The following are the estimates of the UP’s Budget for 2014-2015 fiscal presented in Assembly by Chief Minister Akhilesh Yadav, who is also the state Finance Minister, on Friday.
Receipts
Estimates for 2014-15 are collection of receipts worth Rs 2,70,573 crore. This includes revenue receipts worth Rs 2,26,419 crore and capital receipts worth Rs 44,154 crore.
Share of tax revenue in revenue receipts for the year 2014-15 is Rs 1,57,502 crore. This includes state share of Rs 76,502 crore in central tax.
Expenditure
A total expenditure of Rs 2,74,705 crore is estimated for the year 2014-2015.
The total expenditure includes Rs 1,97,425 crore under revenue expenditure and Rs 77,280 crore under capital expenditure. The capital expenditure includes Rs 55,986 crore under capital outlay. A plan expenditure of Rs 95,039 crore exempted for the year 2014-2015.
Revenues savings
Revenue savings of Rs 28,994 crore estimated for year 2014-2015.
Fiscal deficit
A fiscal deficit to the tune of Rs 28,411 crore estimated, which is 2.97 per cent of the gross state domestic product.
Consolidated fund
After deducting total expenditure from the receipts of consolidated fund, a deficit of Rs 4,132 crore is estimated for the year 2014-2015
Adjustment from public accounts
An amount of Rs 4,570 crore will be adjusted from public accounts to meet out the deficit of consolidated fund for the year 2014-2015.
Net result of all transaction
Negative net result of Rs 438 crore from all transaction is estimated for the year 2014-2015
Closing balance
The closing balance for the year 2014-2015 is estimated around Rs 5,028 crore in which opening balance of Rs 4,590 crore has been taken into account.