PSUs to chip in a bit more for 12th Plan outlay

This share will constitute 43.2% of the total central plan outlay in the 12th Plan against 42.3% during the previous period

Resources of central public sector units, both internal and mopped-up, are expected to contribute slightly more to the outlay of the 12th Five-Year Plan (2012-13 to 2016-17), compared with the 11th Plan.

The share of internal and extra budgetary resources (IEBR), technical jargon for resources of the central public sector undertakings (PSUs), is likely to be pegged at Rs 20.59 lakh crore (at 2006-07 prices) for the 12th Plan against Rs 8.57 lakh crore in the previous Plan.

This will constitute 43.16 per cent of the total central plan outlay in the 12th Plan against 42.33 per cent during the previous period.

The remaining portion will come from the gross budgetary support from the Centre. This means the share of gross budgetary support will come down to 56.84 per cent from 57.67 per cent over the period.

This could be partly seen as a stress in the financial resources of the Centre, though the share between the two components is not likely to be changed much.

Part of the central Plan outlay goes to central PSUs to revive them and also to infrastructure units among them. These units are expected to shell out more on this front from their resources.

At Rs 20.59 lakh crore, IEBR in the 12th Plan would constitute almost 140 per cent more than the 11th Plan.

The central plan outlay is likely to be fixed at Rs 4.77 lakh crore in the 12th Plan, over 135 per cent higher than Rs 20.25 lakh crore in the 11th Plan.

On the other hand, state plan outlay is expected to be around Rs 8.58 lakh crore, representing 123 per cent larger sum than spent in the previous Plan.

In its approach paper to the 12th Plan, the Planning Commission had warned that there could be a strain on financial resources because of high subsidies.

Meanwhile, it is also expected that the Planning Commission is likely to lower its average annual gross domestic product target from 9-9.5 per cent pegged in the approach paper to 8.2 per cent for the 12th Five-Year Plan.

A full meeting of the Planning Commission is scheduled on Saturday, chaired by Prime Minister Manmohan Singh. Followed by this, the National Development Council would meet in the capital to give final touches to the document.