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Lucknow: Uttar Pradesh budget ( budget for the financial year 2025-26 will be presented in the assembly today. Finance Minister Suresh Khanna will present his sixth consecutive budget on Thursday. This time the size of the budget is expected to be slightly bigger than last year. This time UP’s budget can be between Rs 7.9 lakh crore to Rs 8 lakh crore. Like last year, this time also UP can present a surplus budget. This year UP’s budget has been more than Rs 7.66 lakh crore, which also includes two supplementary budgets of Rs 12,000 crore and Rs 17,000 crore.
Before presenting the budget, Finance Minister Khanna said that the budget will give new hope to the middle class, farmers, women and youth. He said that the budget will focus on infrastructure.
Construction of expressway
Experts said that the Finance Minister will mainly focus on maintaining economic discipline, including the FRBM limit, which is currently around 3.5%. However, the concern for the UP government will be to ensure a balance between budgetary estimates and expenditure. It is clear from the statement of the Finance Minister that the emphasis will be on infrastructure in the budget. In such a situation, many new expressways or link roads can be announced.
Emphasis on women like the Union Budget
Prime Minister Narendra Modi has focused on women, youth, poor and farmers, so these areas can also be focused on in the UP budget. With the growing population of youth in the state, the focus of the UP government will be on providing employment opportunities. The main revenue for the state government came from GST and VAT. The estimated collection from GST/VAT in the current financial year was around Rs 1.56 lakh crore. However, this is about 73% of the target.
GDP may be 30 lakh crores
Sources said that the state’s GDP is likely to reach Rs 30 lakh crore as against the estimate of Rs 27.5 lakh crore. This will further boost the economy and help the state move towards a trillion dollar economy. Similarly, with an investment intention of Rs 10 lakh crore, the state is ready with an investment intention of Rs 7 lakh crore. All this will add to the state’s GDP and further strengthen the economic condition of the state.
