Madhya Pradesh Budget: Tarun Bhanot presents Rs. 214085.02 crore budget in State Assembly

Newsroom24x7 Network

Bhopal: Madhya Pradesh Finance Minister Tarun Bhanot on Wednesday 10 July 2019 presented a Rs. 214085.02 crore budget with a revenue surplus of Rs. 732.63 crore for the financial year 2019-20.

This poster by state Congress unit General Secretary Ravi Saxena congratulating Chief Minister Kamal Nath for a “popular and people centric” budget has gone viral on social media

The salient features of the budget estimates of 2019-20 are:

Total expenditure of Rs. 214085.02 crore for the year 2019-20 and appropriation of
Rs.233605.89 crore.
Revenue surplus of Rs. 732.63 crore for the year 2019-20.
Fiscal Deficit estimated at 3.34 percent of GSDP.
Total Revenue Receipts for the year 2019-20 are estimated to be Rs. 179353.75 crore.
Components of the Revenue Receipts are Rs. 65273.74 crore as State’s Own Tax
Revenue; Rs. 63750.81 crore as share in Central Taxes; Rs. 13968.27 crore as State’s
Own Non-Tax Revenue and Rs. 36360.93 crore of Central Grants.
State’s Own Tax Revenue estimates are 23.69 percent higher as compared to RE
2018-19.
Revenue Expenditure of Rs. 178621.12 crore is estimated for the year 2019-20 which is
18.27 percent more than Rs. 151022.46 crore for the year RE 2018-19.
Capital expenditure for the year 2019-20 is estimated to be Rs. 35463.90 crore as
against Rs. 29256.78 crore for the year 2018-19. Thus, an increase of 21.22 percent.
Capital expenditure is 3.68 percent of GSDP
Revenue Surplus estimated at 0.08 percent of GSDP.
Interest payments estimated at 8.05 percent of Revenue Receipts.

Main Attractions
Increase in appropriation by 20 percent.
Increase in Capital Expenditure by 21 percent.
Budget of Farmer Welfare and Agriculture Development Department has increased by
66 percent.
Provision of Rs. 8,000 crore for ‘Jai Kissan Fasal Rin Mafi Yojana.
Provision of Rs. 7,117 crore for Indira Kisaan Jyoti Yojana and agricultural pumps.
Provision of Rs. 1,600 crore for Wheat bonus at rate of Rs. 160.
New scheme ‘Mukhyamantri Bagwani evam khadya Prasanskaran’ launched with the
provision of Rs. 100 crore.
Provision for Rs. 1,000 crore for share capital to Cooperative Bank.
Budget for Social Justice Department is Rs. 2891 crore, which is an increase of 43
percent on account of pension and increase in provision of CM Kanya Vivah Nikaah
Yojana.
Rs. 330 crore provision for Youth Swabhiman Yojana for different departments.
Legal provision for ensuring that 70 percent of total employment is provided to
domicile of MP will be taken up.
For better management of government land, constitution of Land Management
Authority is proposed.
Nadi Punarjeevan Abhiyan for conservation of water in 40 rivers of 36 districts.
Provision of Rs. 1000 crore for right to water.
Health Sector expenditure hike by 32 percent.
Sushen Sanjivini Yojana for better health services
Right to health
Construction of satellite towns, industrial area and dry port on Bhopal-Indore
expressway.
Rs. 33,467 crore for Tribal Sub-Schemes.
Aashthaan Yojana for reservation of culture of tribals.
Loan waiver up to Rs. 1 lakh on loans given by Scheduled Tribe Finance Corporation.
Rs. 22,793 crore for Scheduled Cast Sub-Schemes.
Special financial arrangement for road construction and irrigation