Out of every 100 rupees Rs 16.35 come from central taxes, Rs 25.11 from state taxes, Rs 6.65 from non taxes from Revenue, Rs 25.16 from grant in aid, Rs 24.14 Cr from and Rs 2.54 Cr from advances and deposits. The Revenue Deficit in 2023-24 is likely to be 4,704.12 Cr and the Fiscal Deficit is expected to be Rs 9,900.14 Cr.
In the budget estimates for 2023-24, total receipts and cash expenditure are estimated at 51,865.58 Cr and 53,412.72 Cr respectively. Thus total expenditure would be 53,412.72 crore. The expenditure on loans (advances) and inter-state settlement of public debt (repayments) would be 19.71 Cr and 5,486.64 Cr respectively. Expenditure on Capital Account would be 5,202.38 Cr. On the expenditure side, the revenue expenditure would be Rs 42,703.99 Cr. Thus, the total receipts during the year would be 51,865.58 Cr. On the Capital Account, the total receipts would be 13,865.71Cr, comprising 26.07 crore on account of the recoveries of loans, the gross public debt of Rs 12,519.64 Cr and 1,320 Cr from the deposits, advances, remittances and provident fund, etc. The state revenue receipts are estimated to be Rs 37,999.87 Crore and the total revenue expenditure of Rs 42,704 Crore. Sukhu who also holds the portfolio of finance presented tax-free populistic budget for keeping the upcoming Shimla MC and Next year Lok Sabha election in mind which mainly focuses on resource mobilization, green energy and employment generation and local youth-oriented solar power and private investment.
Shimla, Mar 17 – Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu Friday presented his first budget in Himachal Pradesh Assembly for the financial year 2023-24 proposing an annual outlay of 53,413 Crore showing a fiscal deficit of 4.61 pc of state GDP.