Finance Minister Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an expression of 130 crore Indians who have full confidence in their capabilities and skills.
She said that Budget proposals will further strengthen the Sankalp of Nation First, Doubling Farmer’s Income, Strong Infrastructure, Healthy India, Good Governance, Opportunities for youth, Education for All, Women Empowerment, and Inclusive Development among others. Additionally, also on the path to fast-implementation are the 13 promises of Budget 2015-16-which were to materialize during the AmrutMahotsav of 2022, on the 75th year of our Independence. They too resonate with this vision of AatmaNirbharta, she added.
The Budget proposals for 2021-22 rest on 6 pillars.
- Health and Wellbeing
- Physical & Financial Capital, and Infrastructure
- Inclusive Development for Aspirational India
- Reinvigorating Human Capital
- Innovation and R&D
- Minimum Government and Maximum Governance
Fiscal Position
| Item | Original BE 2020-21 | RE 2020-21 | BE 2021-22 |
| Expenditure | `30.42 lakh crore
|
`34.50 lakh crore | `34.83 lakh crore |
| Capital Expenditure | `4.12 lakh crore | `4.39 lakh crore | ` 5.5 lakh crore |
| Fiscal Deficit (as % of GDP) | – | 9.5% | 6.8% |