AN ANALYSIS OF TREND AND THE CHANGING PATTERN OF THE PUBLIC EXPENDITURE ON EDUCATION AND HEALTH: A COMPARATIVE STUDY OF J & K AND HIMACHAL PRADESH
Author Name: Shagun Charak
Volume/Issue: 01/12
Country: India
DOI NO.: 08.2020-25662434 DOI Link: http://www.doi-ds.org/doilink/05.2021-31491472/UIJIR
Affiliation:
- Research scholar, Department of Economics, University of Jammu.
ABSTRACT
In the present paper, an attempt has been made to examine the level, growth, trend and comparison of public expenditure in education and health in J&K and HP. Taking the study period from 2001-02 to 2016-17, it has been analyzed that the compound annual growth rate of public expenditure of Himachal Pradesh is less than J&K in education as well as health sector, whereas percentage of public expenditure on education to GSDP of Himachal Pradesh is (less than 5%) greater than J&K that means J&K spends(less than 4%) less percentage share of GSDP on education. Percentage of public spending on health to GSDP in both the states lies between 1- 2%. The share of expenditure on education and health need to be raised by both central and the state government. Finally, the paper suggests that both central and state government need to focus on education from the quality point of view along with increase in budget allocation in order to enhance human development in the country.
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