MP budget focuses on infrastructure, women and tribal welfare

| | BHOPAL
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MP budget focuses on infrastructure, women and tribal welfare

Thursday, 04 July 2024 | Staff Reporter | BHOPAL

Madhya Pradesh government on July 3 presented the State budget for 2024-25 with an outlay of Rs 3.65 lakh crore, marking major allocations for the infrastructure development and welfare of women and tribals.

No new taxes were announced in the budget, which state Finance Minister Jagdish Devda termed as "sarvsparshi" (all-inclusive).

Devda presented the budget in the State Legislative Assembly amid ruckus created by the opposition Congress over the issue of an alleged nursing college scam.

The CBI is probing the alleged scam pertaining to gross irregularities in the functioning of several nursing colleges that lacked infrastructure while some existed only on paper.

Talking to reporters after presenting the budget, Devda said the behaviour of the opposition members in the House was highly condemnable.

"The budget for the year 2024-25 has been made keeping in view the doubling of the budget size in next five years, increasing capital investment, expansion of roads, irrigation and electricity facilities, quality health facilities, attracting investment for employment generation and good governance," Devda said in his speech.

Madhya Pradesh government on July 3 presented the State budget for 2024-25 with an outlay of Rs 3.65 lakh crore, marking major allocations for the infrastructure development and welfare of women and tribals.

No new taxes were announced in the budget, which state Finance Minister Jagdish Devda termed as "sarvsparshi" (all-inclusive).

Devda presented the budget in the State Legislative Assembly amid ruckus created by the opposition Congress over the issue of an alleged nursing college scam.

The CBI is probing the alleged scam pertaining to gross irregularities in the functioning of several nursing colleges that lacked infrastructure while some existed only on paper.

Talking to reporters after presenting the budget,  Devda said the behaviour of the opposition members in the House was highly condemnable.

"The budget for the year 2024-25 has been made keeping in view the doubling of the budget size in next five years, increasing capital investment, expansion of roads, irrigation and electricity facilities, quality health facilities, attracting investment for employment generation and good governance," Devda said in his speech.

Amid continuous sloganeering by the opposition, the government presented an outlay of Rs 3.65 lakh crore for the financial year 2024-25, which is 16% more than that of the previous year.

The budget for the women and child development department has been substantially raised to Rs 26,560 crore from 14,686 crore in the last fiscal.

Devda said there will be an estimated increase in capital expenditure by 15% in 2024-25, compared to the budget estimate for 2023-24.

The capital outlay for 2024-25 is estimated at 4.25% of the Gross State Domestic Product.

The minister said the fiscal deficit in 2024-25 is estimated to be 4.11% of the GSDP.

The allocation for infrastructure sector has been increased to Rs 53,460 crore from Rs 49,009 crore in the previous fiscal, while the allocation for the urban and rural development sectors has been increased to Rs 44,588 crore from Rs 39,326 crore in the last FY.

The government has allocated Rs 40,804 crore for the Scheduled Tribe sub-plan while the allocation for the Scheduled Caste sub-plan stands at Rs 27,900 crore.

A budget allocation of Rs 18,984 crore has been made for 'Ladli Behna Yojana', the BJP government's flagship scheme under which eligible women are provided Rs 1,250 per month.

The budget also has a provision of Rs 15,509 crore for the establishment of government primary schools and Rs 9,258 crore for middle schools.

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