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Apparently with an eye on the State Assembly elections due next year, the Uttar Pradesh Government has presented a deficit budget of Rs 1,69,416.38 crore for the financial year 2011-12.
“The budget size for the financial year is 1,69,416.38 crore, which is 10.6 per cent higher than the current fiscal,” the Finance and Parliamentary Minister, Mr Lalji Varma, told the Assembly while presenting the budget.
He said a provision of Rs 5,153 crore has been made for meeting the fresh expenditure demand.
The Minister estimated the total receipts during the next fiscal touch Rs 1,66,012.86 crore, which include Rs 1,31,428.7 crore of revenue and 34,584.16 crore in the form of capital receipts.
Against total receipts, an expenditure of Rs 1,69,416.38 crore is estimated, he said.
“After deducting total receipts from the total expenditure, a net loss of Rs 3,403.52 crore is estimated in the next fiscal,” Mr Varma said.
He said to meet the loss, Rs 3,900.25 crore will be adjusted from the public account.
To woo its traditional voters, the Government has made a provision of Rs 9,722 crore for the scheduled caste under special component plan which is 6.8 per cent higher than those allotted during the current fiscal.
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