Rs 1,000 crore allocated for development of airports, special cess to be imposed on liquor sales in the state
The Yogi Adityanath-led Uttar Pradesh government presented a budget of Rs 4.79 lakh crore for the year 2019-20 on February 7.
The annual budget, presented by state Finance Minister Rajesh Agarwal, is 12 percent higher than the previous year's budget of Rs 4,28,384.52 crore. The budget includes new schemes totalling Rs 21,212.95 crore.
In his budget speech, Agarwal mentioned a number of populist schemes.
Here are the key announcements:
> Rs 247.60 crore allocated for maintenance of cow shelters in rural areas and Rs 200 crore for 'Kanha Gaushala and Besahara Pashu Ashram' in urban areas.
> Rs 1,000 crore allocated for development of airports, which includes Rs 800 crore for airport in Jewar and Rs 200 crore for one in Ayodhya.
> Rs 459 crore allocated for modernisation of Arabic/Persian language madrasas.
> Special cess to be imposed on liquor sales in the state. From total cess collected, an estimated revenue of Rs 165 crore will be utilized for maintenance of destitute cattle-heads of the state.
> For the first time, a provision has been made in the budget for modernisation of police.
>In a push for implementation of Deendayal Upadhyaya Small Dairy Scheme, a provision of Rs 64 crore has been made to set up 10,000 units.
> A budgetary provision of Rs 56 crore has been made for establishment of a new dairy in Mathura while Rs 5 crore has been allocated for various programmes under the Uttar Pradesh Dairy Policy, 2018.
> A proposal of Rs 93 crore has been made for strengthening, restructuring and expansion of milk unions and societies, training, technical inputs, cattle breeding and health schemes.
>An amount of Rs 1,200 crore has been proposed for 'Kanya Sumangala Yojana' to raise health and educational standard of girls, brighten their future and bring in a positive change in the thinking towards women.
This is the third budget by the Adityanath government in the state.
As per the budget estimate for 2019-20, the total receipts would be Rs 4,70,684.48 crore. The amount includes Rs 3,91,734.40 crore of revenue receipts and Rs 78,950.08 crore of capital receipts.
The tax revenue is pegged at Rs 2,93,039.17 crore, including Rs 1,40,176 crore of the state's own tax revenue and Rs 1,52,863.17 crore of the state's share in the central taxes.
The total state expenditure is estimated at Rs 4,79,701.10 crore. It includes Rs 3,63,957.04 crore of revenue expenditure and Rs 1,15,744.06 crore of capital expenditure.
A revenue saving of Rs 27,777.36 crore is estimated in the year 2019-20.
The state's fiscal deficit has been pegged at Rs 46,910.62 crore in 2019-20.
The state's debt liability is estimated at 29.98 percent of the state's GDP.
After deducting total expenditure from the receipts of consolidated fund, a deficit of Rs 9,016.62 crore has been projected for next fiscal.
Net receipts of Rs 9,500 crore is expected from public account. The closing balance for 2019-20 is estimated at Rs 8,708.85 crore in which opening balance of Rs 8,225.47 crore has been taken into account.
After the Budget speech, Chief Minister Yogi Adityanath held a press conference in state capital Lucknow. Addressing the media, Yogi announced budget 2019 as the highest in the state’s history.(With inputs from PTI)The Great Diwali Discount!
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