The Uttar Pradesh budget for 2018-19 has projected total receipts of Rs 4, 21 lakh crore in the next fiscal, leading to a deficit of Rs 44,053.32 crore or 2.96 per cent of the state GDP. The fiscal deficit for current fiscal 2017-18 is projected to be 2.96 percent.
Total receipts include Rs 3,48 lakh crore crore by way of revenue receipts and Rs 72,280.09 crore by way of capital receipts, as per the budget documents. The revenue receipts include Rs 2,56 lakh which includes Rs 1,22 lakh crore the states own tax revenue and Rs 1,33 lakh crore as the state’s share in central taxes.
Total state expenditure is estimated at Rs 4, 28 lakh crore which includes Rs 3,21 lakh crore by way of revenue expenditure and Rs 1,06 lakh crore by way of capital expenditure. Revenue saving of Rs 27,099.10 crore is estimated in 2018-19.
The fiscal deficit of Rs 44,053.32 crore is estimated in the financial year 2018-19, which is 2.96 per cent of the Gross State Domestic Product. The state’s debt liability is estimated to be 29.8 per cent of the States Gross Domestic Product. After deducting total expenditure from the receipts of consolidated fund, a deficit of Rs 7,485.06 crore is estimated. Net receipts of Rs 8,100 crore are estimated from public account. Net result of Rs 614.94 crore from all transaction is estimated in 2018-19.