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2023-24 Health Budget
BUSINESS ECONOMICS
|March 1 - 31, 2023
More emphasis was needed in health infra spending
The Union Budget 2023-24 has allocated a marginally higher amount in the health sector as compared to the allocation of the 2022-23 Budget in that sector. In 2023-24, ₹ 89,155 crore has been allocated whereas in 2022-23 it was ₹86,200 crore. Of this allocation in 23-24, ₹ 86,175 crore has been allocated for the Department of Health and Family Welfare while ₹ 2,980 crore has been allocated to health research. The share of health allocation is 2.1% of the GDP.
The national Health Policy 2017 has been an excellent health policy, according to many analysts. In this policy it was mentioned that the government would spend 2.5% of GDP by 2025.
Some major policy announcements
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