As Finance Minister, Haryana Chief Minister Manohar Lal Khattar on Friday presented a budget of Rs 1.42 lakh crore for the financial year 2020-21 in the State Assembly. Khattar said that that the budget has laid special emphasis on on education, social security, health, self-reliance, farmers.

The Chief Minister said that he has not yet announced any new tax while farmers have been given relief in electricity rates. He said 70 per cent of the suggestions received from various stockholders including MLAs of ruling and opposition parties, industrialists, intellectuals and others have been included in the budget.

“In the Budget, we have proposed to spend 14.17 per cent on education, 4.57 per cent on health and family welfare, 12 per cent on agriculture, irrigation and RE subsidy and 4.45 per cent on rural development and panchayats,” he said

Khattar said, “Compared to last year, a provision of more than Rs 10,000 crore has been made in this Budget. The previous budget was of 1.32 lakh crores.”

Khattar, who presented his maiden budget, said that the debt is set to increase to Rs 1.98 lakh crore in 2020-21 as against Rs 1.76 lakh crore in the previous fiscal. He stated that the expenditure will increase to Rs  1,42,343 crore, a rise by 7.7 per cent.

Revenue receipts are expected to increase by 15.96 per cent in 2020-21 to Rs  89,964 crore, he said. The Government has allocated Rs 5,474.25 crore to agriculture, Rs 19,343 crore to education and sports and culture, Rs 6,533 crore to health and medical education, Rs 6,294 crore to rural development and panchayat, Rs 349 crore to industries and Rs 9,000 crore to pensions, he said.