Chakraborty, Lekha S (2021): Covid19 and Gender Budgeting: Applying a “gender lens” to Union Budget 2021-22 in India.
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Abstract
Gender budgeting is a public financial management (PFM) tool for transparency and accountability. Against the backdrop of covid-19 pandemic, this paper analyses the Union Budget 2021-22 through a “gender lens” to understand the intensity of gender in the budgetary allocations. The analysis of specifically targeted programmes for women and the intrinsic gender components in the mainstream spending revealed that the gender budgeting hovered around only 5 per cent of total budget. The sectoral analysis revealed that higher budgetary allocations per se do not ensure higher spending. The analysis of fiscal marksmanship – the deviation between what is budgeted and what is actual – revealed significant fiscal slippages in various sectoral spending. The economic stimulus package in India has given significance to gender budgeting in energy infrastructure and increased allocation on gender budgeting in a prima facie gender neutral ministry like Petroleum is welcome. However, the framework of gender budgeting as a PFM tool can be explored further to ensure sustainable gender equality outcomes, when economic stimulus packages are short run and there is fiscal normalization procedure. Given the accommodative fiscal stance in times of pandemic, reflected in the flexibility of deficit thresholds, prioritization of spending on gender budgeting can lessen widening inequalities.
Item Type: | MPRA Paper |
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Original Title: | Covid19 and Gender Budgeting: Applying a “gender lens” to Union Budget 2021-22 in India |
English Title: | Covid19 and Gender Budgeting: Applying a “gender lens” to Union Budget 2021-22 in India |
Language: | English |
Keywords: | Gender Budgeting , Public Financial Management , Fiscal Policy , Human Development |
Subjects: | E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents H - Public Economics > H5 - National Government Expenditures and Related Policies > H50 - General |
Item ID: | 111942 |
Depositing User: | Lekha S Chakraborty |
Date Deposited: | 16 Feb 2022 14:25 |
Last Modified: | 16 Feb 2022 14:25 |
References: | Blanchard, O. (2019, January 6). Public Debt and Low Interest Rate. Presidential address, delivered at the American Economic Association Meetings, Atlanta. Chakraborty, Lekha. (2016). Asia: A Survey of Gender Budgeting Experiences. (International Monetary Fund Working Paper 16/150). Washington, DC: IMF. Chakraborty, Lekha. & Darshy Sinha. (2019). Has Fiscal Rule changed the Fiscal Marksmanship of Union Government?: Anatomy of Budgetary Forecast Errors in India, NIPFP Working paper 234. Chakraborty, Lekha, Pinaki Chakraborty and Ruzel Shreshta. (2021). Budget Credibility of Subnational Governments: Analyzing the Fiscal Forecasting Errors of 28 States in India. New York:Levy Economics Institute, working paper series, 964 . Government of India, (2021), Union Budget 2021-22, Ministry of Finance, Government of India. Intriligator, M. D. 1978. Econometric Models, Techniques, and Applications. Upper Saddle River, NJ: Prentice-Hall. Theil, H. 1958. Economic Forecasts and Policy. Amsterdam: North Holland. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/111942 |