through issuance of Government fully serviced bonds were Rs. 9,167.00 crore in 2016-17, Rs. 15,095.00 crore in 2017-18, Rs. 65,602.10 crore in 2018-19, Rs. 22,006.30 crore in 2019-20, Rs. 31,459.29 crore in 2020-21 (R.E.) and nil in 2021-22 (B.E.).</p><p style="text-align:justify"><strong>Table 2 (b): Financial support extended through loans from NSSF (in Rs. crore)</strong></p><p style="text-align:justify"><img alt="" src="/upload/images/Table%202b%20Financial%20support%20extended%20through%20loans%20from%20NSSF.jpg" style="height:884px; width:753px" /></p><p style="text-align:justify"><em><strong>Source: </strong>Union Budget 2021-22 Speech dated 1st February, 2021, please <a href="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf" title="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf">click here</a> to access </em><br /><strong>---</strong></p><p style="text-align:justify">Table-2b shows that the financial support extended through loans from NSSF was Rs. 70,000.00 crore in 2016-17, Rs. 73,000.00 crore in 2017-18, Rs. 97,000.00 crore in 2018-19, Rs. 1,26,310.00 in 2019-20, Rs. 94,636.00 crore in 2020-21 (R.E.) and Rs. 30,000.00 crore in 2021-22 (B.E.). The grand total support through both EBRs and loans from NSSF was Rs. 79,167.00 crore in 2016-17, Rs. 88,095.00 crore in 2017-18, Rs. 1,62,602.10 crore in 2018-19, Rs. 1,48,316.13 crore in 2019-20, Rs. 1,26,095.29 crore in 2020-21 (R.E.) and Rs. 30,000.00 crore in 2021-22 (B.E.).</p><p style="text-align:justify"><strong><em>References</em></strong></p><p style="text-align:justify">Fifteenth Finance Commission Volume-I Main Report, Report for 2021-26, October 2020, presented to the Parliament on 1st February, 2021, please <a href="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">click here</a> to access</p><p style="text-align:justify">All reports of Fifteenth Finance Commission for 2021-26, please <a href="https://fincomindia.nic.in/WriteReadData/html_en_files/15thFcReportIndex.html" title="https://fincomindia.nic.in/WriteReadData/html_en_files/15thFcReportIndex.html">click here</a> to access</p><p style="text-align:justify">Notes on Demands for Grants, 2021-2022, Department of Food and Public Distribution, please <a href="/upload/files/FCI%20demand%20for%20grants%202021-22.pdf" title="/upload/files/FCI%20demand%20for%20grants%202021-22.pdf">click here</a> to read more</p><p style="text-align:justify">Union Budget 2021-22 Speech dated 1st February, 2021, please <a href="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf" title="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf">click here</a> to access</p><p style="text-align:justify">Video: Presentation of the Union Budget by Finance Minister Nirmala Sitharaman 2021-2022, Doordarshan National, please <a href="https://www.youtube.com/watch?v=94aOjakOCD0" title="https://www.youtube.com/watch?v=94aOjakOCD0">click here</a> to access <em>(accessed on 4 February, 2021)</em></p><p style="text-align:justify"><strong>Image Courtesy: Doordarshan National YouTube Channel, please <a href="https://www.youtube.com/watch?v=94aOjakOCD0" title="https://www.youtube.com/watch?v=94aOjakOCD0">click here</a> to access</strong></p><p style="text-align:justify"> </p>
</div>
</td>
</tr>
</table>
</div>
</div>
</div>
<div class="clear"></div>
<div style="padding-top: 18px;">
<p class="post-tag">Tagged with:
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=15th Finance Commission"
title="15th Finance Commission">
15th Finance Commission </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Fertilizer Subsidy"
title="Fertilizer Subsidy">
Fertilizer Subsidy </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=FFC"
title="FFC">
FFC </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Fifteenth Finance Commission"
title="Fifteenth Finance Commission">
Fifteenth Finance Commission </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Food Corporation of India"
title="Food Corporation of India">
Food Corporation of India </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Food Subsidy"
title="Food Subsidy">
Food Subsidy </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Outstanding Liabilities"
title="Outstanding Liabilities">
Outstanding Liabilities </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Union Budget"
title="Union Budget">
Union Budget </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Union Budget 2021-22"
title="Union Budget 2021-22">
Union Budget 2021-22 </a>
</p>
</div>
<div class="clear"></div>
<br><br>
<div class="widget-top">
<h4>Related Articles</h4>
<div class="stripe-line"></div>
</div>
<div class="widget-container">
<ul id="recentcomments">
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/india-allows-early-wheat-procurement-by-states-to-avert-distress-sale-by-farmers-shloka-badkar.html"
title="India allows early wheat procurement by states to avert distress sale by farmers - Shloka Badkar">
India allows early wheat procurement by states to avert distress sale by farmers - Shloka Badkar </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/unseasonal-rains-and-hail-damage-crops-in-india-mayank-bharadwaj.html"
title="Unseasonal rains and hail damage crops in India - Mayank Bharadwaj">
Unseasonal rains and hail damage crops in India - Mayank Bharadwaj </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/wheat-procurement-target-at-34-15-million-tonnes-for-2023-24-pti-the-print.html"
title="Wheat procurement target at 34.15 million tonnes for 2023-24 - PTI/The Print">
Wheat procurement target at 34.15 million tonnes for 2023-24 - PTI/The Print </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/government-sells-rs-900-crore-of-wheat-to-counter-food-price-spike-ravi-dutta-mishra.html"
title="Government sells Rs. 900 crore of wheat to counter food price spike - Ravi Dutta Mishra">
Government sells Rs. 900 crore of wheat to counter food price spike - Ravi Dutta Mishra </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/costly-wheat-and-the-cloud-over-our-daily-bread-sayantan-bera.html"
title="Costly wheat and the cloud over our daily bread - Sayantan Bera">
Costly wheat and the cloud over our daily bread - Sayantan Bera </a>
</li>
</ul>
</div>
<div class="comment-respond" id="respond">
<a name="commentbox"> </a>
<h3 class="comment-reply-title" id="reply-title">Write Comments</h3>
<form method="post" accept-charset="utf-8" role="form" action="/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html"><div style="display:none;"><input type="hidden" name="_method" value="POST"/></div> <form class="comment-form" id="commentform" method="post" action="#commentbox" onSubmit="return validate()"
name="cmtform">
<input type="hidden" name="cmttype" value="articlecmt"/>
<input type="hidden" name="article_id" value="58425"/>
<p class="comment-notes">Your email address will not be published. Required fields are marked <span
class="required">*</span></p>
<p class="comment-form-author">
<label for="commenterName">Name</label>
<span class="required">*</span>
<input type="text" aria-required="true" size="30"
value=""
name="commenterName" id="commenterName" required="true">
</p>
<p class="comment-form-email">
<label for="commenterEmail">Email</label> <span class="required">*</span>
<input aria-required="true" size="30" name="commenterEmail" id="commenterEmail" type="email"
value=""
required="true">
</p>
<p class="comment-form-contact">
<label for="commenterPh">Contact No.</label>
<input type="text" size="30"
value=""
name="commenterPh" id="commenterPh">
</p>
<p class="comment-form-comment">
<label for="comment">Comment</label>
<textarea aria-required="true" required="true" rows="8" cols="45" name="comment"
id="comment"></textarea>
</p>
<p class="comment-form-comment">
<label for="comment">Type the characters you see in the image below <span class="required">*</span><br><img
class="captchaImg"
src="https://im4change.in/securimage_show_art.php?tk=1514942616" alt="captcha"/>
</label>
</p>
<input type="text" name="vrcode" required="true"/>
<p class="form-submit" style="width: 200px;">
<input type="submit" value="Post Comment" id="submit" name="submit">
</p></form>
</div>
<style>
.ui-widget-content {
height: auto !important;
}
</style>
<div id="share-modal"></div>
<style>
.middleContent a{
background-color: rgba(108,172,228,.2);
}
.middleContent a:hover{
background-color: #418fde;
border-color: #418fde;
color: #000;
}
</style>
<script>
function shareArticle(article_id) {
var options = {
modal: true,
height: 'auto',
width: 600 + 'px'
};
$('#share-modal').html("");
$('#share-modal').load('https://im4change.in/share_article?article_id=' + article_id).dialog(options).dialog('open');
}
function postShare() {
var param = 'article_id=' + $("#article_id").val();
param = param + '&y_name=' + $("#y_name").val();
param = param + '&y_email=' + $("#y_email").val();
param = param + '&f_name=' + $("#f_name").val();
param = param + '&f_email=' + $("#f_email").val();
param = param + '&y_msg=' + $("#y_msg").val();
$.ajax({
type: "POST",
url: 'https://im4change.in/post_share_article',
data: param,
success: function (response) {
$('#share-modal').html("Thank You, Your message posted to ");
}
});
return false;
}
</script> </div>
</div>
<!-- Right Side Section Start -->
<!-- MAP Section START -->
<aside class="sidebar indexMarg">
<div class="ad-cell">
<a href="https://im4change.in/statemap.php" title="">
<img src="https://im4change.in/images/map_new_version.png?1582080666" alt="India State Map" class="indiamap" width="232" height="252"/> </a>
<div class="rightmapbox">
<div id="sideOne" class="docltitle"><a href="https://im4change.in/state-report/india/36" target="_blank">DOCUMENTS/
REPORTS</a></div>
<div id="sideTwo" class="statetitle"><a href="https://im4change.in/states.php"target="_blank">STATE DATA/
HDRs.</a></div>
</div>
<div class="widget widgePadTop"></div>
</div>
</aside>
<!-- MAP Section END -->
<aside class="sidebar sidePadbottom">
<div class="rightsmlbox1" >
<a href="https://im4change.in/knowledge_gateway" target="_blank" style="color: #035588;
font-size: 17px;">
KNOWLEDGE GATEWAY
</a>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title">
<a href="https://im4change.in/newsletter" target="_blank">
