LUCKNOW, Feb 5: The budget for the state legislature was given by Uttar Pradesh Finance Minister Suresh Kumar Khanna on Monday. It has an expenditure of Rs 7.36 lakh crore, which is more than the current fiscal budget of Rs 6.90 lakh crore. The state finance minister stated during the budget presentation that new initiatives of Rs 24,863.57 crore are included in the overall expenditure of Rs 7,36,437.71 crore for the upcoming fiscal year. The state allocated Rs 6.90 lakh crore for 2023–24, which includes new projects of Rs 32,721 crore. The state government has projected total revenues of Rs 7,21,233.82 crore for the upcoming fiscal year. This amount comprises predicted revenue receipts of Rs 6,06,802.40 crore and capital receipts of Rs 1,14,531.42 crore.The state’s portion of the central tax pool, which is Rs 2,18,816.84 crore, and its own tax revenue, which is Rs 2,70,086 crore, make up the estimated Rs 4,88,902.84 crore share of tax collection in revenue receipts. The anticipated total cost comes to Rs 7,36,437.71 crore. Rs 2,03,782.38 crore has been set aside for the capital account and Rs 5,32,655.33 crore for the revenue account out of the total expenditure. A deficit of Rs 15,103.89 crore is predicted in the budget after deducting all expenses from the consolidated fund’s income.According to Khanna, the qualifying recipients’ monthly payment under the Destitute Women Pension Scheme will now be Rs 1,000 instead of Rs 500. Up to 31,28,000 impoverished women have benefited from the programme as of the third quarter of 2023–2024. The minister stated that the goal of the Women Farmer Empowerment Project is to develop 200 producer groups in the fiscal year 2024–2025 in order to give technical support.
