Sectoral Breakdown of Union Budget 2021: Where Health Really is Wealth

The Union Budget has been structured on the general theme of Aatma-Nirbhar Bharat: Self- reliant India. The government aims to achieve this through a string of reforms such as farmer-friendly initiatives, emphasis on healthcare, significant infrastructure announcements, implementation of women and child welfare schemes, and promoting of skill development and educational policies. The finance minister proposed to double the spend on healthcare and sanitization as well as various large-scale infrastructure projects. To fund these, the government has mostly banked on measures such as asset monetization and borrowings. However, the actual revenue generation and collection during the next fiscal year, by means of tax and non-tax receipts, would be pivotal in disbursing the funds and managing the country’s deteriorating fiscal situation.