NEWSLETTER
</a>
</p>
</div>
</div>
<div class="rightsmlbox1" style="height: 325px;">
<div>
<p class="rightsmlbox1_title">
Interview with Prof. Ravi Srivastava
</p>
<p class="rightsmlbox1_title">
<a href="https://im4change.in/video/interview-with-prof-ravi-srivastava-on-current-economic-crisis">
<img width="250" height="200" src="/images/interview_video_home.jpg" alt="Interview with Prof. Ravi Srivastava"/>
</a>
<!--
<iframe width="250" height="200" src="https://www.youtube.com/embed/MmaTlntk-wc" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen=""></iframe>-->
</p>
<a href="https://im4change.in/videogallery" class="more-link CatArchalAnch1" target="_blank">
More videos
</a>
</div>
</div>
<div class="rightsmlbox1">
<div>
<!--div id="sstory" class="rightboxicons"></div--->
<p class="rightsmlbox1_title"><a href="https://im4change.in/list-success-stories" target="_blank">Success Stories</a></p>
</div>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title"><a
href="https://im4change.in/interviews" target="_blank">Interviews</a>
</p>
</div>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title"><a href="https://www.commoncause.in/page.php?id=10" >Donate</a></p>
</div>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title"><a
href="https://im4change.in/marquee"
class="isf_link more-link" title="India Focus?" style="border: 4px solid #fdd922;width: 90%;background-color: #fdd922;text-align: center;color: #000000;font-size:18px" target="_blank">India Focus</a></p> </div>
</div>
<div class="rightsmlbox1" style="height: 104px !important;">
<a href="https://im4change.in/quarterly_reports.php" target="_blank">
Quarterly Reports on Effect of Economic Slowdown on Employment in India (2008 - 2015)
</a>
</div>
<!-- <div class="rightsmlbox1">
<a href="https://play.google.com/store/apps/details?id=com.im4.im4change" target="_blank">
</a></div> -->
<!-- <section class="cat-box recent-box secMarg">
<h2 class="cat-box-title">Most Visited</h2>
</section> -->
<!-- accordion Starts here -->
<!-- <div id="accordion" class="accordMarg">
</div> -->
<!-- accordion ends here -->
<!-- Widget Tag Cloud Starts here -->
<div id="tag_cloud-2" class="widget widget_tag_cloud">
<section class="cat-box recent-box secMarg">
<h2 class="cat-box-title">MOST VISITED TAGS</h2>
</section>
<div class="widget-top wiPdTp">
<div class="stripe-line"></div>
</div>
<div class="widget-container">
<div class="tagcloud">
<a href="https://im4change.in/search?qryStr=Agriculture"
target="_blank" class="tag-link-4 font4">Agriculture</a>
<a href="https://im4change.in/search?qryStr=Food Security"
target="_blank" class="tag-link-4 font4">Food Security</a>
<a href="https://im4change.in/search?qryStr=Law and Justice"
target="_blank" class="tag-link-4 font4">Law and Justice</a>
<a href="https://im4change.in/search?qryStr=Health"
target="_blank" class="tag-link-4 font4">Health</a>
<a href="https://im4change.in/search?qryStr=Right to Food"
target="_blank" class="tag-link-4 font4">Right to Food</a>
<a href="https://im4change.in/search?qryStr=Corruption"
target="_blank" class="tag-link-4 font4">Corruption</a>
<a href="https://im4change.in/search?qryStr=farming"
target="_blank" class="tag-link-4 font4">farming</a>
<a href="https://im4change.in/search?qryStr=Environment"
target="_blank" class="tag-link-4 font4">Environment</a>
<a href="https://im4change.in/search?qryStr=Right to Information"
target="_blank" class="tag-link-4 font4">Right to Information</a>
<a href="https://im4change.in/search?qryStr=NREGS"
target="_blank" class="tag-link-4 font4">NREGS</a>
<a href="https://im4change.in/search?qryStr=Human Rights"
target="_blank" class="tag-link-4 font4">Human Rights</a>
<a href="https://im4change.in/search?qryStr=Governance"
target="_blank" class="tag-link-4 font4">Governance</a>
<a href="https://im4change.in/search?qryStr=PDS"
target="_blank" class="tag-link-4 font4">PDS</a>
<a href="https://im4change.in/search?qryStr=COVID-19"
target="_blank" class="tag-link-4 font4">COVID-19</a>
<a href="https://im4change.in/search?qryStr=Land Acquisition"
target="_blank" class="tag-link-4 font4">Land Acquisition</a>
<a href="https://im4change.in/search?qryStr=mgnrega"
target="_blank" class="tag-link-4 font4">mgnrega</a>
<a href="https://im4change.in/search?qryStr=Farmers"
target="_blank" class="tag-link-4 font4">Farmers</a>
<a href="https://im4change.in/search?qryStr=transparency"
target="_blank" class="tag-link-4 font4">transparency</a>
<a href="https://im4change.in/search?qryStr=Gender"
target="_blank" class="tag-link-4 font4">Gender</a>
<a href="https://im4change.in/search?qryStr=Poverty"
target="_blank" class="tag-link-4 font4">Poverty</a>
<a href="https://im4change.in/search?qryStr=Farm Laws" target="_blank" class="tag-link-4 font4">Farm Laws
</a>
<a href="https://im4change.in/search?qryStr=Citizenship Amendment Act" target="_blank" class="tag-link-4 font4">Citizenship Amendment Act
</a>
<a href="https://im4change.in/search?qryStr=CAA NPR NRIC" target="_blank" class="tag-link-4 font4">CAA NPR NRIC
</a>
<a href="https://im4change.in/search?qryStr=Job Losses" target="_blank" class="tag-link-4 font4">Job Losses
</a>
<a href="https://im4change.in/search?qryStr=Migrant Workers" target="_blank" class="tag-link-4 font4">Migrant Workers
</a>
<a href="https://im4change.in/search?qryStr=Unemployment" target="_blank" class="tag-link-4 font4">Unemployment
</a>
<a href="https://im4change.in/search?qryStr=PMGKAY" target="_blank" class="tag-link-4 font4">PMGKAY
</a>
<a href="https://im4change.in/search?qryStr=PM-KISAN" target="_blank" class="tag-link-4 font4">PM-KISAN
</a>
<a href="https://im4change.in/search?qryStr=PM-CARES" target="_blank" class="tag-link-4 font4">PM-CARES
</a>
<a href="https://im4change.in/search?qryStr=LFPR" target="_blank" class="tag-link-4 font4">LFPR
</a>
</div>
</div>
</div>
<!-- Widget Tag Cloud Ends here -->
</aside>
<!-- Right Side Section End -->
</div>
<section class="cat-box cats-review-box footerSec">
<h2 class="cat-box-title vSec CatArcha">Video
Archives</h2>
<h2 class="cat-box-title CatArchaTitle">Archives</h2>
<div class="cat-box-content">
<div class="reviews-cat">
<div class="CatArchaDiv1">
<div class="CatArchaDiv2">
<ul>
<li>
<a href="https://im4change.in/news-alerts-57/moving-upstream-luni-fellowship.html" target="_blank">
Moving Upstream: Luni – Fellowship </a>
</li>
<li>
<a href="https://im4change.in/news-alerts-57/135-million-indians-exited-multidimensional-poverty-as-per-government-figures-is-that-the-same-as-poverty-reduction.html" target="_blank">
135 Million Indians Exited “Multidimensional" Poverty as per Government... </a>
</li>
<li>
<a href="https://im4change.in/news-alerts-57/explainer-why-are-tomato-prices-on-fire.html" target="_blank">
Explainer: Why are Tomato Prices on Fire? </a>
</li>
<li>
<a href="https://im4change.in/news-alerts-57/nsso-survey-only-39-1-of-all-households-have-drinking-water-within-dwelling-46-7-of-rural-households-use-firewood-for-cooking.html" target="_blank">
NSSO Survey: Only 39.1% of all Households have Drinking... </a>
</li>
<li class="CatArchalLi1">
<a href="https://im4change.in/news-alerts-57"
class="more-link CatArchalAnch1" target="_blank">
More...
</a>
</li>
</ul>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/I51LYnP8BOk/1.jpg"
alt=" Im4Change.org हिंदी वेबसाइट का परिचय. Short Video on im4change.org...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Short-Video-on-im4change-Hindi-website-Inclusive-Media-for-Change" target="_blank">
Im4Change.org हिंदी वेबसाइट का परिचय. Short Video on im4change.org... </a>
</p>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/kNqha-SwfIY/1.jpg"
alt=" "Session 1: Scope of IDEA and AgriStack" in Exploring...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Session-1- Scope-of-IDEA-and-AgriStack-in-Exploring-Digitalisation-in-Agriculture-29-April-2022" target="_blank">
"Session 1: Scope of IDEA and AgriStack" in Exploring... </a>
</p>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/6kIVjlgZItk/1.jpg"
alt=" "Session 2: Farmer Centric Digitalisation in Agriculture" in Exploring...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Session-2-Farmer-Centric-Digitalisation-in-Agriculture-in-Exploring-Digitalisation-in-Agriculture-29-April-2022" target="_blank">
"Session 2: Farmer Centric Digitalisation in Agriculture" in Exploring... </a>
</p>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/2BeHTu0y7xc/1.jpg"
alt=" "Session 3: Future of Digitalisation in Agriculture" in Exploring...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Session-3-Future-of-Digitalisation-in-Agriculture-in-Exploring-Digitalisation-in-Agriculture-29-April-2022" target="_blank">
"Session 3: Future of Digitalisation in Agriculture" in Exploring... </a>
</p>
</div>
<div class="divWidth">
<ul class="divWidthMarg">
<li>
<a href="https://im4change.in/video/Public-Spending-on-Agriculture-in-India-Source-Foundation-for-Agrarian-Studies"
title="Public Spending on Agriculture in India (Source: Foundation for Agrarian Studies)" target="_blank">
Public Spending on Agriculture in India (Source: Foundation for...</a>
</li>
<li>
<a href="https://im4change.in/video/Agrarian-Change-Seminar-Protests-against-the-New-Farm-Laws-in-India-by-Prof-Vikas-Rawal-JNU-Source-Journal-Of-Agrarian-Change"
title="Agrarian Change Seminar: 'Protests against the New Farm Laws in India' by Prof. Vikas Rawal, JNU (Source: Journal Of Agrarian Change) " target="_blank">
Agrarian Change Seminar: 'Protests against the New Farm Laws...</a>
</li>
<li>
<a href="https://im4change.in/video/Webinar-Ramrao-The-Story-of-India-Farm-Crisis-Source-Azim-Premji-University"
title="Webinar: Ramrao - The Story of India's Farm Crisis (Source: Azim Premji University)" target="_blank">
Webinar: Ramrao - The Story of India's Farm Crisis...</a>
</li>
<li>
<a href="https://im4change.in/video/water-and-agricultural-transformation-in-India"
title="Water and Agricultural Transformation in India: A Symbiotic Relationship (Source: IGIDR)" target="_blank">
Water and Agricultural Transformation in India: A Symbiotic Relationship...</a>
</li>
<li class="CatArchalLi1">
<a href="https://im4change.in/videogallery"
class="more-link CatArchalAnch1" target="_blank">
More...
