2. Introduction to the Union Budget
โข A financial statement with total
expenditure of government.
โข It contains the total revenue of
govt. as well.
โข It includes allocation of funds to
different sectors of economy.
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3. Types of Budgets in India
BUDGET
Balanced Budget
Surplus Budget
Defecit Budget
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4. โข Accurate spending sectors
โข Accurate receipt sectors
โข Estimate of savings
โข Accurate track of liquidity
โข Demonstration of areas of
improvement
Amenities of an ideal Budget
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5. โข Union Budget 2013 - 14
PM โ Mr. Manmohan Singh
FM โ Mr. P. Chidambaram
โข Union Budget 2014 - 15
PM โ Mr. Narendra Modi
FM โ Mr. Arun Jaitley
Budgets for Comparision
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6. Union Budget 2013-14
โข In 2013 โ 14 the Budget was
presented by Mr P. Chidambaram.
โข He sought to increase allocation to
key areas.
โข He provided incentives for
investments and savings.
โข Major challenge was to bring back
growth rate to 8%.
โข Govt. sought to elate human
development.
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7. โข In 2014-15 the budget was
presented by Mr. Arun Jaitley.
โข The incumbent Ministry had an
urge to grow from the curse of
poverty.
โข Major focus was to bring desired
growth rate, lower inflation and
replenish lack of infrastructure.
โข Focus was also on macro- economic
stabilization.
Union Budget 2014 โ 15
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8. Comparison of the Budgets
Basis of
Comparison
Union Budget
(2013-14)
Union Budget
(2014-15)
Presented by Mr P.
Chidambaram
Mr Arun Jaitley
Total
Expenditure
โน16,65,297 crores โน17,94,892 crores
Plan Expenditure โน5,55,322 crores โน5,75,000 crores
Non- Plan
Expenditure
โน11,09,975 crores โน12,19892 crores
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9. Contd.
Allocation to
Agriculture Sector
โน27,049 crores โน8,50,000 crores
Allocation to
Education Sector
โน38,919 crores โน35,231 crores
Allocation to Rural
Development
โน80,194 crores โน80,093 crores
Planned Economic
Growth
5.4 โ 5.9 % 8.1 โ 8.5%
Allocation to
Defence Sector
โน2,03,672 crores โน2,29,000 crores
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10. Analysis of the Budgets
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After Skimming the budgets of 2013-14 and 2014-15 the following
analysis could be extrapolated:-
โข The targeted growth rate in 2013-14 was significantly achieved while
the targets set in 2014-15 could not be achieved.
โข At the end of fiscal year 2014 India ranked 9th in GDP whereas at the
end of 2015 it ranked 7th in the table.
โข The Modi Govt. spent more on agriculture and defence than the
Manmohan govt.
โข The 2013-14 saw more spending on the Education sector and the
Rural Develpoment than 2014-15.
โข Thus, keeping in mind the economic growth and the set targets of
both the Ministries it can be concluded that the Ministry of Finance
performed better in 2014-15.
