The budget has tried to focus on the quality of growth by identifying inclusive development, green growth, women and youth power as priority areas. What will be critical is how the schemes and policies identified are implemented
At Rs 86,000 crore, the allocation for the jobs scheme breaks the trend of providing a smaller amount compared to the previous year’s revised estimate.
For 2024-25, the key challenge is ramping up disinvestment and asset monetization programs to fund critical spends without compromising the deficit. Additionally, completing flagship welfare schemes and increasing investment spending are priorities.
Union Budget 2024: The finance ministry may allocate about ₹13,500 crore more for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in this financial year, bringing the total outlay to about ₹88,000 crore. The additional amount could be part of the second batch of supplementary demands for grants, reflecting in the revised estimate.