</a>
</li>
</ul>
</div>
</div>
</div>
</div>
</section> </div>
<div class="clear"></div>
<!-- Footer option Starts here -->
<div class="footer-bottom fade-in animated4">
<div class="container">
<div class="social-icons icon_flat">
<p class="SocialMargTop"> Website Developed by <a target="_blank" title="Web Development"
class="wot right"
href="http://www.ravinderkhurana.com/" rel="nofollow">
RAVINDErkHURANA.com</a></p>
</div>
<div class="alignleft">
<a
target="_blank" href="https://im4change.in/objectives-8.html"
class="link"
title="Objectives">Objectives</a> | <a
target="_blank" href="https://im4change.in/about-us-9.html"
class="link" title="About Us">About Us</a> | <a
target="_blank" href="https://im4change.in/media-workshops.php"
class="ucwords">Workshops</a> | <a
target="_blank" href="https://im4change.in/disclaimer/disclaimer-149.html"
title="Disclaimer">Disclaimer</a> </div>
</div>
</div>
<!-- Footer option ends here -->
</div>
<div id="connect">
<a target="_blank"
href="http://www.facebook.com/sharer.php?u=https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html"
title="Share on Facebook">
<img src="https://im4change.in/images/Facebook.png?1582080640" alt="share on Facebook" class="ImgBorder"/>
</a><br/>
<a target="_blank"
href="http://twitter.com/share?text=Im4change&url=https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html"
title="Share on Twitter">
<img src="https://im4change.in/images/twitter.png?1582080632" alt="Twitter" class="ImgBorder"/> </a>
<br/>
<a href="/feeds" title="RSS Feed" target="_blank">
<img src="https://im4change.in/images/rss.png?1582080632" alt="RSS" class="ImgBorder"/>
</a>
<br/>
<a class="feedback-link" id="feedbackFormLink" href="#">
<img src="https://im4change.in/images/feedback.png?1582080630" alt="Feedback" class="ImgBorder"/>
</a> <br/>
<a href="javascript:function iprl5(){var d=document,z=d.createElement('scr'+'ipt'),b=d.body,l=d.location;try{if(!b)throw(0);d.title='(Saving...) '+d.title;z.setAttribute('src',l.protocol+'//www.instapaper.com/j/WKrH3R7ORD5p?u='+encodeURIComponent(l.href)+'&t='+(new Date().getTime()));b.appendChild(z);}catch(e){alert('Please wait until the page has loaded.');}}iprl5();void(0)"
class="bookmarklet" onclick="return explain_bookmarklet();">
<img src="https://im4change.in/images/read-it-later.png?1582080632" alt="Read Later" class="ImgBorder"/> </a>
</div>
<!-- Feedback form Starts here -->
<div id="feedbackForm" class="overlay_form" class="ImgBorder">
<h2>Contact Form</h2>
<div id="contactform1">
<div id="formleft">
<form id="submitform" action="/contactus.php" method="post">
<input type="hidden" name="submitform" value="submitform"/>
<input type="hidden" name="salt_key" value="a0e0f2c6a0644a70e57ad2c96829709a"/>
<input type="hidden" name="ref" value="feedback"/>
<fieldset>
<label>Name :</label>
<input type="text" name="name" class="tbox" required/>
</fieldset>
<fieldset>
<label>Email :</label>
<input type="text" name="email" class="tbox" required/>
</fieldset>
<fieldset>
<label>Message :</label>
<textarea rows="5" cols="20" name="message" required></textarea>
</fieldset>
<fieldset>
Please enter security code
<div class="clear"></div>
<input type="text" name="vrcode" class="tbox"/>
</fieldset>
<fieldset>
<input type="submit" class="button" value="Submit"/>
<a href="#" id="closefeedbakcformLink">Close</a>
</fieldset>
</form>
</div>
<div class="clearfix"></div>
</div>
</div>
<div id="donate_popup" class="modal" style="max-width: 800px;">
<table width="100%" border="1">
<tr>
<td colspan="2" align="center">
<b>Support im4change</b>
</td>
</tr>
<tr>
<td width="25%" valign="middle">
<img src="https://im4change.in/images/logo2.jpg?1582080632" alt="" width="100%"/> </td>
<td style="padding-left:10px;padding-top:10px;">
<form action="https://im4change.in/donate" method="get">
<table width="100%" cellpadding="2" cellspacing="2">
<tr>
<td width="33%" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
10
</td>
<td width="33%" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
100
</td>
<td width="33%" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
1000
</td>
</tr>
<tr>
<td colspan="3">
</td>
</tr>
<tr>
<td style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
50
</td>
<td style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
500
</td>
<td style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
<input type="text" name="price" placeholder="?" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
</td>
</tr>
<tr>
<td colspan="3">
</td>
</tr>
<tr>
<td colspan="3" align="right">
<input type="button" name="Pay" value="Pay"
style="width: 200px;background-color: rgb(205, 35, 36);color: #ffffff;"/>
</td>
</tr>
</table>
</form>
</td>
</tr>
</table>
</div><script type='text/javascript'>
/* <![CDATA[ */
var tievar = {'go_to': 'Go to...'};
/* ]]> */
</script>
<script src="/js/tie-scripts.js?1575549704"></script><script src="/js/bootstrap.js?1575549704"></script><script src="/js/jquery.modal.min.js?1578284310"></script><script>
$(document).ready(function() {
// tell the autocomplete function to get its data from our php script
$('#s').autocomplete({
source: "/autocomplete"
});
});
</script>
<script src="/vj-main-sw-register.js" async></script>
<script>function init(){var imgDefer=document.getElementsByTagName('img');for(var i=0;i<imgDefer.length;i++){if(imgDefer[i].getAttribute('data-src')){imgDefer[i].setAttribute('src',imgDefer[i].getAttribute('data-src'))}}}
window.onload=init;</script>
</body>
</html>'
}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
$response = object(Cake\Http\Response) {
'status' => (int) 200,
'contentType' => 'text/html',
'headers' => [
'Content-Type' => [
[maximum depth reached]
]
],
'file' => null,
'fileRange' => [],
'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
'cacheDirectives' => [],
'body' => '<!DOCTYPE html>
<!--[if lt IE 7 ]>
<html class="ie ie6" lang='en'> <![endif]-->
<!--[if IE 7 ]>
<html class="ie ie7" lang='en'> <![endif]-->
<!--[if IE 8 ]>
<html class="ie ie8" lang='en'> <![endif]-->
<!--[if (gte IE 9)|!(IE)]><!-->
<html lang='en'>
<!--<![endif]-->
<head><meta http-equiv="Content-Type" content="text/html; charset=utf-8">
<title>
NEWS ALERTS | Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22 </title>
<meta name="description" content="
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'.
The budget documents for Union..."/>
<meta name="keywords" content="15th Finance Commission,Fertilizer Subsidy,FFC,Fifteenth Finance Commission,Food Corporation of India,Food Subsidy,Outstanding Liabilities,Union Budget,Union Budget 2021-22"/>
<meta name="news_keywords" content="15th Finance Commission,Fertilizer Subsidy,FFC,Fifteenth Finance Commission,Food Corporation of India,Food Subsidy,Outstanding Liabilities,Union Budget,Union Budget 2021-22">
<link rel="alternate" type="application/rss+xml" title="ROR" href="/ror.xml"/>
<link rel="alternate" type="application/rss+xml" title="RSS 2.0" href="/feeds/"/>
<link rel="stylesheet" href="/css/bootstrap.min.css?1697864993"/> <link rel="stylesheet" href="/css/style.css?v=1.1.2"/> <link rel="stylesheet" href="/css/style-inner.css?1577045210"/> <link rel="stylesheet" id="Oswald-css"
href="https://fonts.googleapis.com/css?family=Oswald%3Aregular%2C700&ver=3.8.1" type="text/css"
media="all">
<link rel="stylesheet" href="/css/jquery.modal.min.css?1578285302"/> <script src="/js/jquery-1.10.2.js?1575549704"></script> <script src="/js/jquery-migrate.min.js?1575549704"></script> <link rel="shortcut icon" href="/favicon.ico" title="Favicon">
<link rel="stylesheet" href="/css/jquery-ui.css?1580720609"/> <script src="/js/jquery-ui.js?1575549704"></script> <link rel="preload" as="style" href="https://www.im4change.org/css/custom.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel="preload" as="style" href="https://www.im4change.org/css/jquery.modal.min.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel="preload" as="style" href="https://www.im4change.org/css/jquery-ui.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel="preload" as="style" href="https://www.im4change.org/css/li-scroller.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<!-- <link rel="preload" as="style" href="https://www.im4change.org/css/style.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous"> -->
<link rel="preload" as="style" href="https://www.im4change.org/css/style-inner.css" onload="this.rel='stylesheet'" media="all" crossorigin="anonymous">
<link rel='dns-prefetch' href="//im4change.org/css/custom.css" crossorigin >
<link rel="preload" as="script" href="https://www.im4change.org/js/bootstrap.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery.li-scroller.1.0.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery.modal.min.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery.ui.totop.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery-1.10.2.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery-migrate.min.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/jquery-ui.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/setting.js">
<link rel="preload" as="script" href="https://www.im4change.org/js/tie-scripts.js">
<!--[if IE]>
<script type="text/javascript">jQuery(document).ready(function () {
jQuery(".menu-item").has("ul").children("a").attr("aria-haspopup", "true");
});</script>
<![endif]-->
<!--[if lt IE 9]>
<script src="/js/html5.js"></script>
<script src="/js/selectivizr-min.js"></script>
<![endif]-->
<!--[if IE 8]>
<link rel="stylesheet" type="text/css" media="all" href="/css/ie8.css"/>
<![endif]-->
<meta property="og:title" content="NEWS ALERTS | Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22" />
<meta property="og:url" content="https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html" />
<meta property="og:type" content="article" />
<meta property="og:description" content="
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'.
