In their second tenure, Yogi Adityanth presented a grand budget with a primary focus on infrastructure, development, health and education.
By: Priyanshi Mishra
Uttar Pradesh, India’s most populous state, is set to present its largest budget ever. According to reports, the state’s budget is expected to be around 7 lakh crore, which is a significant increase from the previous year’s budget of 5.5 lakh crore.
Uttar Pradesh Chief Minister Yogi Adityanath has been vocal about his commitment to the state’s development, and this budget is expected to reflect that. In recent years, Uttar Pradesh has witnessed several infrastructure and development projects, including the construction of the Purvanchal Expressway, the Bundelkhand Expressway, and the Ganga Expressway.
The Uttar Pradesh government led by CM Yogi Adityanath is set to present its largest budget ever. According to reports, the state’s budget is expected to be around 7 lakh crore, which is a significant increase from the previous year’s budget of 5.5 lakh crore.
The focus of the budget is expected on infrastructure development, education, health, and agriculture. It is also expected to prioritize the development of the state’s rural areas and promote employment generation.
Uttar Pradesh Chief Minister Yogi Adityanath has been vocal about his commitment to the state’s development, and this budget is expected to reflect that. In recent years, Uttar Pradesh has witnessed several infrastructure and development projects, including the construction of the Purvanchal Expressway, the Bundelkhand Expressway, and the Ganga Expressway.
The budget is also expected to prioritize the implementation of several ongoing projects, including the development of the Noida International Greenfield Airport, the expansion of the Lucknow Metro, and the establishment of an electronics manufacturing hub in the state.
The Noida International Greenfield Airport is expected to be one of the largest airports in the country, and it is expected to boost the state’s tourism and employment opportunities. The Lucknow Metro, which currently runs for 22 km, is expected to be expanded by another 30 km. The establishment of an electronics manufacturing hub in Uttar Pradesh is expected to promote the state’s industrial growth and create job opportunities.
The budget is also expected to focus on the development of the state’s rural areas, with the implementation of several schemes aimed at promoting agricultural growth and generating employment opportunities. The state’s education and health sectors are also expected to receive a significant boost.
While the budget has been widely praised for its emphasis on development, some experts have raised concerns about the state’s ability to fund such an ambitious budget. Uttar Pradesh’s fiscal deficit is currently at 4.5% of its gross state domestic product, which is above the limit set by the 15th Finance Commission. There are also concerns about the state’s ability to generate revenue to fund the budget, especially given the ongoing economic challenges posed by the COVID-19 pandemic.
Despite these concerns, the budget is seen as a major step towards the state’s development, and it is expected to create a positive impact on the state’s economy. The budget is also expected to generate significant employment opportunities, which will help alleviate the state’s current unemployment crisis.
The upcoming budget is expected to have a significant impact on the state’s development trajectory, and it will be closely watched by policymakers, industry leaders, and citizens alike. If successfully implemented, the budget could establish Uttar Pradesh as a leader in the country’s development journey and create a model for other states to follow.
The Uttar Pradesh government led by Yogi Adityanath has announced its plans to provide free smartphones and tablets to students. As part of its second state budget for FY24, the government has proposed a massive Rs 21,159 crore to fund the construction of roads and bridges in the state.
The budget was presented by Finance Minister Suresh Khanna during a joint session of the legislative assembly and legislative council. The proposed budget also includes Rs 12,631 crore for various initiatives under the National Rural Health Mission.
