Explorer

Union Budget 2022: All Eyes On Key Numbers

The Budget for 2022-23 is widely expected to boost spending towards policies that create jobs, boost manufacturing, helping rural, and agri-economy, and infrastructure creation

New Delhi: Finance Minister Nirmala Sitharaman will be presenting her fourth Budget that will aim at maintaining the world's fastest-growing economy tag for India.

Here are the key numbers to watch out for in the Budget for 2022-23, which is widely expected to boost spending towards policies that create jobs, boost manufacturing, helping rural and agri-economy and infrastructure creation.

Sitharaman, who had in her first budget in 2019 replaced leather briefcase — which had been in use for decades for carrying budget documents -- with a traditional red cloth 'bahi-khata', has spurt in tax collections to her aid in the budget that is expected to a spend-all budget.

Covid Spending: India had started the world's largest Covid inoculation programme on January 16, 2021. The expenditure on vaccination this fiscal, as well as in the next would be the most-watched figures in the Budget. The Budget estimate for vaccine expenditure for the current fiscal was Rs 35,000 crore.

Fiscal Deficit: The budgeted fiscal deficit, which is the difference between the government expenditure and income, for the current fiscal ending March 2021 is 6.8 per cent, against 9.3 per cent in the last fiscal. The number for the 2022-23 fiscal would be in focus.

Disinvestment: The government has rarely met the high disinvestment targets set in Budgets. With a focus on privatisation and keeping in mind fiscal consolidation and capital expenditure, the number would be closely watched.

Capital Expenditure: The government's planned capital expenditure for this fiscal is budgeted at over Rs 5.5 lakh crore. The government has to push infrastructure creation and this number would be in focus for the next fiscal too.

Tax Revenue: The government has budgeted a 9.5 per cent growth in tax collections at Rs 22.2 lakh crore for the 2021-22 fiscal (April-March, 2022). With Economic Survey projecting a GDP growth of 8-8.5 per cent in the next fiscal, the buoyancy in tax revenue too would be closely watched.

Borrowing: The government's gross borrowing budget was at Rs 12.05 lakh crore, while net borrowing was pegged at Rs 9.37 lakh crore in the current financial year ending March 31. The government borrows from the market to fund its fiscal deficit and the borrowing number would be watched by the market, especially on the back of expected higher capital expenditures to boost growth.

(This story is published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

View More
Advertisement

IPL Auction 2025

Most Expensive Players In The Squad
Virat Kohli
₹21 CR
Josh Hazlewood
₹12.50 CR
Phil Salt
₹11.50 CR
View all
Most Expensive Players In The Squad
Rishabh Pant
₹27 CR
Nicholas Pooran
₹21 CR
Ravi Bishnoi
₹11 CR
View all
Most Expensive Players In The Squad
Jasprit Bumrah
₹18 CR
Suryakumar Yadav
₹16.35 CR
Hardik Pandya
₹16.35 CR
View all
Most Expensive Players In The Squad
Heinrich Klaasen
₹23 CR
Pat Cummins
₹18 CR
Abhishek Sharma
₹14 CR
View all
Most Expensive Players In The Squad
Ruturaj Gaikwad
₹18 CR
Ravindra Jadeja
₹18 CR
Matheesha Pathirana
₹13 CR
View all
Most Expensive Players In The Squad
Shreyas Iyer
₹26.75 CR
Arshdeep Singh
₹18 CR
Yuzvendra Chahal
₹18 CR
View all
Most Expensive Players In The Squad
Sanju Samson
₹18 CR
Yashaswi Jaiswal
₹18 CR
Riyan Parag
₹14 CR
View all
Most Expensive Players In The Squad
Venkatesh Iyer
₹23.75 CR
Rinku Singh
₹13 CR
Varun Chakaravarthy
₹12 CR
View all
Most Expensive Players In The Squad
Rashid Khan
₹18 CR
Shubman Gill
₹16.50 CR
Jos Buttler
₹15.75 CR
View all
Most Expensive Players In The Squad
Axar Patel
₹16.50 CR
KL Rahul
₹14 CR
Kuldeep Yadav
₹13.25 CR
View all
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Bangladesh High Court Rejects Plea To Ban ISKCON Activities
Bangladesh High Court Rejects Plea To Ban ISKCON Activities
Blast Near PVR In Delhi's Prashant Vihar During Arvind Kejriwal's Press Conference
Blast Near PVR In Delhi's Prashant Vihar During Arvind Kejriwal's Press Conference
Priyanka Gandhi Joins Brother Rahul In Lok Sabha, Takes Oath As Wayanad MP Holding Constitution
Priyanka Gandhi Joins Brother Rahul In Lok Sabha, Takes Oath As Wayanad MP Holding Constitution
Cyclone Fengal Landfall Likely On Saturday, Orange Alert In Tamil Nadu And Andhra Pradesh
Cyclone Fengal Landfall Likely On Saturday, Orange Alert In Tamil Nadu And Andhra
Advertisement
ABP Premium

Videos

Breaking News: Controversy Erupts Over Claim of Temple Inside Ajmer Dargah in RajasthanBreaking News: ED Team Attacked in Delhi's Bijwasan Area | ABP NewsSambhal Mosque Clash: Tightened Security Ahead of Namaz Following Violence | ABP NewsShocking Video from Sambhal Mosque Clash Day Will Leave You Stunned | ABP News

Photo Gallery

Embed widget