The budget documents for Union..." />
<meta property="og:image" content="" />
<meta property="fb:app_id" content="0" />
<meta name="viewport" content="width=device-width, initial-scale=1, maximum-scale=1, user-scalable=no">
<link rel="apple-touch-icon-precomposed" sizes="144x144" href="https://im4change.in/images/apple1.png">
<link rel="apple-touch-icon-precomposed" sizes="120x120" href="https://im4change.in/images/apple2.png">
<link rel="apple-touch-icon-precomposed" sizes="72x72" href="https://im4change.in/images/apple3.png">
<link rel="apple-touch-icon-precomposed" href="https://im4change.in/images/apple4.png">
<style>
.gsc-results-wrapper-overlay{
top: 38% !important;
height: 50% !important;
}
.gsc-search-button-v2{
border-color: #035588 !important;
background-color: #035588 !important;
}
.gsib_a{
height: 30px !important;
padding: 2px 8px 1px 6px !important;
}
.gsc-search-button-v2{
height: 41px !important;
}
input.gsc-input{
background: none !important;
}
@media only screen and (max-width: 600px) {
.gsc-results-wrapper-overlay{
top: 11% !important;
width: 87% !important;
left: 9% !important;
height: 43% !important;
}
.gsc-search-button-v2{
padding: 10px 10px !important;
}
.gsc-input-box{
height: 28px !important;
}
/* .gsib_a {
padding: 0px 9px 4px 9px !important;
}*/
}
@media only screen and (min-width: 1200px) and (max-width: 1920px) {
table.gsc-search-box{
width: 15% !important;
float: right !important;
margin-top: -118px !important;
}
.gsc-search-button-v2 {
padding: 6px !important;
}
}
</style>
<script>
$(function () {
$("#accordion").accordion({
event: "click hoverintent"
});
});
/*
* hoverIntent | Copyright 2011 Brian Cherne
* http://cherne.net/brian/resources/jquery.hoverIntent.html
* modified by the jQuery UI team
*/
$.event.special.hoverintent = {
setup: function () {
$(this).bind("mouseover", jQuery.event.special.hoverintent.handler);
},
teardown: function () {
$(this).unbind("mouseover", jQuery.event.special.hoverintent.handler);
},
handler: function (event) {
var currentX, currentY, timeout,
args = arguments,
target = $(event.target),
previousX = event.pageX,
previousY = event.pageY;
function track(event) {
currentX = event.pageX;
currentY = event.pageY;
}
;
function clear() {
target
.unbind("mousemove", track)
.unbind("mouseout", clear);
clearTimeout(timeout);
}
function handler() {
var prop,
orig = event;
if ((Math.abs(previousX - currentX) +
Math.abs(previousY - currentY)) < 7) {
clear();
event = $.Event("hoverintent");
for (prop in orig) {
if (!(prop in event)) {
event[prop] = orig[prop];
}
}
// Prevent accessing the original event since the new event
// is fired asynchronously and the old event is no longer
// usable (#6028)
delete event.originalEvent;
target.trigger(event);
} else {
previousX = currentX;
previousY = currentY;
timeout = setTimeout(handler, 100);
}
}
timeout = setTimeout(handler, 100);
target.bind({
mousemove: track,
mouseout: clear
});
}
};
</script>
<script type="text/javascript">
var _gaq = _gaq || [];
_gaq.push(['_setAccount', 'UA-472075-3']);
_gaq.push(['_trackPageview']);
(function () {
var ga = document.createElement('script');
ga.type = 'text/javascript';
ga.async = true;
ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js';
var s = document.getElementsByTagName('script')[0];
s.parentNode.insertBefore(ga, s);
})();
</script>
<link rel="stylesheet" href="/css/custom.css?v=1.16"/> <script src="/js/jquery.ui.totop.js?1575549704"></script> <script src="/js/setting.js?1575549704"></script> <link rel="manifest" href="/manifest.json">
<meta name="theme-color" content="#616163" />
<meta name="apple-mobile-web-app-capable" content="yes">
<meta name="apple-mobile-web-app-status-bar-style" content="black">
<meta name="apple-mobile-web-app-title" content="im4change">
<link rel="apple-touch-icon" href="/icons/logo-192x192.png">
</head>
<body id="top" class="home inner blog">
<div class="background-cover"></div>
<div class="wrapper animated">
<header id="theme-header" class="header_inner" style="position: relative;">
<div class="logo inner_logo" style="left:20px !important">
<a title="Home" href="https://im4change.in/">
<img src="https://im4change.in/images/logo2.jpg?1582080632" class="logo_image" alt="im4change"/> </a>
</div>
<div class="langhindi" style="color: #000;display:none;"
href="https://im4change.in/">
<a class="more-link" href="https://im4change.in/">Home</a>
<a href="https://im4change.in/hindi/" class="langbutton ">हिन्दी</a>
</div>
<nav class="fade-in animated2" id="main-nav">
<div class="container">
<div class="main-menu">
<ul class="menu" id="menu-main">
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"
style="left: -40px;"><a
target="_blank" href="https://im4change.in/">Home</a>
</li>
<li class="menu-item mega-menu menu-item-type-taxonomy mega-menu menu-item-object-category mega-menu menu-item-has-children parent-list"
style=" margin-left: -40px;"><a href="#">KNOWLEDGE GATEWAY <span class="sub-indicator"></span>
</a>
<div class="mega-menu-block background_menu" style="padding-top:25px;">
<div class="container">
<div class="mega-menu-content">
<div class="mega-menu-item">
<h3><b>Farm Crisis</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/farmers039-suicides-14.html"
class="left postionrel">Farm Suicides </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/unemployment-30.html"
class="left postionrel">Unemployment </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/rural-distress-70.html"
class="left postionrel">Rural distress </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/migration-34.html"
class="left postionrel">Migration </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/key-facts-72.html"
class="left postionrel">Key Facts </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/farm-crisis/debt-trap-15.html"
class="left postionrel">Debt Trap </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Empowerment</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/union-budget-73.html"
class="left postionrel">Union Budget And Other Economic Policies </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/forest-and-tribal-rights-61.html"
class="left postionrel">Forest and Tribal Rights </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-education-60.html"
class="left postionrel">Right to Education </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-food-59.html"
class="left postionrel">Right to Food </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/displacement-3279.html"
class="left postionrel">Displacement </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-work-mg-nrega-39.html"
class="left postionrel">Right to Work (MG-NREGA) </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/gender-3280.html"
class="left postionrel">GENDER </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/right-to-information-58.html"
class="left postionrel">Right to Information </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/empowerment/social-audit-48.html"
class="left postionrel">Social Audit </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Hunger / HDI</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/poverty-and-inequality-20499.html"
class="left postionrel">Poverty and inequality </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/malnutrition-41.html"
class="left postionrel">Malnutrition </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/public-health-51.html"
class="left postionrel">Public Health </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/education-50.html"
class="left postionrel">Education </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/hunger-overview-40.html"
class="left postionrel">Hunger Overview </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/hdi-overview-45.html"
class="left postionrel">HDI Overview </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/pds-ration-food-security-42.html"
class="left postionrel">PDS/ Ration/ Food Security </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/sdgs-113.html"
class="left postionrel">SDGs </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/hunger-hdi/mid-day-meal-scheme-mdms-53.html"
class="left postionrel">Mid Day Meal Scheme (MDMS) </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Environment</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/environment/time-bomb-ticking-52.html"
class="left postionrel">Time Bomb Ticking </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/environment/water-and-sanitation-55.html"
class="left postionrel">Water and Sanitation </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/environment/impact-on-agriculture-54.html"
class="left postionrel">Impact on Agriculture </a>
</p>
</div>
<div class="mega-menu-item">
<h3><b>Law & Justice</b></h3>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/social-justice-20500.html"
class="left postionrel">Social Justice </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/access-to-justice-47.html"
class="left postionrel">Access to Justice </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/human-rights-56.html"
class="left postionrel">Human Rights </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/corruption-35.html"
class="left postionrel">Corruption </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/general-insecurity-46.html"
class="left postionrel">General Insecurity </a>
</p>
<p style="padding-left:5px;">
<a target="_blank" href="https://im4change.in/law-justice/disaster-relief-49.html"
class="left postionrel">Disaster & Relief </a>
</p>
</div>
</div>
</div>
</div>
</li>
<li class="menu-item menu-item-type-post_type menu-item-object-page "><a target="_blank" href="https://im4change.in/nceus_reports.php">NCEUS reports</a>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children parent-list ">
<a target="_blank" href="https://im4change.in/about-us-9.html">About Us <span
class="sub-indicator"></span></a>
<ul class="sub-menu aboutmenu">
<li class="menu-item menu-item-type-post_type menu-item-object-page"><a
target="_blank" href="https://im4change.in/objectives-8.html">Objectives</a>
</li>
<li class="menu-item menu-item-type-post_type menu-item-object-page"><a
target="_blank" href="https://im4change.in/contactus.php">Contact
Us</a></li>
<li class="menu-item menu-item-type-post_type menu-item-object-page"><a
target="_blank" href="https://im4change.in/about-us-9.html">About
Us</a></li>
</ul>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children ">
<a target="_blank" href="https://im4change.in/fellowships.php" title="Fellowships">Fellowships</a>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a
target="_blank" href="https://im4change.in/media-workshops.php">Workshops</a>
</li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a
target="_blank" href="https://im4change.in/research.php">Research</a></li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a
target="_blank" href="https://im4change.in/links-64">Partners</a></li>
<li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"
id="menu-item-539"><a target="_blank" href="https://im4change.in/hindi/"
class="langbutton langlinkfont17">हिन्दी</a></li>
