I finally got a chance to look more closely at the #EconomicSurvey2022 numbers and really surprised with some of the numbers - particularly with respect to health. A few examples:
As a share of the GDP, India spent the same proportion in 2019-20 as it did in 2015-16, i.e. 1.3% on Health. In fact, 2019-20 was lower than the previous year. (the commitment increase public health spending to 2.5% of GDP by 2025, which was made pre-pandemic & said for yrs)
The survey speaks about health prioritisation - but as a share of total expenditure which can be a proxy for prioritisation, again 2019-20 (pre pandemic) was the same as 2016-17 (5%).
In fact, even for 2020-21 Revised Estimates which have definitely seen more funds for health given the pandemic - the proportions at 5.4% of total expenditure are the same as they 2017-18.
Table to look at 👇🏽
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A few highlights (1/n)
We massively under budget and also underspend.
Building on work done by @PMenonIFPRI & team- to budget for every eligible person would need Rs 42,033 Cr for SNP in 21-22. Actual approved budgets (including state shares) were Rs 17,392 Cr or 41% of this.
2/n In 2017, Govt had committed to annually increase per person costs under SNP based on inflation. Unfortunately that hasn’t been done. Accounting for it total requirements increase to Rs 50,414 cr!
We analysed recent State #budgets of 17 states to understand their fiscal position prior to the #COVIDー19 crisis. The paper includes revenue estimations, expenditures & policy changes such as Ways & Means Advances & GST. Do read and share. Comments welcome.
A few key findings.
From FY 2017-18 to FY 2019-20 REs, per-capita revenue receipts registered an increasing trend. BEs for FY 2020-21 anticipated a further rise. These, however, are likely to be significantly lower in the REs of FY 2020-21 due to the impact of COVID-19. (1/10)
On average, only around 50% of revenue receipts are from Own Source Resources. For some States, the proportions are significantly lower at 22% (Bihar) & 13% (Mizoram). OSR has also been declining over the years
~ increasing fiscal dependence on the Union government. (2/10)