Oxfam Report: India’s health budget is the fourth lowest in the world
The Third edition of the Oxfam’s 2020 Commitment to Reducing Inequality (CRI) Index report was released recently. As per the report, India just spent 4% of its budget on the health in the ongoing pandemic situation. The spending by India stands at the fourth lowest in the world. In the line, India has been ranked 129 out of 158 countries.
Key Finding of the report
- Only 26 of the 158 countries were spending the recommended 15% of their budgets on health.
- One in three of the workforce were not been providing labour protection such as sick pay in 103 countries .
- As per the report, only 53 countries had social protection systems against unemployment and sickness.
- These 53 countries have covered only 22% of the global workforce.
- India, Nepal and Sri Lanka comes under the bottom 10 in Government spending on public services.
- The South Asian countries in are not taking much the needed efforts to fight inequality, the report have highlighted.
The CRI ranks 158 governments across the world. IT ranks the government on the basis of government’s commitment to reduce inequality among the people and nation. The index also tracks the government’s spending on public services. It study and analyses the actions taken by governments in the areas including education, health and social protection.
CRI Index On India
As per the report, In India only half of its population have access to health services. It states, more than 70% of health spending is being met by people themselves. This is the highest levels spending by the public itself in the world.
It is a integrated organisation comprising of 20 independent charitable organisations. It mainly focuses to alleviate global poverty. The organisation was founded in 1942. The Oxfam International is the parent organisation that led the oxfam.