A budget to realise vision of Madhya Pradesh’s development
Bhopal: Chief Minister Shri Shivraj Singh Chouhan has said that the budget presented in Vidhan Sabha today is the budget which will ensure faster development of Madhya Pradesh. The budget has taken care of welfare of all sections of society. It is revenue surplus budget for consecutive 11th year. He congratulated the Finance Minister for balanced and development-oriented budget.
The Chief Minister said that the budget aims at fulfilling targets of Vision-2018 for Madhya Pradesh’s development. The budget involving about Rs. one lakh 31 thousand 199 crore is 12 percent more than last year. In it, capital expenditure has increased by 13.8 percent and revenue expenditure only 9.9 percent. In comparison to gross state domestic product, loans have reduced to 19.6 percent from 20.7 percent last year. Loan interest payment compared to revenue receipts is only 7.04 percent, which was 22 percent during year 2003-04. Compared to revenue receipts, expenditure of payment of salaries/allowances has decreased constantly which will be reduced to only 22.63 percent during current fiscal.
The Chief Minister said that infrastructure development has been given priority in the budget. A sum of Rs. 5 thousand 900 crore has been earmarked for roads, Rs. 2 thousand 800 crore for rural roads, Rs. 9700 crore for power, budget of Rs. 22 thousand crore has been proposed for SC, ST and Backward Classes Welfare, Rs. 4400 crore for Women and Child Development and Rs. 15 thousand 700 crore for school education. Rs. 7400 crore has been allocated for irrigation and Rs. 19 thousand 600 crore has been earmarked for agriculture and allied sectors. Necessary arrangements for increasing skill development and investment have been made in the budget. Provision of recruitment of 5 thousand police personnel has been made in the budget to make law & order more effective. Apart from promoting tourism, sports and culture, adequate provisions for holding Simhastha has been made in the budget. The Chief Minister has described it as a balanced and welfare-oriented budget for ensuring infrastructure development and augmenting investment.
