New Delhi: As 2019 elections will approach near, more funds will be allocated in the various social sector schemes including MGNREGA, housing, irrigation, education and connectivity as the government is planning to boost spending in the key areas.
According to the medium-term expenditure framework statement tabled in Parliament by finance minister Arun Jaitley on Thursday, the Centre's total spending is set to reach Rs 26 lakh crore in 2019-20, up from around Rs 21.5 lakh crore estimated in 2017-18, an increase of around 21%. Government spending on social sector schemes is expected to increase in the run-up to the 2019 general elections. But the government has promised to stick to the path of keeping public finances in shape and committed itself to fiscal consolidation. The government has budgeted Rs 48,000 crore for the Mahatma Gandhi National Rural Employment Guarantee programme in the current fiscal. This is likely to go up to Rs 55,000 crore in 2018-19 and Rs 60,000 crore by 2019-20, an increase of over 25% from the current year's estimate.
According to a report in TOI, the Pradhan Mantri Awas Yojana(urban) will register a jump of approximately 15% by 2019-20 from this year's Rs 6,043 crore to Rs 13,000 crore. Infrastructure ministries such as railways, road and highways are also likely to witness a jump in their spending in 2018-19 to 2019-20. The finance ministry said the statement included some select social sector schemes to give a focus to the spending pattern.