Budget outlay for Health increased by 24 per cent during 2017-18
The Budget outlay for Health and Family Welfare during 2017-18 at Rs 51,942.5 core has increased by 24 per cent compared to Financial Year 2016-17 Budget Estimate (BE).
By : migrator
Update: 2018-02-18 06:15 GMT
New Delhi
The fund allocated to the ministry was Rs 41,802.37 crore in 2016-17(BE) and Rs 33,386.84 crore in 2015-16 (BE), according to official sources.
As per WHO Global Health Expenditure database providing data for 2015, the expenditure on healthcare for India is 4.1 per cent of the Gross Domestic Product.
As per WHO Report, during 2015, the world spent 7.3 per cent trillion on health which is close to 10 per cent of global GDP.
As per Organisation for Economic Co-operation and Development (OECD) publication 'Health at a Glance 2017', health spending is estimated at 9 per cent of GDP on an average across OECD countries during 2016 with the US spending 17.2 per cent and Sweden, 11 per cent of their respective GDPs.
As per Economic Survey 2016-2017, expenditure by combined Central and State governments on health for 2016-17 was 1.5 per cent of GDP.
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