Current AffairsIndia

Jharkhand Budget for 2021-22 worth Rs 91,277 crore tabled in Assembly

Ranchi: The state government on Tuesday tabled the annual budget of Jharkhand worth a total of Rs 91,277 crore for the financial year 2021-22.

Finance Minister Rameshwar Oraon tabled the budget in Assembly. Out of Rs 91,277 crore, a sum of Rs 75,755.01 crore has been set for revenue expenditure while a sum of Rs 15,521.99 crore has been set for institutional expenditure.

As far budgetary allocations are concerned sector-wise the general sector has been allocated a sum of Rs 26,734.05 crore, the social sector 33,625.72 crores while the economic sector has been allotted a sum of Rs 30,917.23 crore.

The fiscal deficit for the year 2021-22 has been pegged at Rs 10,210.87 crore which is 2.83 per cent of the GSDP.

The finance minister said that in the year 2019-20 the growth rate of Jharkhand was 6.7 per cent however due to the Coronavirus pandemic apart from the country the growth rate in Jharkhand has been also impacted. He said that in the year 2020-21 the GDP of the country is expected to fall by 7.5 per cent while that of Jharkhand is expected to decline by 6.9 per cent.

However, he said that due to the efforts of the state government development has once again come on track and due to far-sighted policies in the year 2021-22 the growth rate has been projected at 9.5 per cent.

The state government plans to earn a sum of Rs 23,265.42 from its taxes, non tax receipts have been pegged at Rs 13,500 crore. From central assistance, a sum of Rs 17,891.48 crore while from the share in central taxes a sum of Rs 22,050.10 crore, from public borrowings Rs 14,500 crore and from advance taxes a sum of Rs 70 crore is expected.

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