</ul>
</div> </div>
<!-- <div style="float: right;">
<script async src="https://cse.google.com/cse.js?cx=18b4f2e0f11bed3dd"></script>
<div class="gcse-search"></div>
</div> -->
<div class="search-block" style=" margin-left: 8px; margin-right: 7px;">
<form method="get" id="searchform" name="searchform"
action="https://im4change.in/search"
onsubmit="return searchvalidate();">
<button class="search-button" type="submit" value="Search"></button>
<input type="text" id="s" name="qryStr" value=""
onfocus="if (this.value == 'Search...') {this.value = '';}"
onblur="if (this.value == '') {this.value = 'Search...';}">
</form>
</div>
</nav>
</header>
<div class="container">
<div id="main-content" class=" main1 container fade-in animated3 sidebar-narrow-left">
<div class="content-wrap">
<div class="content" style="width: 900px;min-height: 500px;">
<div class="background_inner innBack" align="center">
<img src="https://im4change.in/images/media/Image union budget.jpg"
alt="Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22"
class="box_shadow mt5 imgRes" style="max-width:500px;"/>
</div>
<section class="cat-box recent-box innerCatRecent">
<h1 class="cat-box-title">Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22</h1>
<a href="JavaScript:void(0);" onclick="return shareArticle(58425);">
<img src="https://im4change.in/images/email.png?1582080630" border="0" width="24" align="right" alt="Share this article"/> </a>
<a href="https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22/print"
rel="nofollow">
<img src="https://im4change.in/images/icon-print.png?1582080630" border="0" width="24" align="right" alt="Share this article"/>
</a>
</section>
<section class="recent-box innerCatRecent">
<small class="pb-1"><span class="dateIcn">
<img src="https://im4change.in/images/published.svg?1582080666" alt="published"/>
Published on</span><span class="text-date"> Feb 4, 2021</span>
<span
class="dateIcn">
<img src="https://im4change.in/images/modified.svg?1582080666" alt="modified"/> Modified on </span><span class="text-date"> May 14, 2021</span>
</small>
</section>
<div class="clear"></div>
<div style="padding-top: 10px;">
<div class="innerLineHeight">
<div class="middleContent innerInput news-alerts-57">
<table>
<tr>
<td>
<div>
<p style="text-align:justify"><br />In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission Main Report</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a>. But first, let us discuss 'fertilizer subsidy'.</p><p style="text-align:justify">The <a href="/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">budget documents</a> for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 1,33,947 crore in 2020-21</a> (revised estimate) to <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 79,530 crore in 2021-22</a> (budget estimate). However, the budgetary allocation on ‘fertilizer subsidy’ was <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 71,309 crore in 2020-21 (B.E.)</a>, which is almost half of the revised estimate figure for 2020-21. The large difference between B.E. and R.E. figures for expenditure on 'fertilizer subsidy' in 2020-21 occurred on account of change in the accounting practice <em>[as recommended by the Comptroller and Auditor General (CAG) of India and the 15th Finance Commission, among others]</em>, and moving away from the 'off-budget financing' mode to a more transparent way of depicting expenditure under that head.</p><p style="text-align:justify">It needs to be mentioned here that the Union Government resorted to Special Banking Arrangement (SBA) in order to meet the liquidity requirements of fertilizer companies arising out of the 'fertilizer subsidy', which is announced in every year's Union Budget. The main <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">report of the 15th Finance Commission</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a>, which was presented in the Parliament on 1st February, 2021, explains that the SBA is short-term credit from public sector banks to meet the mismatch in budget allocations and actual amount due at the end of the financial year. The Union Government pays interest to banks at the G-Sec rate and the interest above the G-sec rate is borne by the fertilizer companies. The stock of extra-budgetary resources pertaining to fertilizer subsidies as of March 2020 was nearly Rs. 40,000 crore.</p><p style="text-align:justify">Now, let us turn our attention to discuss ‘food subsidy’. <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Budget documents</a> released for 2021-22 indicate that the spending on ‘food subsidy’ was trimmed from <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 4,22,618 crore in 2020-21 (R.E.)</a> down to <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 2,42,836 crore in 2021-22 (B.E.)</a>. The budgetary allocation on ‘food subsidy’ was <a href="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf" title="https://www.im4change.org/upload/files/Expenditure%20of%20Major%20Items%202021-22%281%29.pdf">Rs. 1,15,570 crore in 2020-21 (B.E.)</a>, which is almost a quarter of the revised estimate figure for 2020-21. The <a href="/upload/files/FCI%20demand%20for%20grants%202021-22%281%29.pdf" title="/upload/files/FCI%20demand%20for%20grants%202021-22%281%29.pdf">huge difference between B.E. and R.E. figures</a> for expenditure on 'food subsidy' in 2020-21 too happened due to the change in accounting practice, and switching from the 'extra-budgetary borrowing' mode to a more transparent way of revealing expenditure under that head.</p><p style="text-align:justify">The <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission report</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a> mentions that the Food Corporation of India (FCI) relies on a number of instruments such as bonds, unsecured short-term loans and National Small Savings Fund (NSSF) loans from the Union Government in order to cover the deficit in the budgetary allocation for ‘food subsidy’. It should be noted here that the outstanding stock of NSSF loans to FCI as of March 2020 was about Rs. 3.2 lakh crore.</p><p style="text-align:justify">Therefore, much of the difference between B.E. <em>(i.e. <a href="/upload/files/Budget%20at%20a%20glance%202021-22.jpg" title="/upload/files/Budget%20at%20a%20glance%202021-22.jpg">Rs. 30,42,230 crore</a>)</em> and R.E. <em>(i.e. <a href="/upload/files/Budget%20at%20a%20glance%202021-22%281%29.jpg" title="/upload/files/Budget%20at%20a%20glance%202021-22%281%29.jpg">Rs. 34,50,305 crore</a>)</em> figures <em>(i.e. by nearly <a href="/upload/files/Budget%20at%20a%20glance%202021-22%282%29.jpg" title="/upload/files/Budget%20at%20a%20glance%202021-22%282%29.jpg">Rs. 4,08,075 crore</a>)</em> pertaining to total Government expenditure in 2020-21 has been observed due to the Union Government taking recourse to a more transparent way of financing its schemes/ programmes and reporting its fiscal deficit instead of relying on 'off-budget financing'.</p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="538" src="https://www.youtube.com/embed/94aOjakOCD0" width="956"></iframe></p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify"><strong>Recommendations by the 15th Finance Commission report for 2021-26</strong></p><p style="text-align:justify">Table-1 shows that the proportion of Union Government's extra-budgetary resources in India's gross domestic product (GDP) has increased from 0.1 percent to 0.8 percent between 2016-17 and 2020-21 (B.E.). The <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">main report of the 15th Finance Commission</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a> says that the Union Government has been resorting to off-budget financing <em>(the details of which have been discussed earlier)</em> in the form of deferment of expenditure to the following year, aside from the reported EBR. The Union Government started including details of extra-budgetary resources in its Medium-term Fiscal Policy Statement from 2019-20 in order to restore the integrity of fiscal accounts.</p><p style="text-align:justify"><strong>Table 1: Outstanding Liabilities of the Union Government (percent of GDP)</strong></p><p style="text-align:justify"><img alt="" src="/upload/images/Table%201%20Outstanding%20Liabilities%20of%20the%20Union%20Government%20as%20a%20percentage%20of%20GDP.jpg" style="height:626px; width:744px" /></p><p style="text-align:justify"><em><strong>Source: </strong>Fifteenth Finance Commission Volume-I Main Report, Report for 2021-26, October 2020, presented to the Parliament on 1st February, 2021,</em> <em>please <a href="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">click here</a> to access</em><br /><strong>---</strong></p><p style="text-align:justify">Earlier the CAG of India in its Report no. 20 of 2018 on compliance with the Fiscal Responsibility and Budget Management Act by the Union Government had stated about the malpractice of off-budget financing by the Union Government. Full budgetary provision in the year of incurring expenditures needs to be made for eliminating the practice of short-term borrowings to finance fertilizer subsidies and lending to FCI through NSSF, recommends the recently released <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">Finance Commission report</a>. It suggests that the expenditures arising out of current transactions needs to be separated from the accumulated liabilities of extra-budgetary transactions. Additional resources need to be mobilised by the Union Government through administrative and governance reforms so that scarce resources are released for clearing outstanding liabilities. In case of both ‘food subsidy’ and ‘fertilizer subsidy’, it has been suggested that the Union Government should carry out pricing and administrative/ governance reforms for eliminating dependence on extra-budgetary resources in a time-bound manner. Deficit and debt needs to be reported transparently as is required as per the amended Fiscal Responsibility and Budget Management Act of 2018.</p><p style="text-align:justify">The newly released <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission report</a> advises the Union Government to draw up an appropriate plan for introducing such measures that will ensure repayments of outstanding extra-budgetary liabilities in a time-bound manner. Building on the definition of ‘Central Government Debt’ in the amended FRBM Act, the latest available <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">report of the 15th Finance Commission</a> <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">for 2021-26</a> mentions that the Union and State accounts should include debts of all government entities and agencies/ corporations that deliver public services on behalf of the Union or State Governments, including all autonomous bodies, parastatals, and extra-budgetary funds at the Union and state-levels.