Gujarat government presented a budget of Rs 3.01 lakh crore, no new tax proposed
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Gujarat Finance Minister Kanubhai Desai presented the budget for the financial year 2023-24 on the second day of the budget session in the assembly here. This is the first budget of the new BJP government led by Chief Minister Bhupendra Patel. Desai said that an expenditure of Rs 3,01,021.61 has been proposed in the budget for 2023-24.
The Gujarat government on Friday presented a budget of Rs 3.01 lakh crore for the next financial year beginning April 1, 2023. No new tax has been proposed in the budget. Gujarat Finance Minister Kanubhai Desai presented the budget for the financial year 2023-24 on the second day of the budget session in the assembly here. This is the first budget of the new BJP government led by Chief Minister Bhupendra Patel. Desai said that an expenditure of Rs 3,01,021.61 has been proposed in the budget for 2023-24.
57,077 crore i.e. 23.38 percent more than the previous financial year. Out of the total outlay of Rs 3.01 lakh crore, Rs 1.91 lakh crore will be spent on development expenditure while Rs 1.04 crore will be spent on non-developmental items like law and order, administration. Several schemes and projects have been proposed in this budget, some of which are the promises made by the BJP in its manifesto.
These include doubling the annual insurance limit to Rs 10 lakh under the Pradhan Mantri Jan Arogya-Maa Amritam Yojana for eligible families, providing two cooking gas cylinders free of cost every year to families under the Ujjwala Yojana. Finance Minister Desai said that after considering various estimates for 2023-24, the budget has a surplus of Rs 916.87 crore.
He said that there has been a significant increase in the budgetary provision and it is 23.38 per cent more than the previous year. There is no proposal to impose any new tax in the budget. Desai said the state government aims to increase the Gross State Domestic Product (GSDP) to over Rs 42 lakh crore.
He informed that the Gujarat government would spend about five lakh crore rupees on the development of infrastructure in the next five years. In addition, five highways in Gujarat will be developed into ‘high speed corridors’ at a cost of Rs 1,500 crore. He informed that the Gujarat government will spend Rs 1,066 crore next year to provide houses to about one lakh people under the Pradhan Mantri Awas Yojana (Urban).
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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