UP Budget 2023 Highlights: Government allocates Rs 3,600 crores for free smartphones, tablets to students

UP Budget 2023: The share of tax revenue in revenue receipts is Rs 44,58,71.59 crore, including its own tax revenue of Rs 2,62,634 crore and the state's share in central taxes of Rs 1,83,237.59 crore.

UP Budget 2023 Announcements: A provision of Rs 1,050 crore proposed under "Chief Minister Kanya Sumangala Yojana" for FY 2023-24; Rs 4,032 crore for destitute widows. (Photo credit: ANI)

UP Budget 2023: Uttar Pradesh Finance Minister Suresh Kumar Khanna presented a Rs 6,90,242.43 crore Budget, including new schemes worth Rs 32,721.96 crore, for the financial year 2023-24. The total receipt is estimated at Rs 6,83,292.74 crore, which includes revenue receipts of Rs 5,70,865.66 crore and capital receipts of Rs 11,247.08 crore, Uttar Pradesh Finance Minister Suresh Kumar Khanna said.

The share of tax revenue in revenue receipts is Rs 44,58,71.59 crore, including its own tax revenue of Rs 2,62,634 crore and the state's share in central taxes of Rs 1,83,237.59 crore. Its total expenditure is projected at Rs 6,90,242.43 crore. Out of this Rs 5,02,354.01 crore is spent on the Revenue Account and Rs 1,87,888.42 crore is spent on Capital Account. After deducting the total expenditure from the receipts of the Consolidated Fund, a deficit of Rs 6,949.69 crore is estimated. Net receipts of Rs 5,500 crore are estimated from Public Accounts, Khanna said.
The net result of all transactions is estimated to be minus (-) Rs 1,449.69 crore. Taking into account the opening balance of Rs 37,407.11 crore, the closing balance is estimated at Rs 35,957.42 crore. The revenue saving is projected at Rs 68,511.65 crore, the minister said. The fiscal deficit is estimated at Rs 84,883.16 crore, which is 3.48 per cent of the estimated Gross State Domestic Product.

UP Budget 2023 Announcements:

1. A provision of Rs 1,050 crore proposed under "Chief Minister Kanya Sumangala Yojana" for FY 2023-24; Rs 4,032 crore for destitute widows.

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2. UP Finance Minister proposes Rs 600 crore for "Samuhik Vivah" scheme for the marriage of girls of all classes.

3. A provision of Rs 150 crore proposed under marriage grant scheme for daughters of poor people belonging to other backward classes.

4. Rs 200 crore for establishment of the Unity Mall where ODOP products and other handicrafts would be showcased and sold.

5. Rs 1,000 crore allocated for the development of residential facilities for cops.

6. State Institute of Pharmaceutical Research and Development to be established. Rs 20 crore allocated for the purpose.

7. UP Finance Minister proposes Rs 3,600 cr to provide tablets/smartphones to eligible students under Swami Vivekananda Youth Empowerment Scheme.

8. UP Finance Minister proposes Rs 7,248 crore proposed for old age/farmer pension scheme; Rs 1,120 cr for Divyang Pension Yojana.

9. Uttar Pradesh Budget sets an investment target of Rs 10 lakh crore, the creation of 20 thousand jobs in the next 5 years under UP Tourism Policy 2022.

10. Finance Minister Suresh Kumar Khanna proposes Rs 12,631 crore for various programmes under National Rural Health Mission.

11. Uttar Pradesh Budget sets a provision of Rs 100 crore for the implementation of the Metro Rail project in Varanasi, Gorakhpur and other cities.

12. A provision of Rs 20 crore is proposed for the Agritech startup scheme in 4 agricultural universities.

13. UP finance minister Khanna announces Rs 60 crore outlay for information technology and startups in the state.

14. A budget arrangement of Rs 465 crore is proposed for the Agra Metro Rail Project.

15. Uttar Pradesh Finance Minister Suresh Kumar Khanna said development of parking and public facilities is also being done at 6 places, which is targeted to be completed in the next 2 years.

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