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Pattern of State Government Expenditure on Economic Sector in Haryana
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Present study highlights the pattern of state government expenditure on economic sector in Haryana (1990-91 to 2009-10). Economic sector comprises the sub-sectors like the agriculture and allied services, irrigation and Flood Control, rural development, energy, transport and communications, industry and minerals, science, technology and environment and general economic services as essential for the economic development of the state. The government plays a very significant role in the development of the economic sector as the most economic sector services fall in the category, which depends on the funds provided through the centrally sponsored schemes. The paper examines the economic sector expenditure of Haryana and its components. The study reveals that through the time share of economic sector expenditure decreases as the social infrastructure demand increases with the pace of time to satisfy the need of the people. In the economic sector, the share of revenue expenditure increases whereas the capital expenditure decreases in Haryana. The share of economic sector to development sector expenditure decreases whereas the plan economic sector expenditure increases from 1990-91 to 2009-10. Energy has captured major share in the economic sector expenditure. With the limited resource allocations of resources from the central government Haryana was incurred with more financial burden. For the further increase in the economic expenditure, it may be suggested that the resources from the central government should be allocated according to the needs of the state. All other sub-sector should also get equal importance apart from the energy as they are the wheels on which the development of the state can drive.
Keywords
Pattern of Govt., Expenditure, Economic Sector.
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