</p><p style="text-align:justify">International experience shows that the realisation of risks originating from ineffective surveillance at all levels of government, especially from sub-national governments and extra-budgetary borrowing of the ‘public sector’ have triggered financial crises time and again, states the <a href="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="https://www.im4change.org/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">15th Finance Commission main report for 2021-26</a>.</p><p style="text-align:justify"><strong>What does the Union Budget say about EBRs and loans from NSSF?</strong></p><p style="text-align:justify">The budget speech of the Minister of Finance reveals that apart from providing the figures related to borrowings of the Union Government agencies that went towards funding Government of India's schemes/ programmes, and whose repayment burden was on the Government, the loans provided by the Government to FCI have also been disclosed in the latest budget.</p><p style="text-align:justify"><strong>Table 2 (a): Statement of Extra-Budgetary Resources (EBRs) (Govt. fully serviced bonds, NSSF loan and other resources)</strong></p><p style="text-align:justify"><img alt="" src="/upload/images/Table%202a%20Statement%20of%20Extra%20Budgetary%20Resources.jpg" style="height:1000px; width:729px" /></p><p style="text-align:justify"><em><strong>Source: </strong>Union Budget 2021-22 Speech dated 1st February, 2021, please <a href="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf" title="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf">click here</a> to access </em><br /><strong>---</strong></p><p style="text-align:justify">Clearly, the Statement of Extra-Budgetary Resources (i.e. table-2a) indicates that the EBRs mobilised through issuance of Government fully serviced bonds were Rs. 9,167.00 crore in 2016-17, Rs. 15,095.00 crore in 2017-18, Rs. 65,602.10 crore in 2018-19, Rs. 22,006.30 crore in 2019-20, Rs. 31,459.29 crore in 2020-21 (R.E.) and nil in 2021-22 (B.E.).</p><p style="text-align:justify"><strong>Table 2 (b): Financial support extended through loans from NSSF (in Rs. crore)</strong></p><p style="text-align:justify"><img alt="" src="/upload/images/Table%202b%20Financial%20support%20extended%20through%20loans%20from%20NSSF.jpg" style="height:884px; width:753px" /></p><p style="text-align:justify"><em><strong>Source: </strong>Union Budget 2021-22 Speech dated 1st February, 2021, please <a href="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf" title="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf">click here</a> to access </em><br /><strong>---</strong></p><p style="text-align:justify">Table-2b shows that the financial support extended through loans from NSSF was Rs. 70,000.00 crore in 2016-17, Rs. 73,000.00 crore in 2017-18, Rs. 97,000.00 crore in 2018-19, Rs. 1,26,310.00 in 2019-20, Rs. 94,636.00 crore in 2020-21 (R.E.) and Rs. 30,000.00 crore in 2021-22 (B.E.). The grand total support through both EBRs and loans from NSSF was Rs. 79,167.00 crore in 2016-17, Rs. 88,095.00 crore in 2017-18, Rs. 1,62,602.10 crore in 2018-19, Rs. 1,48,316.13 crore in 2019-20, Rs. 1,26,095.29 crore in 2020-21 (R.E.) and Rs. 30,000.00 crore in 2021-22 (B.E.).</p><p style="text-align:justify"><strong><em>References</em></strong></p><p style="text-align:justify">Fifteenth Finance Commission Volume-I Main Report, Report for 2021-26, October 2020, presented to the Parliament on 1st February, 2021, please <a href="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf" title="/upload/files/XVFC%20VOL%20I%20Main%20Report.pdf">click here</a> to access</p><p style="text-align:justify">All reports of Fifteenth Finance Commission for 2021-26, please <a href="https://fincomindia.nic.in/WriteReadData/html_en_files/15thFcReportIndex.html" title="https://fincomindia.nic.in/WriteReadData/html_en_files/15thFcReportIndex.html">click here</a> to access</p><p style="text-align:justify">Notes on Demands for Grants, 2021-2022, Department of Food and Public Distribution, please <a href="/upload/files/FCI%20demand%20for%20grants%202021-22.pdf" title="/upload/files/FCI%20demand%20for%20grants%202021-22.pdf">click here</a> to read more</p><p style="text-align:justify">Union Budget 2021-22 Speech dated 1st February, 2021, please <a href="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf" title="https://www.im4change.org/upload/files/Budget_Speech%20delivered%20on%201%20Feb%202021.pdf">click here</a> to access</p><p style="text-align:justify">Video: Presentation of the Union Budget by Finance Minister Nirmala Sitharaman 2021-2022, Doordarshan National, please <a href="https://www.youtube.com/watch?v=94aOjakOCD0" title="https://www.youtube.com/watch?v=94aOjakOCD0">click here</a> to access <em>(accessed on 4 February, 2021)</em></p><p style="text-align:justify"><strong>Image Courtesy: Doordarshan National YouTube Channel, please <a href="https://www.youtube.com/watch?v=94aOjakOCD0" title="https://www.youtube.com/watch?v=94aOjakOCD0">click here</a> to access</strong></p><p style="text-align:justify"> </p>
</div>
</td>
</tr>
</table>
</div>
</div>
</div>
<div class="clear"></div>
<div style="padding-top: 18px;">
<p class="post-tag">Tagged with:
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=15th Finance Commission"
title="15th Finance Commission">
15th Finance Commission </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Fertilizer Subsidy"
title="Fertilizer Subsidy">
Fertilizer Subsidy </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=FFC"
title="FFC">
FFC </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Fifteenth Finance Commission"
title="Fifteenth Finance Commission">
Fifteenth Finance Commission </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Food Corporation of India"
title="Food Corporation of India">
Food Corporation of India </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Food Subsidy"
title="Food Subsidy">
Food Subsidy </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Outstanding Liabilities"
title="Outstanding Liabilities">
Outstanding Liabilities </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Union Budget"
title="Union Budget">
Union Budget </a>
<a class="tagcloud5"
href="https://im4change.in/search?qryStr=Union Budget 2021-22"
title="Union Budget 2021-22">
Union Budget 2021-22 </a>
</p>
</div>
<div class="clear"></div>
<br><br>
<div class="widget-top">
<h4>Related Articles</h4>
<div class="stripe-line"></div>
</div>
<div class="widget-container">
<ul id="recentcomments">
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/india-allows-early-wheat-procurement-by-states-to-avert-distress-sale-by-farmers-shloka-badkar.html"
title="India allows early wheat procurement by states to avert distress sale by farmers - Shloka Badkar">
India allows early wheat procurement by states to avert distress sale by farmers - Shloka Badkar </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/unseasonal-rains-and-hail-damage-crops-in-india-mayank-bharadwaj.html"
title="Unseasonal rains and hail damage crops in India - Mayank Bharadwaj">
Unseasonal rains and hail damage crops in India - Mayank Bharadwaj </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/wheat-procurement-target-at-34-15-million-tonnes-for-2023-24-pti-the-print.html"
title="Wheat procurement target at 34.15 million tonnes for 2023-24 - PTI/The Print">
Wheat procurement target at 34.15 million tonnes for 2023-24 - PTI/The Print </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/government-sells-rs-900-crore-of-wheat-to-counter-food-price-spike-ravi-dutta-mishra.html"
title="Government sells Rs. 900 crore of wheat to counter food price spike - Ravi Dutta Mishra">
Government sells Rs. 900 crore of wheat to counter food price spike - Ravi Dutta Mishra </a>
</li>
<li class="recentcomments">
<a href="https://im4change.in/latest-news-updates/costly-wheat-and-the-cloud-over-our-daily-bread-sayantan-bera.html"
title="Costly wheat and the cloud over our daily bread - Sayantan Bera">
Costly wheat and the cloud over our daily bread - Sayantan Bera </a>
</li>
</ul>
</div>
<div class="comment-respond" id="respond">
<a name="commentbox"> </a>
<h3 class="comment-reply-title" id="reply-title">Write Comments</h3>
<form method="post" accept-charset="utf-8" role="form" action="/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html"><div style="display:none;"><input type="hidden" name="_method" value="POST"/></div> <form class="comment-form" id="commentform" method="post" action="#commentbox" onSubmit="return validate()"
name="cmtform">
<input type="hidden" name="cmttype" value="articlecmt"/>
<input type="hidden" name="article_id" value="58425"/>
<p class="comment-notes">Your email address will not be published. Required fields are marked <span
class="required">*</span></p>
<p class="comment-form-author">
<label for="commenterName">Name</label>
<span class="required">*</span>
<input type="text" aria-required="true" size="30"
value=""
name="commenterName" id="commenterName" required="true">
</p>
<p class="comment-form-email">
<label for="commenterEmail">Email</label> <span class="required">*</span>
<input aria-required="true" size="30" name="commenterEmail" id="commenterEmail" type="email"
value=""
required="true">
</p>
<p class="comment-form-contact">
<label for="commenterPh">Contact No.</label>
<input type="text" size="30"
value=""
name="commenterPh" id="commenterPh">
</p>
<p class="comment-form-comment">
<label for="comment">Comment</label>
<textarea aria-required="true" required="true" rows="8" cols="45" name="comment"
id="comment"></textarea>
</p>
<p class="comment-form-comment">
<label for="comment">Type the characters you see in the image below <span class="required">*</span><br><img
class="captchaImg"
src="https://im4change.in/securimage_show_art.php?tk=1514942616" alt="captcha"/>
</label>
</p>
<input type="text" name="vrcode" required="true"/>
<p class="form-submit" style="width: 200px;">
<input type="submit" value="Post Comment" id="submit" name="submit">
</p></form>
</div>
<style>
.ui-widget-content {
height: auto !important;
}
</style>
<div id="share-modal"></div>
<style>
.middleContent a{
background-color: rgba(108,172,228,.2);
}
.middleContent a:hover{
background-color: #418fde;
border-color: #418fde;
color: #000;
}
</style>
<script>
function shareArticle(article_id) {
var options = {
modal: true,
height: 'auto',
width: 600 + 'px'
};
$('#share-modal').html("");
$('#share-modal').load('https://im4change.in/share_article?article_id=' + article_id).dialog(options).dialog('open');
}
function postShare() {
var param = 'article_id=' + $("#article_id").val();
param = param + '&y_name=' + $("#y_name").val();
param = param + '&y_email=' + $("#y_email").val();
param = param + '&f_name=' + $("#f_name").val();
param = param + '&f_email=' + $("#f_email").val();
param = param + '&y_msg=' + $("#y_msg").val();
$.ajax({
type: "POST",
url: 'https://im4change.in/post_share_article',
data: param,
success: function (response) {
$('#share-modal').html("Thank You, Your message posted to ");
}
});
return false;
}
</script> </div>
</div>
<!-- Right Side Section Start -->
<!-- MAP Section START -->
<aside class="sidebar indexMarg">
<div class="ad-cell">
<a href="https://im4change.in/statemap.php" title="">
