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Assam's finance minister, Ajanta Neog, unveiled the state's ₹774.47 cr deficit budget for the 2024–25 fiscal year without proposing additional levies. According to the budget estimates for 2024–25, the state's consolidated fund will get ₹1,43,605.56 crore.
Neog announced that the total budget for the upcoming fiscal year will be ₹2.9 lakh crore while addressing the ongoing budget session.
According to budget estimates, the state's consolidated fund is expected to receive ₹143,605.56 crore in 2024–25. The total receipts come to ₹290,155.65 crore, with ₹2,000 crore coming from the contingency fund and ₹144,550.08 crore from the public account, according to Neog.
The minister mentioned that total expenditure from consolidated fund in 2024-25 is estimated at ₹143,890.62 crore. She said that that when expenditure of ₹142,670.09 crore under public account and ₹2,000 crore under contingency fund is taken into account, the aggregate expenditure for 2024-25 is estimated at ₹288,560.71 crore.
“There would be a budget surplus of ₹1594.94 crore during the financial year. If we take into account the deficit of ₹2369.41 crore at the start of the financial year, the budget deficit at the end of 2024-25 is estimated at ₹774.47 crore,” Neog stated.
The minister stated that the size of Assam GSDP (gross state domestic product) is estimated to be ₹6.43 lakh crore in 2024-25 in comparison to ₹5.7 lakh crore in the current financial year. Hailing the budget, chief minister Himanta Biswa Sarma stated that this budget will help place Assam among the top five states in the country. “This budget has provided a realistic roadmap for sustainable growth with creation of employment opportunities. Our economic growth is consistently exceeding the national GDP growth rate,” said Sarma.
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