UP govt to table its largest ever annual budget today
The Yogi Adityanath government in Uttar Pradesh will present its annual budget — largest ever — for 2023-2024 in the state Assembly Today. This will be the largest budget to be tabled by the Uttar Pradesh government.
According to top sources, the budget size is likely to increase by 8-10 percent and is expected to be around Rs.7 lakh crore. This would be over Rs.50,000 crore more as compared to the previous budget size which stood around Rs 6.48 lakh crore, including Rs.33,000 crore raised through supplementary demands.
The budget is also likely to focus on the Uttar Pradesh government’s consultant Deloitte’s first report on taking the state to a one trillion-dollar economy target.
State Finance Minister Suresh Khanna said that the focus is likely to be on infrastructure development, the health sector, and education. The budget 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.
With the Global Investors Summit (GIS) receiving investment pledges worth Rs.33.5 lakh crore, the budget would have to focus on developing infrastructure in districts, other than the NCR region, in a bid to get investment proposals in these areas converted to reality on the ground.
The current fiscal size of the economy is estimated to be around Rs.20.48 lakh crore. Going by the current value of the rupee against the dollar, for making Uttar Pradesh one trillion-dollar economy, the size of its economy should be nearly more than Rs 80 lakh crore.
[With Inputs from IANS]
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Forgot to mention that if one is drawn by chance to UP, one will be soon bulldozed to extinction.
These guys Deloitte say 1 trillion dollar economy.
And in UP , India
The US dollar will soon be worth virtually nothing.
Funny Modi, Yogi , Shah speak in dollars in India. The sun has set on the American empire like it did the British empire.