"Under the Ayushmaan Bharat Scheme, the government provides free medical treatment to the poorer section of the society." Identify and explain the nature of budget expenditure and its objective, indicated in the given statement.

Question

Accepted Answer

Ayushmaan Bharat Scheme analysis:

Nature of budget expenditure:
1. Revenue Expenditure
2. Transfer payment
3. Social welfare spending
4. Does not create assets
5. Recurring in nature

Objective:
1. Provide healthcare to poor
2. Ensure universal health coverage
3. Reduce out-of-pocket expenditure
4. Improve health outcomes
5. Social security

This scheme represents government's commitment to providing healthcare as a public good to economically weaker sections of society.