<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">Haryana Chief Minister Manohar Lal who also holds the portfolio of the Finance Minister, presented budget of Rs. 1,89,876 crore for the financial year 2024-25, which is 11.37 percent higher than the revised estimates of Rs. 1,70,490 crore for the year 2023-24. In the budget Rs. 1,34,456 lakh crore have been allocated for revenue expenditure and Rs. 55,420 lakh crore for capital expenditure, accounting for 70.81 percent and 29.19 percent of the total budget, respectively.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;">While presenting the budget, the Finance Minister said that the next two decades until 2047 is the Amrit Kaal where India will be amongst the foremost developed nations in the world, where India will emerge as the Vishwa Guru and in this journey of Viksit Bharat, Viksit Haryana will play a crucial role. He said, we will have to lay the foundation of Viksit Bharat-Viksit Haryana by our collective efforts and robust action plans.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;">The projected revenue receipts are Rs. 1,16,638 crore, comprising tax revenue of Rs. 84,551 crore and non-tax revenue of Rs. 9,243 crore. In tax revenue receipts, GST, VAT, excise, stamp duty, and registration are the major sources of revenue receipt. The share of Central tax is Rs. 13,332 crore, and grant in aid is Rs. 9,512 crore. Additionally, for FY 2024-25, the projected capital receipts is Rs. 72,722 crore.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;">Mr. Manohar Lal said that there is a plan to spend Rs. 8,119 crore on the construction of infrastructure for public sector undertakings in the financial year 2024-25. Therefore, the expenditure for this year is estimated to be Rs. 63,539 lakh crore.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;">The Finance Minister said that during the period 2014-15 to 2023-24, the Gross State Domestic Product (GSDP), at constant prices (2011-12 prices) of Haryana has recorded a compound annual growth rate of 6.1 percent from Rs. 3,70,535 crore in 2014-15 to Rs. 6,34,027 crore in 2023-24. GSDP at constant prices (2011-12 prices) at the national level has recorded a compound annual growth rate of 5.6 percent during the same period. Haryana's faster growth as compared to national growth has meant that the share of Haryana's GSDP in All-India GDP has increased from 3.5 percent in 2014-15 to 3.7 percent in 2023-24. Haryana has witnessed a year-on-year growth in its GSDP at constant prices of 8.0 percent in 2023-24, whereas the national GDP registered a growth rate of 7.3 percent during the same period.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;">The Finance Minister said that the national per capita income at current prices has increased by 114 percent from Rs. 86,647 in 2014-15 to Rs. 1,85,854 in 2023-24, whereas it has increased by 121 percent in Haryana from Rs. 1,47,382 in 2014-15 to Rs. 3,25,759 in 2023-24.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;">The Finance Minister said that his government has always been able to maintain the fiscal parameters within prudent norms. Fiscal deficit has been contained at 2.80 percent of GSDP in Revised Estimates (RE) 2023-24 as against the permissible limit of 3.0 percent of GSDP. For 2024-25, a fiscal deficit of 2.77 percent of GSDP is projected, which is well within the permissible limit of 3 percent, he added.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">He said that the overall debt stock has also been successfully contained within the prescribed limit. The debt to GSDP ratio in RE 2023-24 is 26 percent as against the limit of 33.10 percent of GSDP. For 2024-25 debt stock is projected at 26.15 percent of GSDP, much below the stipulated norms of 32.80 percent of GSDP. </span></p>