A budget of 35,000 crore was planned by the government for the anti - covid shots but due to the increase in the number of covid shots, the centre's vaccine bill has reached 45,000 to 50,000. The government takes the charge of providing and supplying 75 percent of the domestically made shots.
Also, in the month of May to November, the government will spend around 91,000 crore to provide free food gains to more than 80 crore beneficiaries. The estimated plan was to spend 26,000 crore.
In total, the government has to spend around 1.05 lakh more over the budgeted figures.
Almost all states are ready to provide free vaccines to its citizens.
There are some variables from the cost of the vaccines( purchasing from companies like Pfizer and biological eshots), the government told that initial estimate point to an increase and providing funds will not be an issue.
The centre has decided to take the tab, resulting in saving money.
The parliament has already granted permission to the centre to spend Rs.35,000 crore on vaccines.
The finance minister Nirmala Sitharaman has also assured that more funds will be given for this purpose, if required.
The government is clear that it's the priority to provide free food and vaccines to the vulnerable sections. Economists said that the twin moves by the government will also spend more and the government is required to double check it's calculations.
The additional cost of 0.4-0.5% of the GDP will be incured by the government, economists suggest.
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