In the Budget presented by Finance Minister Suresh Kumar Khanna, the state’s fiscal deficit is estimated to be 3.46% for FY25.
Uttar Pradesh’s Bharatiya Janata Party government on Monday presented a Rs 7.36 trillion budget for 2024-25, an increase of 16% on the year, with Chief Minister Yogi Adityanath dedicating it to Lord Ram and “Lok Mangal” (public welfare).
In the Budget presented by Finance Minister Suresh Kumar Khanna, the state’s fiscal deficit is estimated to be 3.46% for FY25. The state’s own tax revenue is estimated to rise a robust 27% on year to Rs 2,70,086 crore in FY25.
The state’s capex is projected to be Rs 1,54,747 crore in FY25, up 6% while revenue expenditure is estimated to rise 17% on year to Rs 5,32,655 crore in FY25. The budget prioritises infrastructure development as well as the welfare of women, youths and farmers.
A budget allocation of Rs 4,000 crore has been made for the distribution of tablets/smartphones to students and Rs 1,750 crore for the development of ‘dharmarthmarg’ (roads to religious places).
It has provided Rs 100 crore to the state’s culture department for organising Mahakumbh-2025. An additional Rs 2,500 crore has been allocated to the urban development department to develop world-class infrastructure in cities.
An outlay of Rs 2,400 crore has been proposed for providing electricity at concessional rates to private tube wells of farmers, an annual increment of 25%.
Over Rs 2,057 crore has been proposed for the Ganga Expressway project, which is more than double as compared to the current year while Rs 500 crore has been proposed for the construction of a new link expressway to connect the Agra-Lucknow Expressway and Purvanchal Expressway.
Khanna said that under the Destitute Women Pension Scheme, the amount payable to the eligible beneficiaries has been increased from Rs 500 per month to Rs 1,000 per month. As many as 31,28,000 destitute women have been benefited under the scheme till the third quarter of 2023-2024.
Source:financialexpress.com