Madhya Pradesh government presented a budget of Rs 3.65 lakh crore, no new tax

The Uncut

Bhopal. The Madhya Pradesh government on Wednesday presented a budget of Rs 3.65 lakh crore for the financial year 2024-25 amid uproar from opposition members, in which no new tax has been imposed. Presenting the budget for the financial year 2024-25 in the assembly, state Finance Minister Jagdish Devda described it as ‘all-encompassing’. In this, adequate allocation has been made for the development of infrastructure and schemes run for women and tribals.

However, during the proceedings of the assembly, members of the opposition Congress party demanded the resignation of former Medical Education Minister Vishwas Sarang over the nursing college ‘scam’. They also created a ruckus demanding the formation of a committee of members of all parties.
Amidst this uproar, Deora said, “The target of the budget for the year 2024-25 is to double the size of the economy in the next five years.

This includes increasing capital investment in roads, irrigation, electricity, quality health facilities, attracting investment for employment generation and promoting better governance. An outlay of Rs 3.65 lakh crore has been proposed in the budget, which is 16 percent more than the previous financial year. An allocation of Rs 26,560 crore has been made for the Department of Women and Child Development, which is 81 percent more than the previous financial year. Capital expenditure has been estimated to increase by 15 percent to 4.25 percent of the Gross State Domestic Product (GSDP) in the budget.

The Finance Minister said that the fiscal deficit is estimated to be 4.11 percent of GSDP in the current financial year. Allocations for infrastructure have been increased from Rs 49,009 crore to Rs 53,460 crore, for urban and rural development from Rs 39,326 crore to Rs 44,588 crore, Scheduled Tribe Sub-Plan (Rs 40,804 crore) and Scheduled Caste Sub-Plan (Rs 27,900 crore).

Rs 18,984 crore has been allocated for the Madhya Pradesh government’s popular ‘Laadli Behna Yojana’ while Rs 15,509 crore has been set aside for setting up government primary schools and Rs 9,258 crore for middle schools.
The allocation for the agriculture sector has been increased to Rs 26,126 crore from Rs 22,732 crore in the last financial year.

Deora mentioned plans to double the size of the budget in the coming years, citing improved per capita income and poverty alleviation efforts. He said, “Per capita income in the state has increased from Rs 13,465 in 2003-2004 to Rs 1.42 lakh in 2022-23.” Citing data from Niti Aayog, Deora said that 2.30 crore people have come out of poverty in the last decade. This has reduced poverty significantly.

A provision of Rs 500 crore has also been made in the budget for the construction of Sant Ravidas Memorial in 30 districts of the state and infrastructure related to the 2028 Simhastha conference in Ujjain. Apart from this, emphasis has also been laid on cultural and religious tourism initiatives like ‘Shri Krishna Pathey Yojana’ and ‘Ram Path Gaman Yojana’ for identification and development of the route related to Lord Krishna in Madhya Pradesh. Along with this, an allocation of Rs 341 crore has also been made for the establishment of ‘Vedanta Peeth’.

During the budget speech, several opposition MLAs trooped near the Speaker’s chair, raising slogans over the nursing college scam. The CBI is investigating alleged irregularities in the functioning of several nursing colleges, which lack infrastructure while some colleges exist only on paper.

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