Prepare a plan to allocate expenditures and budget for major departments
Awaz E Bihar••0 views•2 min read
The annual plan expenditure is approximately Rs 1.22 lakh crore as per the budget. The allocation for major departments is as follows: Department of Rural Development: 18.33 percent Education: 15.02 percent Health: 8.21 percent Urban Development and Housing: 7.77 percent Rural Affairs: 7.29 percent Social Welfare: 6.86 percent An amount of Rs 19,603.02 crore has been allocated for the Scheduled Castes Special Component Plan and Rs 1,648.41 crore for the Tribal Sub Plan. This amount has been kept under "Maoist-affected" so that it can be spent only on the beneficiaries of the Scheduled Castes and Scheduled Tribes. Additionally, Rs 13,202.38 crore has been allocated for the social welfare of Scheduled Castes, Scheduled Tribes, Other Backward Classes, Extremely Backward Classes, and minorities. Financial Position and Development Goals The budget states that the state's financial condition is strong. It says that in 2024-25, the revenue deficit was just 0.04 percent of the GSDP, while the fiscal deficit was 4.16 percent, which is higher than the prescribed limit of 3.0 percent. The minister said that the government's goal is to double the state's per capita income over the next five years. Efforts are also being made to attract private investment of Rs 5 lakh crore for rapid industrial development. The state's own revenue receipts are estimated to be Rs 75,202.98 crore in 2026-27, out of which tax revenue will be Rs 65,800 crore. Financial Assistance to Farmers and Artists The government has launched a new scheme for senior artists who are now weak and financially weak. Under this scheme, eligible artists will get a monthly pension of Rs 3,000 so that they can live a comfortable and dignified life. The government has also launched a new assistance scheme for farmers, Jan NaiK Krupori Thakur Kisan Samman Nidhi. Under this scheme, farmers will get an additional Rs 3,000 every year, similar to the Prime Minister's Kisan Samman Nidhi. The government has set a target of creating 10 million jobs in the coming years.