What is social sector expenditure in India?

The expenditure on the social services sector in the 2020-21 fiscal was at Rs 65.24 lakh crore, of which Rs 6.21 lakh crore was on education, Rs 3.50 lakh crore on health and Rs 6.63 crore on others, as per the Survey.

What are the major expenditure of Indian Government?

The government of India spends a major share, nearly 50%, of its budget on interest, defence, subsidies, health and education.

What is social service expenditure?

Social expenditure comprises cash benefits, direct in-kind provision of goods and services, and tax breaks with social purposes. Benefits may be targeted at low-income households, the elderly, disabled, sick, unemployed, or young persons.

What are the major trends in public expenditure in India?

The total state public expenditure has increased with a CAGR of 13.92 per cent from 1981-82 to 2018-19. The public expenditure of the central government of India was 25.27 thousand crores in 1981-82 which increased to 279.34 thousand crores in 1998-99 with a growth rate of 20.38 per cent.

Which sector accounts the highest share in total social service sector expenditure?

Within social services, it is education and health services (including medical, public health and family welfare) which taken together account for around 60 per cent of the total social sector expenditure of state governments (Table 2).

What comes under social sector?

Five sectors, namely, education, health, social welfare, sports and culture, and labour and manpower are considered under the Social sector.

What are the four largest components of government expenditure?

The four main areas of federal spending are national defense, Social Security, healthcare, and interest payments, which together account for about 70% of all federal spending.

How is social expenditure measured?

Net total social expenditure includes both public and private expenditure. It also accounts for the effect of the tax system by direct and indirect taxation and by tax breaks for social purposes. This indicator is measured as a percentage of GDP or USD per capita.

What is the role of public expenditure in India?

Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. a) Economic overheads like the roads and railways, irrigation and power projects are essential for speeding-up economic development.

What percentage of GDP is spent on social programs?

On average public social spending in OECD countries amounts to about 20% of GDP in 2019. While total public social spending covers all financial flows from public bodies for social purposes, total net social spending also takes into account taxes breaks as well as private spending for social purposes.

What is social sector in economy?

The social sector is usually defined as dealing with social and economic activities carried out for the purposes of benefiting society, and in the main nonprofit, not-for-profit, philanthropic and mission based and nongovernmental organizations are associated with this sector.

What are the social sector initiatives in India?

Work, Sarva Shiksha Abhiyan, mid-day cooked – meal scheme, basic healthcare, Accelerated Irrigation Benefit Programme, drinking water, and roads. Increase in coverage of Antyodaya Anna Yojana from 1.5 crore to 2 crore families. Strengthening of public distribution system.

Which of the following is the largest expenditure item of state governments?

Welfare and education
Welfare and education are the largest expenditures by state governments. The expense on education is shared by states and counties, with the counties spending the majority of their funds on county public schools, and the states sharing the burden of financing post-secondary state education.

What are the top three categories of state spending?

State and local governments spend most of their resources on education, health, and social service programs.