Bihar has achieved highest growth rate among all the states and the size of this budget at Rs 2 lakh crore is nine times more than the budget of 2004-05.
Bihar Finance Minister and Deputy Chief Minister, Sushil Modi on Tuesday presented his tenth budget of the state for the fiscal year 2019-20 in the Legislative Assembly. Sushil Modi in his speech claimed that Bihar has achieved highest growth rate among all the states and the size of this budget at Rs 2 lakh crore is nine times more than the budget of 2004-05. Energy, education and roads continue to remain in focus of the government.
Below are the key takeaways from his speech:
- The total budget outlay for 2019-20 stands at Rs 200,501.01 crore, out of which, Rs 101,391 crore would be spent on implementation of various schemes.
- The total revenue receipts collected by the government is estimated at Rs 176,747.64 crore.
- The total revenue surplus in 2018-19 was Rs 21,311 crore and it is estimated to be Rs 21,516 crore in 2019-20.
- For 2019-20, the state’s own tax revenue is estimated at Rs 33,800 crore and non tax revenue is estimated at Rs 4,806.47 crore.
- For 2019-20, the revenue expenditure is Rs 1,55,230.65 crore and capital expenditure is Rs 45,270.36 crore.
- The total Establishment & Commitment Expenditure for the financial year 2019-20 is estimated at Rs 99,110.01 crore.
- The outstanding public debt for 2019-20 is estimated at Rs 1,47,360 crore.The total debt liability for the state is Rs 1,89,430 crore, 33 per cent of GSDP.
- Total allocation to education sector stands at Rs 34,798 crore.
- Agriculture department received a total allocation of Rs 2,958.77 crore in 2019-20, which is 1.48 per cent of Budget estimates
- Total allocation of Rs 16,734 crore for SC welfare and Rs 1,565 crore towards ST welfare.
- The fiscal deficit is estimated at Rs 16,101 crore which is 2.81% of GSDP estimate at Rs 5,72,827.00 crore for the year 2019-20.
The total allocation received by the energy department is Rs 88,94 crore.The government has also completed the target of providing electricity connection to 32,49,828 families by December, 2018.
- The government would construct 2210 km roads in 2019-2010. The total allocation towards road construction and rural works department stands at Rs 17,923 crore.
- Government to create a separate agriculture feeder for providing irrigation facility to every field by the end of December 2019, with a total outlay of Rs 5,823 crore.
- Allocation on health has been increased to Rs 9,622.76 crore. Eleven new medical colleges to be set up both by the centre and state government.
- The total allocation to home department stands at Rs 10,968.58 crore