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

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Tarun Bhanot

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
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