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Budget 2023 | Defence sector gets lion’s share

The Education sector has seen a minor uptick in allocation of money than last year

Updated - February 01, 2023 04:44 pm IST

Published - February 01, 2023 02:18 pm IST - New Delhi

The Hindu Bureau
Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha in New Delhi on February 1, 2023.

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha in New Delhi on February 1, 2023. | Photo Credit: PTI

As Union Minister Nirmala Sitharaman presented the Union Budget 2023-24, the allocation of money to major Ministries presents a clear picture of the Modi govt.’s focus on revamping the economy.

Defence Ministry was allocated ₹5,93,537 crore, up from last year’s ₹5.25 lakh crore. while Road Transport and Highways received ₹2,70,434 crore.

The Education Ministry received ₹1,12,899 crore, marginally higher than the 2022 Budget where ₹1.04-lakh crore was allocated for the education sector.

The Finance Ministry received ₹16,89,719 crore, the Home Ministry was given ₹1,96,034 crore, and the Ministry of Health and Family Welfare was allocated ₹89,155 crore.

Rural Development Ministry was given ₹1,59,964 crore.

The Consumer Affairs, Food and Public Distribution was allocated ₹2,05,764 crore, while the Home Affairs Ministry received ₹1,96,034 crore. Chemical & Fertilizers Ministry was given ₹1,78,481 crore and the Ministry of Rural Development was allocated ₹1,59,964 crore.

Agriculture & Farmer’s Welfare was given ₹1,25,035 crore while the Communications Ministry was allocated ₹1,23,393 crore.

Related Topics

budgets and budgeting / Union Budget / economy, business and finance / defence / education

