UP Budget 2025: Yogi Adityanath govt likely to present record Rs 8 lakh crore budget for next fiscal

The UP government led by Chief Minister Yogi Adityanath had presented a Budget of approximately Rs 7 lakh crore in February last year. (PTI photo)

The Yogi Adityanath government in Uttar Pradesh is likely to present a budget of about Rs 8 lakh crore for the coming financial year 2025-26. Of this, up to Rs 2.50 lakh crore could be set aside for development projects as government focusses on strengthening the state's infrastructure including the roads network and expressway projects in the state.

Reports suggest that the Finance department has begun brainstorming on the proposals received from various departments. The budget session of the UP Assembly is expected to convene in the second week of February.

Besides strengthening infrastructure, the Budget is likely to see a concerted push towards agriculture and welfare schemes. The UP Budget is expected to see a significant portion earmarked for the agriculture sector and providing relief to farmers and new schemes.

The Yogi government had presented a Budget of Rs 7,36,437.71 crore for the current financial year 2024-25, which was the biggest ever budget for the state thus far. The government topped it up with two supplementary budgets of Rs 12,209.93 crore in July, and Rs 17,865.72 crore in December, taking the total budget for the current financial year to Rs 7,66,513.36 crore.

The coming Budget for the net financial year is likely to surpass the earlier edition by a significant margin.

Like the second supplementary Budget, the Yogi government is likely to maintain its thrust on the energy sector with significant allocations expected for new projects and improving the power distribution framework.

The second supplementary budget for 2024-2025, presented by the Yogi government in December last year, included new proposals worth Rs 790.49 crore.