UP Budget June 2014 – UP Chief Minister Akhilesh Yadav presents tax free budget :- Uttar Pradesh Chief Minister Akhilesh Yadav presented a tax free budget of a size of Rs 2,74,705 crore for this fiscal, with a proposed deficit of Rs 4,132 crore.The budgetary provisions are higher by 24 per cent as compared to 2013-14 financial year.While no new taxes have been proposed, there has also been no allocation for the ambitious free laptop, kanya vidyadhan and unemployment allowance promised by the ruling Samajwadi Party in its election manifesto during assembly elections in 2012.The budget tabled in the assembly, showed an over 24 per cent increase from the last year’s level of Rs 2,21,201.19 crore.Uttar Pradesh Chief Minister Akhilesh Yadav presented a budget of a size of Rs 2,74,705 crore for this fiscal, with a proposed deficit of Rs 4,132 crore and no new taxes have been proposed.
Some key observations from UP Budget 2014-15:
- The size of the budget for fiscal 2014-15 is Rs 2,74,705 crore which is a 24% increase from the last year’s level of Rs 2,21,201.19 crore. The budget has a proposed deficit of Rs 4,132 crore.
- As compared to 2013-14, the budgetary provisions of this fiscal are higher by 24%.
- No new taxes.
- No allocation for the ambitious free laptop, kanya vidyadhan and unemployment allowance unlike what the ruling Samajwadi Party had promised in its election manifesto during assembly polls in 2012.
- Emphasis on infrastructural facilities like roads, bridges, irrigation and power sector with a provision of Rs. 49,108 crore, about 82% higher than 2013.
- Rs 2,424 crore for government’s ambitious Samajwadi Pension scheme that targets 40 lakh families, and Rs 7,625 crore for agriculture and associated services, 15% more than 2013.
- Rs 41,538 crore for the Education sector.
- Allocation for the medical health and family welfare hiked by 34% to Rs 14,377 crore.
- Provision of Rs 25,522 crore under the head of SC/ST, backward, handicapped and minorities welfare and Rs 50 crore for a scheme of rural road scheme named after the ruling party’s late leader Ram Saran Das.
- Provision of Rs 95 crore for the Lucknow metro project.
- Rs 3,280 crore to be allocated for the six-lane Lucknow-Agra 300 km long expressway.
- Proposal for special schemes in Purvanchal and Bundelkhand worth Rs. 291 and 758 crore respectively.
- Provision of Rs 1,613 crore for old age and kisan pension schemes.
- The state government targets creating 2018 man days for 41 lakh families under the MGNREGA Scheme.
- Provision of Rs 178 crore for adopting the national food security mission scheme,
- Rs 12,400 crore for modernisation of police force and Rs 23,928 crore for improving power set-up.
- Rs 919 crore to be allocated for scholarships to students belonging to minorities, Rs 240 crore for modernisation of arbi-farsi madarsas and Rs 200 crore for construction of boundaries of burial grounds.
- As per the budget, ground work is on for starting up the 11.11 km extension of the metro rail project in Ghaziabad at a cost of Rs 1,838 crore.
