The document compares the Union Budgets of India for 2013-14 and 2014-15. It notes that the 2013-14 budget was presented by P. Chidambaram and sought to increase allocations to key areas and provide incentives for investment and savings. The 2014-15 budget was presented by Arun Jaitley and focused on achieving higher growth, lower inflation, and infrastructure development. While the 2013-14 budget allocated more to education and rural development, the 2014-15 budget allocated more to agriculture and defense and targeted a higher planned economic growth rate of 8.1-8.5%, though this target was not ultimately achieved.

1. Presented by:- Shikhar Mehrotra
Roll number :- 201810702110036
BUDGET
COMPARISION

2. Introduction to the Union Budget
• A financial statement with total
expenditure of government.
• It contains the total revenue of
govt. as well.
• 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. • Accurate spending sectors
• Accurate receipt sectors
• Estimate of savings
• Accurate track of liquidity
• Demonstration of areas of
improvement
Amenities of an ideal Budget
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5. • Union Budget 2013 - 14
PM – Mr. Manmohan Singh
FM – Mr. P. Chidambaram
• Union Budget 2014 - 15
PM – Mr. Narendra Modi
FM – Mr. Arun Jaitley
Budgets for Comparision
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6. Union Budget 2013-14
• In 2013 – 14 the Budget was
presented by Mr P. Chidambaram.
• He sought to increase allocation to
key areas.
• He provided incentives for
investments and savings.
• Major challenge was to bring back
growth rate to 8%.
• Govt. sought to elate human
development.
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7. • In 2014-15 the budget was
presented by Mr. Arun Jaitley.
• The incumbent Ministry had an
urge to grow from the curse of
poverty.
• Major focus was to bring desired
growth rate, lower inflation and
replenish lack of infrastructure.
• Focus was also on macro- economic
stabilization.
Union Budget 2014 – 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
₹16,65,297 crores ₹17,94,892 crores
Plan Expenditure ₹5,55,322 crores ₹5,75,000 crores
Non- Plan
Expenditure
₹11,09,975 crores ₹12,19892 crores
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9. Contd.
Allocation to
Agriculture Sector
₹27,049 crores ₹8,50,000 crores
Allocation to
Education Sector
₹38,919 crores ₹35,231 crores
Allocation to Rural
Development
₹80,194 crores ₹80,093 crores
Planned Economic
Growth
5.4 – 5.9 % 8.1 – 8.5%
Allocation to
Defence Sector
₹2,03,672 crores ₹2,29,000 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:-
• The targeted growth rate in 2013-14 was significantly achieved while
the targets set in 2014-15 could not be achieved.
• At the end of fiscal year 2014 India ranked 9th in GDP whereas at the
end of 2015 it ranked 7th in the table.
• The Modi Govt. spent more on agriculture and defence than the
Manmohan govt.
• The 2013-14 saw more spending on the Education sector and the
Rural Develpoment than 2014-15.
• 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.