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Monday, February 26, 2024

MP Budget sets aside 20 pc share for boosting capital expenditure


The Madhya Pradesh Budget, presented in the Assembly on Wednesday by Finance Minister Jagdish Devda, earmarks a 20 per cent share – which is 4 per cent of GSDP – for promoting capital expenditure of the state with the objective of ultimately making India a 5 trillion-dollar economy.

This was the state’s maiden ‘e-budget’. The total appropriation amounting to Rs 3,14,024.84 cr is 12 pc higher than the previous fiscal and total net expenditure of Rs 2,81,553.62 cr. The deficit is estimated at 4.02 pc of the GSDP. Estimated revenue receipts are Rs 2,25,709.90 cr, which includes the state’s own tax amount of Rs 86,499.98 cr, a share of central taxes amounting to Rs 80,183.67 cr, non-tax revenue of Rs 14,913.10 cr and grants-in-aid received from the Centre amounting to Rs 44,113.15 cr.

The principal points follow:

# Estimated 11 pc increase in the state’s own tax revenue as compared to the revised estimate of 2022-23

# Estimated increase of 11 pc in revenue expenditure as compared to the revised estimate of 2022-23

# Estimated increase of 15 pc in capital expenditure as compared to the revised estimate of 2022-23

# Revenue surplus of Rs 412.76 cr is 0.03 pc of the GSDP

# Interest payment equals 10 pc of total revenue receipts

# Rs 36,950.16 cr for Scheduled Tribes (Sub-Scheme)

# Rs 26,086.81 cr for Scheduled Castes (Sub-Scheme)

# Rs 11,406 cr for the establishment of government primary schools

# Rs 8,000 cr for Pradhan Mantri Awas Yojana

# Rs 8,000 cr for Mukhya Mantri Ladli Behna Yojana

# Provision of Rs 7,332 cr for Jal Jeevan Mission

# Rs 6,935 cr assistance for executing reforms required as per 15th Finance Commission

# Rs 6,728 cr for middle schools

# Rs 5,520 cr for Atal Krishi Jyoti Yojana

# Rs 4,775 cr for reimbursement to MPEB against free power supply to agricultural pumps/threshers of 5 hp and one light connection

# Rs 4,641 cr for government high/higher secondary schools

# Rs 4,176 cr for grants to local bodies as recommended by the 15th Finance Commission

# Rs 4,039 cr for Samagra Shiksha Abhiyan

# Rs 3,996 cr for National Health Mission

# Rs 3,813 cr for primary schools

# Rs 3,600 cr for transfer of entry tax to urban bodies

# Rs 3,526 cr for Revamped Distribution Sector Scheme

# Rs 3,500 cr for National Rural Employment Guarantee Scheme

# Rs 3,500 cr for Atal Griha Jyoti Yojana

# Rs 3,230 cr for CM Rise schools

# Rs 3,230 cr for Mukhya Mantri Kisan Kalyan Yojana

# Rs 2,800 cr for Housing for All

# Rs 2,748 cr to local bodies for basic services as one-time grant

# Rs 2,381 cr for Arts, Science and Commerce colleges

# Rs 2,221 cr for middle schools

# Rs 2,221 cr for dam and allied works

# Rs 2,191 cr for Anganwadi Services (Saksham Anganwadi and Poshan 2.0)

# Rs 2,141 cr for State Disaster Response Fund

# Rs 2,001 cr for Pradhan Mantri Fasal Bima Yojana

# Rs 1,916 cr for social security and welfare

# Rs 1,826 cr for Pradhan Mantri Gram Sadak Yojana

# Rs 1,814 cr for canal and related construction work

# Rs 1,556 cr for medical college and associated hospital

# Rs 1,500 cr for share capital of cooperative banks

# Rs 1,486 cr for district/civil hospital and dispensary

# Rs 1,381 cr for the establishment of executive planning organisation and executive forest circles

# Rs 1,356 cr for solar energy for irrigation and potable water schemes

# Rs 1,317 cr for maintenance of departmental assets

# Rs 1,301 cr for the establishment and operation of primary health centres

# Rs 1,272 cr for Minimum Needs Program-Special Nutrition Diet Scheme

# Rs 1,250 cr for investment promotion scheme

# Rs 1,144 cr for Indira Gandhi National Old Age Pension

# Rs 1,131 cr for the preparation of disaster management plans

# Rs 1,020 cr for construction/upgrading of rural roads and other district roads

# Rs 1,000 cr for Chief Minister’s Farmers Crop Assistance Scheme

# Rs 1,000 cr for strengthening of roads

# Rs 1,000 cr for Chief Minister’s Skill Apprenticeship Scheme

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