Union Budget 2021: Government may double the health sector's spending for next fiscal year
New Delhi |Jagran Business Desk: In the upcoming financial year, the government is likely to double the expenditure on health. The aim is to increase the budget on health by 4 percent of GDP in four years. The main reason for the expected big change is the ongoing coronavirus pandemic where India wants to improve the health system.
As per Reuters, the expenditure may increase upto Rs 1.2 to 1.3 lakh crore for the financial year starting from April 1, 2021. In the current financial year, the health budget is 626 billion rupees.
New health care plan
Finance Minister Nirmala Sitharaman is all set to unveil the annual budget on February 1. In one of her statements she has stated that this budget will be the best budget in a hundred years.