(i) Changing Trends in Transport Expenditure:
(I) Transport: The expenditure on transport accounted forRs. 3.32 lakh crore in the year
2021-22. In the year 2022-23, a Revenue expenditure ofRs. 3.90 lakh crore was allocated for this sector. Out of the total budget expenditure of the year 2023-24,Rs. 5.17 lakh crore was allocated to transport.
(II) Rural Development: In the year 2021-22, the expenditure on rural development accounted forRs. 2.29 lakh crore. In the year 2022-23, of the total revenue expenditureRs. 2.43 lakh crore was allocated for rural development.Rs. 2.38 lakh crore was allocated for the development of rural sector from the total budget expenditure in the year 2023-24.
Conclusion:
Both Transport and Rural Development have received increased budget allocations, highlighting the government’s commitment to infrastructure expansion and rural empowerment for economic and social progress.