Mod 5: Public Expenditure on Climate Change & Green Budgeting
Bihar stands as a national pioneer in institutionalizing environmental fiscal planning by becoming the first state in India to introduce a dedicated 'Green Budget' framework in FY 2020-21.
Expenditure Trends on Climate Change:
- Budgetary allocations toward climate-related issues and green development have expanded exponentially to counter risks like recurring droughts, unseasonal rainfall, and flash floods.
- Public expenditure dedicated to climate-related issues rose from Rs 3,308 crore in 2020-21 to Rs 13,823 crore in the Budget Estimates of 2024-25.
- This accounts for an impressive increase of more than four-fold (over 4.17 times) across this four-year span.
- The State Government has earmarked a total budget of Rs 41,809 crore between 2020 and 2025 across multiple administrative departments for comprehensive environmental interventions.
💡
Interactive Practice MCQs
Question 1: In the 2024-25 Budget Estimates, what is the allocated public expenditure for climate change-related issues in Bihar?
Question 2: How many times has public expenditure on climate-related issues increased between 2020-21 and 2024-25 in Bihar?
Question 3: In which financial year was India's first Green Budget introduced by the Government of Bihar?
Question 4: What is the total budget allocated by the state government for sustainable environment initiatives during 2020-25?