Bihar budget 2019-20: Highlights

TIMESOFINDIA.COM / Updated: Feb 12, 2019, 16:04 IST

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Sushil Modi

Key Highlights

Bihar deputy chief minister and finance minister Sushil Modi presents the state budget for the financial year 2019. Here are the highlights from his speech:

* The outstanding public debt is estimated at Rs 1,47,360.51 crore in 2019-20 which is 25.73% of GSDP of Rs 5,72,827.00 crore. Total debt including liability in public account estimate is Rs 1,89,430.60 crore in 2019-20 which is 33.07% of GSDP of Rs 5,72,827.00 crore.
* The fiscal deficit has been estimated at Rs 16,101.05 crore which is 2.81% of GSDP estimate at Rs 5,72,827.00 crore for the year 2019-20.

* The state has revenue surplus of Rs 21,516.99 crore during 2019-20 which is 3.76% of GSDP. GSDP estimate is Rs 5,72,827.00 crore for the year 2019-20.
* Grants in aid from Central government to state is estimated at Rs 49,019.38 crore in 2019-20 which is Rs 2,588.26 crore more than Rs. 46,431.12 crore for the year 2018-19 budget estimate. Central Sector Scheme (CSS) for the financial year 2019-20 is estimated at Rs 497.03 crore.

* State's share in central taxes is estimated at Rs. 89121.79 crore in 2019-20. This is Rs 12,949.42 crore more than Rs 76,172.37 crore for the year 2018-19 budget estimate.
* State's non tax revenue is estimated at Rs 4,806.47 crore in 2019-20 which is Rs 360.58 crore more than Rs 4,445.89 crore for the year 2018-19 budget estimate.
* State's own tax revenue is estimated at Rs. 33,800.00 crore in 2019-20 which is Rs. 2,797.97 crore more than Rs. 31,002.03 crore for the year 2018-19 budget estimate.

* Total revenue receipt has been estimated at Rs 1,76,747.64 crore in 2019-20 which is Rs 18,696.23 crore more than Rs 1,58,051.41 crore for the year 2018-19 budget estimate.
* Development and non-development expenditure for the year 2019-20 development expenditure is Rs 1,43,133.73 crore and non-development expenditure Rs 54,367.30 crore respectively. The total expenditure is Rs 2,00,501.01 crore. The percentage of development expenditure and non-development expenditure in total expenditure is 72.88 and 22.58 respectively.
* The Capital and Revenue expenditure for the year 2019-20 Revenue expenditure is Rs 1,55,230.65 crore and Capital expenditure is Rs 45,270.36 crore respectively.
* Capital outlay for the financial year 2019-20 is estimated at Rs 45,270.36 crore, which is Rs 5,019.76 crore more than Rs 40,250.60 crore for the year 2018-19 budget estimate.
* Revenue Expenditure for the financial year 2019-20 is estimated at Rs 1,55,230.65 crore. which is Rs 18,490.98 crore more than Rs 1,36,739.67 crore for the year 2018-19 budget estimate.
* Annual Scheme Outlay for the financial year 2019-20 is estimated at Rs 1,00,000.98 crore, which is Rs 8,206.25 crore more than Rs 91,794.73 crore for the year 2018-19 budget estimate.
* Establishment & Commitment Expenditure for the Financial Year 2019-20 is estimated at Rs 99,110.01 crore, which is Rs. 14,437.39 crore more than Rs 84,672.62 crore for the year 2018-19 budget estimate.
* Budget expenditure of Rs 2,00,501.01 crore has been estimated for the Year 2019-20 which is Rs 23,510.74 crore more than Rs 1,76,990.27 crore for the year 2018-19 budget estimate.
* Rs 16,734 crore has been allocated towards SC welfare and Rs 1,565 crore has been allocated towards ST welfare.
* Rs 34,798 crore has been allocated for education sector in the state.
* Bihar has the highest growth rate among all states, says Bihar Finance Minister Sushil Modi.
* This budget is nine times more than the budget of 2004-05, says the finance minister.
* The size of the budget for financial year 2019-20 is Rs 2 lakh crore.

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