AN APPRAISAL OF ALLOCATION & DISBURSEMENT ON ECONOMIC SERVICES” – WITH SPECIAL REFERENCE TO UNION BUDGET – FY 2011 TO FY 2021

Abstract

Union Budget is always with a future vision is going to take Bharath to the Platform of “Athmanirbhartha”.  Today India stands at an intriguing juncture with its transformation into a vibrant rapidly growing economy which is diverse and embraces a huge area including agriculture, rural development, special area programs, transport, communication and vast area of economic services. In order to assess the growth of the country economic growth rate and human development are serving as a important parameters. Spending on Economic services will also improvise the activities of agriculture, rural development, Transportation, communication and other special area programs.  Even the the industry sector is also expected to witness rapid growth by improving all ways of transportation, communication and which in turn lead to FDI s a lead economic component which indicates the investment climate in the economy and helps build investors’ confidence domestically and internationally.  Therefore, Amount generated in this economy should be employed for the development of the same. This research article examines allocation and spending year on year increase in the spending and variation compared to estimate with the actuals. Therefore, the study is entitled “An appraisal of allocation and disbursement of economic services”. And the Objective of this paper to examine the capital and revenue allocation towards economic services in terms of year on year growth, variation between budgeted and actual expenditure. And also to analyse major programs, schemes and plans implemented under various subheads of economic services.