UP Budget: The Yogi Adityanath government in Uttar Pradesh will present its largest ever annual budget for 2023-2024 in the state Assembly on Wednesday. This will be the seventh consecutive budget of the BJP-led government in the state while finance minister Suresh Khanna will present his fourth budget. Khanna said that the focus is likely to be on infrastructure development, health sector and education.
Sources said the budget size is likely to increase this year by 8-10 per cent and will be around Rs 7 lakh crore. This would be over Rs 50,000 crore more as compared to previous budget size which was around Rs 6.48 lakh crore, including Rs 33,000 crore raised through supplementary demands.
Largest ever budget
This will be the largest budget to be tabled by the Uttar Pradesh government.
It is likely to give further push to infrastructure development, IT, health and education sectors. It would also have much to cheer about for women, youth and the poor.
Focus on regions other than NCR
After the Global Investors Summit (GIS) received investment pledges worth Rs 33.5 lakh crore, the budget would have to focus on developing infrastructure in districts, other than the NCR region. This would ensure that the investment proposals in these areas converted to reality on ground.
The budget is also likely to focus on Uttar Pradesh government’s consultant Deloitte’s first report on taking the state to one trillion-dollar economy target.
The current fiscal size of the economy is estimated to be around Rs 20.48 lakh crore.
Going by the current value of rupee against dollar, the size of its economy should be more than Rs 80 lakh crore for making Uttar Pradesh a one trillion-dollar economy.
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