<img src="https://im4change.in/images/map_new_version.png?1582080666" alt="India State Map" class="indiamap" width="232" height="252"/> </a>
<div class="rightmapbox">
<div id="sideOne" class="docltitle"><a href="https://im4change.in/state-report/india/36" target="_blank">DOCUMENTS/
REPORTS</a></div>
<div id="sideTwo" class="statetitle"><a href="https://im4change.in/states.php"target="_blank">STATE DATA/
HDRs.</a></div>
</div>
<div class="widget widgePadTop"></div>
</div>
</aside>
<!-- MAP Section END -->
<aside class="sidebar sidePadbottom">
<div class="rightsmlbox1" >
<a href="https://im4change.in/knowledge_gateway" target="_blank" style="color: #035588;
font-size: 17px;">
KNOWLEDGE GATEWAY
</a>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title">
<a href="https://im4change.in/newsletter" target="_blank">
NEWSLETTER
</a>
</p>
</div>
</div>
<div class="rightsmlbox1" style="height: 325px;">
<div>
<p class="rightsmlbox1_title">
Interview with Prof. Ravi Srivastava
</p>
<p class="rightsmlbox1_title">
<a href="https://im4change.in/video/interview-with-prof-ravi-srivastava-on-current-economic-crisis">
<img width="250" height="200" src="/images/interview_video_home.jpg" alt="Interview with Prof. Ravi Srivastava"/>
</a>
<!--
<iframe width="250" height="200" src="https://www.youtube.com/embed/MmaTlntk-wc" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen=""></iframe>-->
</p>
<a href="https://im4change.in/videogallery" class="more-link CatArchalAnch1" target="_blank">
More videos
</a>
</div>
</div>
<div class="rightsmlbox1">
<div>
<!--div id="sstory" class="rightboxicons"></div--->
<p class="rightsmlbox1_title"><a href="https://im4change.in/list-success-stories" target="_blank">Success Stories</a></p>
</div>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title"><a
href="https://im4change.in/interviews" target="_blank">Interviews</a>
</p>
</div>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title"><a href="https://www.commoncause.in/page.php?id=10" >Donate</a></p>
</div>
</div>
<div class="rightsmlbox1">
<div>
<p class="rightsmlbox1_title"><a
href="https://im4change.in/marquee"
class="isf_link more-link" title="India Focus?" style="border: 4px solid #fdd922;width: 90%;background-color: #fdd922;text-align: center;color: #000000;font-size:18px" target="_blank">India Focus</a></p> </div>
</div>
<div class="rightsmlbox1" style="height: 104px !important;">
<a href="https://im4change.in/quarterly_reports.php" target="_blank">
Quarterly Reports on Effect of Economic Slowdown on Employment in India (2008 - 2015)
</a>
</div>
<!-- <div class="rightsmlbox1">
<a href="https://play.google.com/store/apps/details?id=com.im4.im4change" target="_blank">
</a></div> -->
<!-- <section class="cat-box recent-box secMarg">
<h2 class="cat-box-title">Most Visited</h2>
</section> -->
<!-- accordion Starts here -->
<!-- <div id="accordion" class="accordMarg">
</div> -->
<!-- accordion ends here -->
<!-- Widget Tag Cloud Starts here -->
<div id="tag_cloud-2" class="widget widget_tag_cloud">
<section class="cat-box recent-box secMarg">
<h2 class="cat-box-title">MOST VISITED TAGS</h2>
</section>
<div class="widget-top wiPdTp">
<div class="stripe-line"></div>
</div>
<div class="widget-container">
<div class="tagcloud">
<a href="https://im4change.in/search?qryStr=Agriculture"
target="_blank" class="tag-link-4 font4">Agriculture</a>
<a href="https://im4change.in/search?qryStr=Food Security"
target="_blank" class="tag-link-4 font4">Food Security</a>
<a href="https://im4change.in/search?qryStr=Law and Justice"
target="_blank" class="tag-link-4 font4">Law and Justice</a>
<a href="https://im4change.in/search?qryStr=Health"
target="_blank" class="tag-link-4 font4">Health</a>
<a href="https://im4change.in/search?qryStr=Right to Food"
target="_blank" class="tag-link-4 font4">Right to Food</a>
<a href="https://im4change.in/search?qryStr=Corruption"
target="_blank" class="tag-link-4 font4">Corruption</a>
<a href="https://im4change.in/search?qryStr=farming"
target="_blank" class="tag-link-4 font4">farming</a>
<a href="https://im4change.in/search?qryStr=Environment"
target="_blank" class="tag-link-4 font4">Environment</a>
<a href="https://im4change.in/search?qryStr=Right to Information"
target="_blank" class="tag-link-4 font4">Right to Information</a>
<a href="https://im4change.in/search?qryStr=NREGS"
target="_blank" class="tag-link-4 font4">NREGS</a>
<a href="https://im4change.in/search?qryStr=Human Rights"
target="_blank" class="tag-link-4 font4">Human Rights</a>
<a href="https://im4change.in/search?qryStr=Governance"
target="_blank" class="tag-link-4 font4">Governance</a>
<a href="https://im4change.in/search?qryStr=PDS"
target="_blank" class="tag-link-4 font4">PDS</a>
<a href="https://im4change.in/search?qryStr=COVID-19"
target="_blank" class="tag-link-4 font4">COVID-19</a>
<a href="https://im4change.in/search?qryStr=Land Acquisition"
target="_blank" class="tag-link-4 font4">Land Acquisition</a>
<a href="https://im4change.in/search?qryStr=mgnrega"
target="_blank" class="tag-link-4 font4">mgnrega</a>
<a href="https://im4change.in/search?qryStr=Farmers"
target="_blank" class="tag-link-4 font4">Farmers</a>
<a href="https://im4change.in/search?qryStr=transparency"
target="_blank" class="tag-link-4 font4">transparency</a>
<a href="https://im4change.in/search?qryStr=Gender"
target="_blank" class="tag-link-4 font4">Gender</a>
<a href="https://im4change.in/search?qryStr=Poverty"
target="_blank" class="tag-link-4 font4">Poverty</a>
<a href="https://im4change.in/search?qryStr=Farm Laws" target="_blank" class="tag-link-4 font4">Farm Laws
</a>
<a href="https://im4change.in/search?qryStr=Citizenship Amendment Act" target="_blank" class="tag-link-4 font4">Citizenship Amendment Act
</a>
<a href="https://im4change.in/search?qryStr=CAA NPR NRIC" target="_blank" class="tag-link-4 font4">CAA NPR NRIC
</a>
<a href="https://im4change.in/search?qryStr=Job Losses" target="_blank" class="tag-link-4 font4">Job Losses
</a>
<a href="https://im4change.in/search?qryStr=Migrant Workers" target="_blank" class="tag-link-4 font4">Migrant Workers
</a>
<a href="https://im4change.in/search?qryStr=Unemployment" target="_blank" class="tag-link-4 font4">Unemployment
</a>
<a href="https://im4change.in/search?qryStr=PMGKAY" target="_blank" class="tag-link-4 font4">PMGKAY
</a>
<a href="https://im4change.in/search?qryStr=PM-KISAN" target="_blank" class="tag-link-4 font4">PM-KISAN
</a>
<a href="https://im4change.in/search?qryStr=PM-CARES" target="_blank" class="tag-link-4 font4">PM-CARES
</a>
<a href="https://im4change.in/search?qryStr=LFPR" target="_blank" class="tag-link-4 font4">LFPR
</a>
</div>
</div>
</div>
<!-- Widget Tag Cloud Ends here -->
</aside>
<!-- Right Side Section End -->
</div>
<section class="cat-box cats-review-box footerSec">
<h2 class="cat-box-title vSec CatArcha">Video
Archives</h2>
<h2 class="cat-box-title CatArchaTitle">Archives</h2>
<div class="cat-box-content">
<div class="reviews-cat">
<div class="CatArchaDiv1">
<div class="CatArchaDiv2">
<ul>
<li>
<a href="https://im4change.in/news-alerts-57/moving-upstream-luni-fellowship.html" target="_blank">
Moving Upstream: Luni – Fellowship </a>
</li>
<li>
<a href="https://im4change.in/news-alerts-57/135-million-indians-exited-multidimensional-poverty-as-per-government-figures-is-that-the-same-as-poverty-reduction.html" target="_blank">
135 Million Indians Exited “Multidimensional" Poverty as per Government... </a>
</li>
<li>
<a href="https://im4change.in/news-alerts-57/explainer-why-are-tomato-prices-on-fire.html" target="_blank">
Explainer: Why are Tomato Prices on Fire? </a>
</li>
<li>
<a href="https://im4change.in/news-alerts-57/nsso-survey-only-39-1-of-all-households-have-drinking-water-within-dwelling-46-7-of-rural-households-use-firewood-for-cooking.html" target="_blank">
NSSO Survey: Only 39.1% of all Households have Drinking... </a>
</li>
<li class="CatArchalLi1">
<a href="https://im4change.in/news-alerts-57"
class="more-link CatArchalAnch1" target="_blank">
More...
</a>
</li>
</ul>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/I51LYnP8BOk/1.jpg"
alt=" Im4Change.org हिंदी वेबसाइट का परिचय. Short Video on im4change.org...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Short-Video-on-im4change-Hindi-website-Inclusive-Media-for-Change" target="_blank">
Im4Change.org हिंदी वेबसाइट का परिचय. Short Video on im4change.org... </a>
</p>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/kNqha-SwfIY/1.jpg"
alt=" "Session 1: Scope of IDEA and AgriStack" in Exploring...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Session-1- Scope-of-IDEA-and-AgriStack-in-Exploring-Digitalisation-in-Agriculture-29-April-2022" target="_blank">
"Session 1: Scope of IDEA and AgriStack" in Exploring... </a>
</p>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/6kIVjlgZItk/1.jpg"
alt=" "Session 2: Farmer Centric Digitalisation in Agriculture" in Exploring...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Session-2-Farmer-Centric-Digitalisation-in-Agriculture-in-Exploring-Digitalisation-in-Agriculture-29-April-2022" target="_blank">
"Session 2: Farmer Centric Digitalisation in Agriculture" in Exploring... </a>
</p>
</div>
<div class="CatArchaWidth">
<img class="CatArchaImg"
src="https://img.youtube.com/vi/2BeHTu0y7xc/1.jpg"
alt=" "Session 3: Future of Digitalisation in Agriculture" in Exploring...">
<p class="CatArchaPPad">
<a href="https://im4change.in/video/Session-3-Future-of-Digitalisation-in-Agriculture-in-Exploring-Digitalisation-in-Agriculture-29-April-2022" target="_blank">
"Session 3: Future of Digitalisation in Agriculture" in Exploring... </a>
</p>
</div>
<div class="divWidth">
<ul class="divWidthMarg">
<li>
<a href="https://im4change.in/video/Public-Spending-on-Agriculture-in-India-Source-Foundation-for-Agrarian-Studies"
title="Public Spending on Agriculture in India (Source: Foundation for Agrarian Studies)" target="_blank">
Public Spending on Agriculture in India (Source: Foundation for...</a>
</li>
<li>
<a href="https://im4change.in/video/Agrarian-Change-Seminar-Protests-against-the-New-Farm-Laws-in-India-by-Prof-Vikas-Rawal-JNU-Source-Journal-Of-Agrarian-Change"
title="Agrarian Change Seminar: 'Protests against the New Farm Laws in India' by Prof. Vikas Rawal, JNU (Source: Journal Of Agrarian Change) " target="_blank">
Agrarian Change Seminar: 'Protests against the New Farm Laws...</a>
</li>
<li>
<a href="https://im4change.in/video/Webinar-Ramrao-The-Story-of-India-Farm-Crisis-Source-Azim-Premji-University"
title="Webinar: Ramrao - The Story of India's Farm Crisis (Source: Azim Premji University)" target="_blank">
Webinar: Ramrao - The Story of India's Farm Crisis...</a>
</li>
<li>
<a href="https://im4change.in/video/water-and-agricultural-transformation-in-India"
title="Water and Agricultural Transformation in India: A Symbiotic Relationship (Source: IGIDR)" target="_blank">
Water and Agricultural Transformation in India: A Symbiotic Relationship...</a>
</li>
<li class="CatArchalLi1">
<a href="https://im4change.in/videogallery"
class="more-link CatArchalAnch1" target="_blank">
More...
