New Delhi. This is also significantly higher than the Yogi government’s budget of Rs 5,50,270.78 crore for the financial year 2021-22, which includes new schemes worth Rs 27,598.40 crore. CM Yogi has shown a ‘master stroke’ in the direction of economic management by increasing the state budget year after year from 2017 while taking a strong step towards a trillion economy for the state. Which is three times more than the new development plans proposed by the Akhilesh Yadav government worth Rs 13,842 crore. The Yogi government has also announced a budget provision of crores of rupees to strengthen the police and maintain law and order in the state.
Yogi government’s budget for 2022-23
The Yogi government has not only made a record payment of Rs 1,72,745 crore to sugarcane farmers till May 16, 2022, which is Rs. 77,530 crores over five years of accumulated payments. 95,215 crore during Akhilesh Yadav’s government, but has also proposed Rs 1000 crore for payment to the remaining sugarcane farmers.
The budget also proposes free irrigation facility to farmers through 34,307 government tube wells and 252 small branch canals as well as Rs 1000 crore under Mukhyamantri Laghu Sinchai Yojana to address the irrigation related issues of the state. Apart from this, the budget proposes accident insurance of Rs 650 crore for farmers under Mukhyamantri Krishak Accident Kalyan Yojana, while Akhilesh Yadav’s budget of Rs 2.50 crore has accident insurance scheme for farmers.
The Yogi government aims to distribute 2 crore smartphones and tablets in the next five years, including 12 lakh in the current financial year itself, while one crore laptops have been distributed in five years by Akhilesh Yadav’s Samajwadi Party government.
The Yogi government also proposed Rs 897 crore for multi-modal connectivity projects under PM Gati Shakti Yojana and Rs 34 crore for the 594-km-long 6-lane Ganga Expressway from Meerut to Prayagraj, while the Akhilesh Yadav government proposed Lucknow-Azamgarh-Ballia. 1,500 crore was proposed for The Samajwadi Purvanchal Expressway, which was eventually built by the Yogi government.
The total receipts for the current financial year are estimated at Rs. 5,90,951.71 crore including revenue receipts of Rs. 4,99,212.71 crore and capital receipts of Rs. 91,739 crores. The share of tax revenue in revenue receipts is Rs. 3,67,153.76 crores. This includes own tax revenue of Rs. 2,20,655 crore and the state’s share in central taxes is Rs. 1,46,498.76 crores. The fiscal deficit is estimated at Rs. 81,177.97 crore which is 3.96 percent of the estimated Gross State Domestic Product.
The budget presented in the Vidhan Sabha by Finance Minister Suresh Khanna not only focuses on the education and employment of the youth, but also on the empowerment of farmers as well as the all-round development and law and order situation of the state.