Collection - 67 stories

PAN is a 10-digit alphanumeric number allotted by the income tax department to a person, firm or entity. File
Budget 2023 | PAN to be used as common identifier for digital systems
PTI
Union Finance Minister Nirmala Sitharaman addressing a post budget press conference in New Delhi on February 01, 2023.
Budget 2023 | Finance Minister proposes amendments to banking laws
The Hindu Bureau
Chirag Dhingra (left), a toy shop owner in Malviya Nagar, said he’ll be able to to spend more on his family now.
Will be able to save more now, say city’s salaried employees, businessmen
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People in Delhi watching Union Finance Minister Nirmala Sitharaman delivering the Budget speech.
‘Reduced tax burden will bring relief but need more employment opportunities’
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Union Finance Minister Nirmala Sitharaman leaving to present the Union Budget in Parliament.
Union Budget 2023-24 | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay
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Image for representation purpose only.
Budget 2023 | Marginal increase of 3.43% for health, research budget slashed by 6.87%
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According to the Budget documents, the proposal follows a measure initiated in the Finance Act, 2021 pertaining to the proceeds of ULIP policies, where the premium paid, for any year, exceeded ₹2.5 lakh. Union Finance Minister Nirmala Sitharaman addressing a post-Budget press conference, in New Delhi on Wednesday.
Budget 2023 | Income Tax exemptions on high-value life insurance proceeds to be limited
The Hindu Bureau
Suburban railway work under way at Hebbal railway station in Bengaluru.
Union Budget allocates ₹450 crore for Bengaluru suburban rail project
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Budget 2023 | Railways gets outlay of ₹2.4 lakh crore
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Finance Minister Nirmala Sitharaman proposed to double the deposit limit for Senior Citizen Savings Scheme to ₹30 lakh
Budget 2023 | Senior citizen scheme limit doubled to ₹30 lakh
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India has made remarkable advancements in the digital realm. File image
Budget 2023 | Government to set up 100 5G labs to develop new apps
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Mobile phones will become cheaper as Finance Minister Nirmala Sitharaman announced a reduction in the import duty.
Budget 2023 | Customs Duty tweaks likely to make mobile phones, TVs cheaper; toys, bicycles, automobiles dearer
The Hindu Bureau
Union Finance Minister Nirmala Sitharaman addressing a post budget press conference in New Delhi on February 01, 2023.
Budget 2023 | Social security cuts irk trade unions
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A fully functional tap water connection is defined as a household getting at least 55 litres of potable water per capita per day all through the year. Image for representation purpose only.
Budget 2023 | Jal Jeevan Mission gets hike in funds
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Schemes under the Ministry of Minority Affairs that provides support for students clearing Prelims conducted by UPSC, SSC, and State public service commission got nothing in the ongoing financial year. Union Finance Minister Nirmala Sitharaman addressing a post-Budget press conference, in New Delhi on Wednesday.
Budget 2023 | Funds for minority schemes slashed, allocation reduced 38% than last year
Ishita Mishra
 Pravasi Bandhu Welfare Trust chairman K. V. Shamsudheen
Union Budget: Concerns of NRIs not addressed, says Shamsudheen
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Farmers carry cauliflowers from their field, on the day of tabling Union Budget 2023-24, in a village near Amritsar, on Wednesday, February 1, 2023. Image for representation purpose only.
Budget 2023 | Cut in allocations to farm schemes, food subsidy draws flak
The Hindu Bureau
 Union Finance Minister Nirmala Sitharaman addressing a post-budget press conference, in New Delhi on Wednesday, February 1.
Budget 2023 | Changes in allocation for key schemes including MGNREGS, PM-Kisan, Ayushman Bharat
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Automakers opine that the policy will not only boost the sales but also help achieving clean and green environment.
Budget 2023 | Vehicle scrapping policy revved up to drive green economy
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Budget 2023: Import duty on compounded rubber increased
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The biggest cut is for space technology, under ‘Central Sector Schemes’, of ₹1,093.84 crore. 
Budget 2023 | Department of Space gets ₹12,500 crore, 8% less than previous year
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Clean green hydrogen energy generation.
Budget 2023 | Major thrust planned for green energy
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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023.
Budget 2023
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Union Minister for AYUSH Sarbananda Sonowal. File
Budget 2023 | 19.6% hike in sum to Ministry of AYUSH; allocation to Ayurveda institute doubles
The Hindu Bureau
Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Rajya Sabha on the second day of Budget Session of Parliament in New Delhi on Wednesday.
Budget 2023 | ₹16,361 crore allocated for Ministry of Science and Technology
The Hindu Bureau
Union Finance Minister Nirmala Sitharaman speaks during a post-budget press conference, in New Delhi on Wednesday, February 1, 2023.
Budget 2023 | Panel to examine Scheduled Caste status for Dalit converts allocated ₹3.05 crore 
Abhinay Lakshman
The Congress general secretary for communications and former Rural Development Minister Jairam Ramesh also expressed dismay at the sharp cut. Image for representation purpose only.
Budget 2023 | MGNREGS fund cut by 33% to 60,000 crore
Sobhana K. Nair
A worker in one of the oldest and largest diamond polishing units of Surat checking its dazzle. File image for representation
Budget 2023 | Lab Grown Diamond segment gets leg up with duty cut, R&D support
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Defence Minister Rajnath Singh arrives for the Union Budget presentation in New Delhi on Wednesday.
Budget 2023 | Defence budget rises 13%; revised estimate for pension rises
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Finance Minister Nirmala Sitharaman addressing the Post Budget press conference at the National Media Centre in New Delhi on Wednesday, January 1, 2023.
Budget 2023 | Cooperative manufacturing units get sops 
The Hindu Bureau
The Union Budget 2023 incentivised domestic tourism for the middle class, announcing sector-specific skilling and entrepreneurship development to achieve the objectives of the Dekho Apna Desh initiative. Image for representation purpose only.
Budget 2023 | Tourism to go into mission mode
Sreeparna Chakrabarty
Image for representational purpose only.
Budget 2023 | Exemptions on high-value life insurance proceeds pruned
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File photo of officials collecting data as part of Census in 2011.
Budget 2023 | Marginal hike in funds for Home Ministry, allocation for Census slashed by half
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“A National Digital Library for children and adolescents will be set up for facilitating the availability of quality books across geographies, languages, genres and levels, and device agnostic accessibility,” Finance Minister Nirmala Sitharaman said in the Budget speech. Photo: Special Arrangement
Budget 2023 | FM moots national digital library to promote reading
Jagriti Chandra
Nai Udaan Scheme, meant to help minority candidates prepare for the preliminary examinations conducted by UPSC, was also scrapped, says Shabbir Ali.
Minority welfare funds slashed by 38%, says Shabbir
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IDBI Bank is on the government’s list for privatisation. Image for representation
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Budget 2023 | ₹15,000 crore to be spent on development of tribals
Abhinay Lakshman
Union Finance Minister Nirmala Sitharaman with Minister of State Pankaj Chaudhary comes out of the Finance Ministry at North Block, in New Delhi.
ANALYSIS
Budget 2023 | Income tax rejig signals BJP’s return to core middle class support base close to 2024 polls
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Customs duties on articles made from bars of gold and platinum have been increased.
Watch | Budget 2023 | Mobile phones, TVs to get cheaper; toys, bicycles, automobiles dearer
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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24
Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap
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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha in New Delhi on February 1, 2023.
Budget 2023 | Defence sector gets lion’s share
The Hindu Bureau
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Budget 2023 | 38,800 teachers, support staff to be recruited for Eklavya schools
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Budget 2023 | Govt raises agriculture credit target by 11% to ₹20 lakh crore for FY24
PTI
Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha, in New Delhi on February 1, 2023
Watch | Union Budget 2023-24 Highlights | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay
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Budget 2023 | 50 additional airports, heliports to be revived
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Finance Minister Nirmala Sitharaman holding the Budget Papers, ahead of the presentation of the Union Budget 2023-24.
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Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha on Wednesday.
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Union Budget 2023-24 | Full text of Finance Minister Nirmala Sitharaman’s speech in Parliament
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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha, in New Delhi, February 1.
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Union Finance Minister Nirmala Sitharaman
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Finance Minister announcing the new tax slabs. Photo: Screenshot via YouTube/Sansad TV
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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha, in New Delhi on February 1, 2023.
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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha, in New Delhi, on February 1, 2023.
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The government said that a capital outlay of ₹2.4 lakh crore has been provided for railways, which is highest-ever allocation since 2013-14.
Budget 2023 | Record allocation of ₹2.4 lakh crore for Railways
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The government said that a capital outlay of ₹2.4 lakh crore has been provided for Railways, which is highest-ever allocation since 2013-14. File
Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways
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Budget 2023 | KYC process to be simplified, DigiLocker will be ‘one stop shop’ for updating details: FM Sitharaman
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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha, in New Delhi on February 1, 2023.
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Budget 2023 | FM Sitharaman announces ₹5300 crore grant for Upper Bhadra Irrigation Project in poll-bound Karnataka
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Union Finance Minister Nirmala Sitharaman, before presenting the Union Budget 2023-24.
Budget 2023 | Centre made cash transfer of ₹2.2 lakh crore under PM-KISAN scheme: FM Nirmala Sitharaman
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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha, in New Delhi.
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Budget 2023 | Government to support Hyderabad-based millet institute as centre of excellence: FM Sitharaman
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