Page 59 - Shelter, October 2024

POLICY REVIEW

Considering universal the deficits in provision of Cities & Union Budget
application of service delivery basic municipal services 2024-25
norms set by the Ministry of like water supply, sewerage,
Urban Development in 2008, waste management, roads, The Union Budget of the
the HPEC (2011) estimated street lights and storm water last few years recorded
urban infrastructure drainage while about $300 increasingly higher allocations
investment deficit of $827 million is required to build for urban development and
billion at 2009-10 prices mass transits. Given the housing. The Union Budget
for the period 2012-2031. huge investment deficits, the 2024-25, which was presented
Urban roads and transport annual budgetary provisions by the Finance Minister on
accounted for about two for urban development are July 23rd, was the first budget
thirds of this deficit and about unlikely to offer any magic by the third NDA government,
one-fourth of this total was for solution. Yet, they reflect on which presented interim
water and sanitation services. the future course of urban budget 2024-25 in the month
Persistence of such investment policy making. This paper of February. Identification of
deficits in our cities is evident decodes the budgetary urban development as one
from the World Bank study allocations under urban of the nine priority areas by
that highlights the urban schemes and analyses their the Budget 2024 is in line
investment requirements of implications for making the with that trend and also
$840 billion in the next 15 cities inclusive as well as with the NDA government’s
years till 2036 (Athar et al., livable so that they transform continued rhetoric of building
2022). Of this total, $450 billion into growth hubs. sustainable and inclusive
is needed for addressing cities.

Centre’s Expenditure Actual Budget Revised Interim Budget
Estimate Estimate Estimate Budget Estimate
(in INR crores) 2022-2023 2023-2024 2023-2024 2024-2025 2024-2025
Gross Recoveries Receipts Net Total 77310 76431 69270 77523 82577
Revenue component 50432 50434 42737 53948
Capital component 26878 25997 26533 28628
Total MRTS and Metro Projects 23603 23175 23104 24931 24932

PMAY U- 1. Credit Linked Subsidy 10820 0.01 0 0 3000
Scheme (CLSS) - I for Economically
Weaker Section (EWS)/Lower
Income Group (LIG)
PMAY U 2. Credit Linked Subsidy . . . . 1000
Scheme (CLSS)-II for Middle
Income Group (MIG)
Pradhan Mantri Awas Yojna Urban 28652 25103 22103 26170 30171
(Total)

October, 2024, Volume 25. No.1 - SHELTER 57