The total receipts in the budget for the financial year 2024-25 are estimated to be Rs 7,21,233.82 crore.
The Uttar Pradesh government has increased the size of the state budget to Rs 7,36,437 crore for the financial year 2024-25. This includes new schemes worth Rs 24,863.57 crore.
State Finance Minister Suresh Kumar Khanna presented the budget in the Assembly on Monday. This is the biggest budget of the state so far. The state budget size for the financial year 2023-24 was Rs 6.90 lakh crore which included new schemes worth Rs 32,721 crore.
The total receipts in the budget for the financial year 2024-25 are estimated to be Rs 7,21,233.82 crore. This includes total revenue receipts of Rs 6,06,802.40 crore and capital receipts of Rs 1,14,531.42 crore.
The share of tax collections in revenue receipts is estimated at Rs 4,88,902.84 crore, which includes the state's own tax revenue of Rs 2,70,086 crore and its share of central tax at Rs 2,18,816.84 crore.
The total expenditure is estimated at Rs 7,36,437.71 crore. Of the total expenditure, Rs 5,32,655.33 crore has been allocated to the revenue account and Rs 2,03,782.38 crore to the capital account. After deducting the total expenditure from the receipts of the Consolidated Fund, the budget estimates a deficit of Rs 15,103.89 crore.
The fiscal deficit in the budget is estimated at Rs 86,530.51 crore, which is 3.46 percent of the estimated gross state domestic product for the year.
Khanna said that the amount payable to eligible beneficiaries under the Destitute Women Pension Scheme has been increased from Rs 500 per month to Rs 1,000 per month.
He said that till the third quarter of 2023-2024, 31,28,000 destitute women have been benefited under this scheme.
The minister said that under the Women Farmers Empowerment Project, the target is to form 200 producer groups and provide technical assistance in the financial year 2024-2025.
Published – February 5, 2024, 12:33 IST
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