UP govt presents deficit Budget

Apparently with an eye on the state Assembly Elections due next year, the Uttar Pradesh government Tuesday presented a deficit Budget of Rs 16,9416.38 crore for the financial year 2011-12.

Updated: Feb 08, 2011, 12:59 PM IST

Lucknow: Apparently with an eye on the
state Assembly Elections due next year, the Uttar Pradesh
government Tuesday presented a deficit Budget of Rs 16,9416.38
crore for the financial year 2011-12.

"The budget size for the financial year is 169416.38
crore is 10.6 per cent higher than the current fiscal,"
Finance and Parliamentary Minister Lalji Varma told the
Assembly while presenting the Budget.

He said a provision of Rs 5,153 crore has been made
for meeting fresh expenditure demand.

The minister estimated the total receipts in 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," Varma said.

He said to meet the loss, Rs 3,900.25 crore will
be adjusted from the public account.

In a bid 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 for the current fiscal.

PTI