On Friday, the Gujarat government presented a ₹3.01 lakh crore budget with no new taxes imposed on people. The budget expenditure for the fiscal year 2023–2024 was given today in the State Assembly by Gujarat’s Finance Minister, Kanu Desai. The new Bharatiya Janata Party (BJP) government, led by Chief Minister Bhupendra Patel, presented its maiden budget in December of last year after sweeping to an overwhelming win in the Assembly elections.
The Pradhan Mantri Jan Arogya-MA (PMJAY-MA) scheme’s insurance coverage is doubled from $5 lakh to $10 lakh in the Budget 2023–24, and the Ujjwala scheme’s beneficiaries receive two free gas cylinders each year as part of a number of other schemes and projects that were promised by the BJP in its manifesto prior to the 2022 elections.
Surplus of 916.87 crore in the year 2023-24
The estimates for the financial year 2023–24 show a surplus of 916.87 crore when the revenue account, capital account, and net public account are taken into account, according to Minister Desai.
“In this ‘amrit kaal’, I present the budget which will determine the direction of the development of the state for the next 25 years. For the year 2023-24, I propose a budgetary outlay of Rs 301,021 crore,” he said.
According to him, this shows a significant increase in budgetary provisions, which are 23.38% higher than the prior year.
According to him, the government wants to raise the state’s Gross State Domestic Product (GSDP) above the existing price of 42 lakh crore.
According to him, the budget does not include any new tax proposals.
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