</a>
</li>
</ul>
</div>
</div>
</div>
</div>
</section> </div>
<div class="clear"></div>
<!-- Footer option Starts here -->
<div class="footer-bottom fade-in animated4">
<div class="container">
<div class="social-icons icon_flat">
<p class="SocialMargTop"> Website Developed by <a target="_blank" title="Web Development"
class="wot right"
href="http://www.ravinderkhurana.com/" rel="nofollow">
RAVINDErkHURANA.com</a></p>
</div>
<div class="alignleft">
<a
target="_blank" href="https://im4change.in/objectives-8.html"
class="link"
title="Objectives">Objectives</a> | <a
target="_blank" href="https://im4change.in/about-us-9.html"
class="link" title="About Us">About Us</a> | <a
target="_blank" href="https://im4change.in/media-workshops.php"
class="ucwords">Workshops</a> | <a
target="_blank" href="https://im4change.in/disclaimer/disclaimer-149.html"
title="Disclaimer">Disclaimer</a> </div>
</div>
</div>
<!-- Footer option ends here -->
</div>
<div id="connect">
<a target="_blank"
href="http://www.facebook.com/sharer.php?u=https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html"
title="Share on Facebook">
<img src="https://im4change.in/images/Facebook.png?1582080640" alt="share on Facebook" class="ImgBorder"/>
</a><br/>
<a target="_blank"
href="http://twitter.com/share?text=Im4change&url=https://im4change.in/news-alerts-57/fiscal-transparency-jacks-up-expenditure-numbers-in-the-union-budget-2021-22.html"
title="Share on Twitter">
<img src="https://im4change.in/images/twitter.png?1582080632" alt="Twitter" class="ImgBorder"/> </a>
<br/>
<a href="/feeds" title="RSS Feed" target="_blank">
<img src="https://im4change.in/images/rss.png?1582080632" alt="RSS" class="ImgBorder"/>
</a>
<br/>
<a class="feedback-link" id="feedbackFormLink" href="#">
<img src="https://im4change.in/images/feedback.png?1582080630" alt="Feedback" class="ImgBorder"/>
</a> <br/>
<a href="javascript:function iprl5(){var d=document,z=d.createElement('scr'+'ipt'),b=d.body,l=d.location;try{if(!b)throw(0);d.title='(Saving...) '+d.title;z.setAttribute('src',l.protocol+'//www.instapaper.com/j/WKrH3R7ORD5p?u='+encodeURIComponent(l.href)+'&t='+(new Date().getTime()));b.appendChild(z);}catch(e){alert('Please wait until the page has loaded.');}}iprl5();void(0)"
class="bookmarklet" onclick="return explain_bookmarklet();">
<img src="https://im4change.in/images/read-it-later.png?1582080632" alt="Read Later" class="ImgBorder"/> </a>
</div>
<!-- Feedback form Starts here -->
<div id="feedbackForm" class="overlay_form" class="ImgBorder">
<h2>Contact Form</h2>
<div id="contactform1">
<div id="formleft">
<form id="submitform" action="/contactus.php" method="post">
<input type="hidden" name="submitform" value="submitform"/>
<input type="hidden" name="salt_key" value="a0e0f2c6a0644a70e57ad2c96829709a"/>
<input type="hidden" name="ref" value="feedback"/>
<fieldset>
<label>Name :</label>
<input type="text" name="name" class="tbox" required/>
</fieldset>
<fieldset>
<label>Email :</label>
<input type="text" name="email" class="tbox" required/>
</fieldset>
<fieldset>
<label>Message :</label>
<textarea rows="5" cols="20" name="message" required></textarea>
</fieldset>
<fieldset>
Please enter security code
<div class="clear"></div>
<input type="text" name="vrcode" class="tbox"/>
</fieldset>
<fieldset>
<input type="submit" class="button" value="Submit"/>
<a href="#" id="closefeedbakcformLink">Close</a>
</fieldset>
</form>
</div>
<div class="clearfix"></div>
</div>
</div>
<div id="donate_popup" class="modal" style="max-width: 800px;">
<table width="100%" border="1">
<tr>
<td colspan="2" align="center">
<b>Support im4change</b>
</td>
</tr>
<tr>
<td width="25%" valign="middle">
<img src="https://im4change.in/images/logo2.jpg?1582080632" alt="" width="100%"/> </td>
<td style="padding-left:10px;padding-top:10px;">
<form action="https://im4change.in/donate" method="get">
<table width="100%" cellpadding="2" cellspacing="2">
<tr>
<td width="33%" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
10
</td>
<td width="33%" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
100
</td>
<td width="33%" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
1000
</td>
</tr>
<tr>
<td colspan="3">
</td>
</tr>
<tr>
<td style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
50
</td>
<td style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
500
</td>
<td style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
<input type="text" name="price" placeholder="?" style="font-family: 'Script Font', cursive, Arial;font-size: 20px;font-weight: 700;">
</td>
</tr>
<tr>
<td colspan="3">
</td>
</tr>
<tr>
<td colspan="3" align="right">
<input type="button" name="Pay" value="Pay"
style="width: 200px;background-color: rgb(205, 35, 36);color: #ffffff;"/>
</td>
</tr>
</table>
</form>
</td>
</tr>
</table>
</div><script type='text/javascript'>
/* <![CDATA[ */
var tievar = {'go_to': 'Go to...'};
/* ]]> */
</script>
<script src="/js/tie-scripts.js?1575549704"></script><script src="/js/bootstrap.js?1575549704"></script><script src="/js/jquery.modal.min.js?1578284310"></script><script>
$(document).ready(function() {
// tell the autocomplete function to get its data from our php script
$('#s').autocomplete({
source: "/autocomplete"
});
});
</script>
<script src="/vj-main-sw-register.js" async></script>
<script>function init(){var imgDefer=document.getElementsByTagName('img');for(var i=0;i<imgDefer.length;i++){if(imgDefer[i].getAttribute('data-src')){imgDefer[i].setAttribute('src',imgDefer[i].getAttribute('data-src'))}}}
window.onload=init;</script>
</body>
</html>'
}
$cookies = []
$values = [
(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39
NEWS ALERTS | Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22
Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22
Published on Feb 4, 2021
Modified on May 14, 2021
In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Reportfor 2021-26. But first, let us discuss 'fertilizer subsidy'.
The budget documents for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from Rs. 1,33,947 crore in 2020-21 (revised estimate) to Rs. 79,530 crore in 2021-22 (budget estimate). However, the budgetary allocation on ‘fertilizer subsidy’ was Rs. 71,309 crore in 2020-21 (B.E.), which is almost half of the revised estimate figure for 2020-21. The large difference between B.E. and R.E. figures for expenditure on 'fertilizer subsidy' in 2020-21 occurred on account of change in the accounting practice [as recommended by the Comptroller and Auditor General (CAG) of India and the 15th Finance Commission, among others], and moving away from the 'off-budget financing' mode to a more transparent way of depicting expenditure under that head.
It needs to be mentioned here that the Union Government resorted to Special Banking Arrangement (SBA) in order to meet the liquidity requirements of fertilizer companies arising out of the 'fertilizer subsidy', which is announced in every year's Union Budget. The main report of the 15th Finance Commissionfor 2021-26, which was presented in the Parliament on 1st February, 2021, explains that the SBA is short-term credit from public sector banks to meet the mismatch in budget allocations and actual amount due at the end of the financial year. The Union Government pays interest to banks at the G-Sec rate and the interest above the G-sec rate is borne by the fertilizer companies. The stock of extra-budgetary resources pertaining to fertilizer subsidies as of March 2020 was nearly Rs. 40,000 crore.
The 15th Finance Commission reportfor 2021-26 mentions that the Food Corporation of India (FCI) relies on a number of instruments such as bonds, unsecured short-term loans and National Small Savings Fund (NSSF) loans from the Union Government in order to cover the deficit in the budgetary allocation for ‘food subsidy’. It should be noted here that the outstanding stock of NSSF loans to FCI as of March 2020 was about Rs. 3.2 lakh crore.
Therefore, much of the difference between B.E. (i.e. Rs. 30,42,230 crore) and R.E. (i.e. Rs. 34,50,305 crore) figures (i.e. by nearly Rs. 4,08,075 crore) pertaining to total Government expenditure in 2020-21 has been observed due to the Union Government taking recourse to a more transparent way of financing its schemes/ programmes and reporting its fiscal deficit instead of relying on 'off-budget financing'.
---
---
Recommendations by the 15th Finance Commission report for 2021-26
Table-1 shows that the proportion of Union Government's extra-budgetary resources in India's gross domestic product (GDP) has increased from 0.1 percent to 0.8 percent between 2016-17 and 2020-21 (B.E.). The main report of the 15th Finance Commissionfor 2021-26 says that the Union Government has been resorting to off-budget financing (the details of which have been discussed earlier) in the form of deferment of expenditure to the following year, aside from the reported EBR. The Union Government started including details of extra-budgetary resources in its Medium-term Fiscal Policy Statement from 2019-20 in order to restore the integrity of fiscal accounts.
Table 1: Outstanding Liabilities of the Union Government (percent of GDP)
Source: Fifteenth Finance Commission Volume-I Main Report, Report for 2021-26, October 2020, presented to the Parliament on 1st February, 2021,please click here to access ---
Earlier the CAG of India in its Report no. 20 of 2018 on compliance with the Fiscal Responsibility and Budget Management Act by the Union Government had stated about the malpractice of off-budget financing by the Union Government. Full budgetary provision in the year of incurring expenditures needs to be made for eliminating the practice of short-term borrowings to finance fertilizer subsidies and lending to FCI through NSSF, recommends the recently released Finance Commission report. It suggests that the expenditures arising out of current transactions needs to be separated from the accumulated liabilities of extra-budgetary transactions. Additional resources need to be mobilised by the Union Government through administrative and governance reforms so that scarce resources are released for clearing outstanding liabilities. In case of both ‘food subsidy’ and ‘fertilizer subsidy’, it has been suggested that the Union Government should carry out pricing and administrative/ governance reforms for eliminating dependence on extra-budgetary resources in a time-bound manner. Deficit and debt needs to be reported transparently as is required as per the amended Fiscal Responsibility and Budget Management Act of 2018.
The newly released 15th Finance Commission report advises the Union Government to draw up an appropriate plan for introducing such measures that will ensure repayments of outstanding extra-budgetary liabilities in a time-bound manner. Building on the definition of ‘Central Government Debt’ in the amended FRBM Act, the latest available report of the 15th Finance Commissionfor 2021-26 mentions that the Union and State accounts should include debts of all government entities and agencies/ corporations that deliver public services on behalf of the Union or State Governments, including all autonomous bodies, parastatals, and extra-budgetary funds at the Union and state-levels.
International experience shows that the realisation of risks originating from ineffective surveillance at all levels of government, especially from sub-national governments and extra-budgetary borrowing of the ‘public sector’ have triggered financial crises time and again, states the 15th Finance Commission main report for 2021-26.
What does the Union Budget say about EBRs and loans from NSSF?
The budget speech of the Minister of Finance reveals that apart from providing the figures related to borrowings of the Union Government agencies that went towards funding Government of India's schemes/ programmes, and whose repayment burden was on the Government, the loans provided by the Government to FCI have also been disclosed in the latest budget.
Table 2 (a): Statement of Extra-Budgetary Resources (EBRs) (Govt. fully serviced bonds, NSSF loan and other resources)
Source: Union Budget 2021-22 Speech dated 1st February, 2021, please click here to access ---
Clearly, the Statement of Extra-Budgetary Resources (i.e. table-2a) indicates that the EBRs mobilised through issuance of Government fully serviced bonds were Rs. 9,167.00 crore in 2016-17, Rs. 15,095.00 crore in 2017-18, Rs. 65,602.10 crore in 2018-19, Rs. 22,006.30 crore in 2019-20, Rs. 31,459.29 crore in 2020-21 (R.E.) and nil in 2021-22 (B.E.).
Table 2 (b): Financial support extended through loans from NSSF (in Rs. crore)
Source: Union Budget 2021-22 Speech dated 1st February, 2021, please click here to access ---
Table-2b shows that the financial support extended through loans from NSSF was Rs. 70,000.00 crore in 2016-17, Rs. 73,000.00 crore in 2017-18, Rs. 97,000.00 crore in 2018-19, Rs. 1,26,310.00 in 2019-20, Rs. 94,636.00 crore in 2020-21 (R.E.) and Rs. 30,000.00 crore in 2021-22 (B.E.). The grand total support through both EBRs and loans from NSSF was Rs. 79,167.00 crore in 2016-17, Rs. 88,095.00 crore in 2017-18, Rs. 1,62,602.10 crore in 2018-19, Rs. 1,48,316.13 crore in 2019-20, Rs. 1,26,095.29 crore in 2020-21 (R.E.) and Rs. 30,000.00 crore in 2021-22 (B.E.).
References
Fifteenth Finance Commission Volume-I Main Report, Report for 2021-26, October 2020, presented to the Parliament on 1st February, 2021, please click here to access
All reports of Fifteenth Finance Commission for 2021-26, please click here to access
Notes on Demands for Grants, 2021-2022, Department of Food and Public Distribution, please click here to read more
Union Budget 2021-22 Speech dated 1st February, 2021, please click here to access
Video: Presentation of the Union Budget by Finance Minister Nirmala Sitharaman 2021-2022, Doordarshan National, please click here to access (accessed on 4 February, 2021)
Image Courtesy: Doordarshan National YouTube Channel, please click here to access
Write Comments