Latest News | Budget Allocation to Coal Ministry Dips 39 Pc to Rs 393 Cr in 2022-23

New Delhi, Feb 1 (PTI) Budget allocation for the coal ministry has registered a decline of 38.9 per cent to Rs 393.24 crore for financial year 2022-23.

The decline has been over the revised estimates of Rs 644.09 crore in 2021-22, according to Budget documents.

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According to Budget documents, the expenditure for financial year 2021-22 was at Rs 534.88 crore.

The expenditure budget of Rs 393.24 crore in the 2022-23, includes Rs 314.54 crore on central sector schemes/ projects and Rs 12.96 crore on Coal Mines Pension Scheme.

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The actual expenditure budget for financial year 2020-2021 stood at Rs 571.6 crore, as per budget document.

The investment in public enterprises, including Coal India, has increased to Rs 21,420.00 crore in budget 2022-23, over the revised estimate of Rs 18,746.00 crore in 2021-22.

Finance Minister Nirmala Sitharaman on Tuesday presented Union Budget 2022-23 in Parliament.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)