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Q55 (UPPCS/2023) Economy › Government Finance & Budget

With reference to the scheme wise allocation in the 2023-24 Union Budget, which of the following statement/s is/are correct?
(1) Compared to the previous year, highest percentage of decline has been recorded in the allocation for MGNREGA.
(2) Compared to the previous year, highest percentage of growth has been recorded in the allocation for Jal Jeevan Mission.
Select the correct answer using the code given below -
Code -

Explanation

According to the Union Budget 2023-24 documents:

  • Statement 1 is correct: The allocation for MGNREGA was reduced to ₹60,000 crore (BE 2023-24) from ₹73,000 crore (BE 2022-23), representing a decline of approximately 17.8%. If compared to the Revised Estimate (RE) of ₹89,400 crore for 2022-23, the decline is even sharper at about 33%. Among major social sector schemes, this was the highest percentage decline.
  • Statement 2 is incorrect: While the Jal Jeevan Mission saw an increase (from ₹60,000 crore BE 2022-23 to ₹70,000 crore BE 2023-24, a ~16.7% growth), it was not the highest. The Pradhan Mantri Awas Yojana (PMAY) saw a much higher growth of approximately 66%, with its allocation rising from ₹48,000 crore to ₹79,590 crore. Other schemes like the Eklavya Model Residential Schools also saw significantly higher percentage increases.
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