UP Budget Expected To Touch Rs 7 Lakh Crore Mark, To Focus On Infrastructure, Agriculture, Jobs

According to the sources, the budget is expected to be around Rs 7 lakh crore for the financial year 2023-24 against the last year’s Rs 6.48 lakh crore.

Uttar Pradesh Budget for the financial year 2023-24 will be presented in the Legislative Assembly today.

New Delhi: Uttar Pradesh Budget for the financial year 2023-24 will be presented in the Legislative Assembly today. Finance Minister Suresh Khanna will table Budget 2023-24. 

This will be the second budget of the Yogi Adityanath 2.0 government and the seventh overall. Chief Minister Yogi Adityanath has said that the budget will focus on the expectations of the people and overall development. 

According to the sources, the budget is expected to be around Rs 7 lakh crore for the financial year 2023-24 against the last year’s Rs 6.48 lakh crore, including a supplementary budget of Rs 33,769 crore. Since the budget comes ahead of the general elections scheduled for 2024, this budget is likely to give a further push to infrastructure, agriculture and welfare schemes, and empowerment of women.

Yogi Adityanath has already urged officials to focus on delivering promises made in the ruling party's "Sankalpa Patra" in the 2022 Assembly elections, and welfare schemes for farmers, women, and youth are likely to be announced.

Since the government’s focus also remains on religious faith, infrastructure development is also likely to see fund allocations for towns and areas with a potential for spiritual tourism.

Uttar Pradesh Deputy Chief Minister Keshav Prasad Maurya said the state budget will exceed the expectations of people. 

"There is a double-engine government of the BJP with Prime Minister Narendra Modi ji at the Centre, and Yogi Adityanath ji in the state. The UP budget will be better than the expectation of the people. And the way the opposition parties were left puzzled after the Union Budget, the same thing will happen after the state budget is presented," Maurya told the media.

He said the opposition termed the Union budget an election budget as they do not know about the "farsightedness of Prime Minister Narendra Modi". "If he decides a target, he does not sit quiet until he achieves it."

Adityanath has announced that UP will be the biggest economy in the country with one trillion dollars in the next four years’ time.