On Thursday the Uttarakhand assembly experienced tabling of the first supplementary budget for the current financial year pegged at ₹5,013.05 crore. This budget has massive provisions meant for the enhancement of developmental objectives of the common public, which reflects the further sincere intentions of the state government concerning enhancing the quality of life of its inhabitants.
Some of the provisions that have been captured in the supplementary budget are as follows:
The budget was presented by State Finance Minister Premchand Aggrawal during the second day of the monsoon session of the Assembly, he clarified that this supplementary budget is meant to support the measures declared during the basic annual budget. The allocations made also reflect the budget priorities of the government in so far as the welfare of the public is concerned.
The total supplementary budget is divided into two primary categories: The total supplementary budget is divided into two primary categories:
- Revenue Expenditure: ₹3,756.89 crore
- Capital Expenditure: ₹1,256.16 crore
A considerable part of the financial resource spending was constituted by ₹1,804. Of these, resource-related projects account for a sum of 82 crore. This includes ₹1,531.65 crore for centrally aided projects and Rs 273.17 crore for externally aided projects: The expenditure on externally aided projects was 17 crore. These investments are necessary to build the infrastructure the services that will benefit the residents of the state.
Certain Expenditure Schedules Stressed on Public Interest
Several sectors have received targeted funding within this supplementary budget: Several sectors have received targeted funding within this supplementary budget:
- State Disaster Response Force (SDRF): They proposed a provision of ₹718. and a sum of 40 crore has been given to ensure that the state has better preparedness and response mechanisms in case of disasters.
- Samagra Shiksha: The education sector remains a focus area to which ₹697 crores has been devoted to funding the integrated education program.
- Information Department: ₹225 crore has been approved for enhancing the capability and activities of the information and media dissemination in the state.
- Urban Development Department: A Fund of ₹192 crore has been provided for the enhancement of infrastructural facilities especially in the urban sector to provide a better standard of living and promote sustainable development.
All these allocations reveal that there is a well-chosen policy on the part of the government to tackle every sector’s existing and prospective demands in both the short run and the long run.
Conclusion
The ₹5,013. This 05 crore supplementary budget indicates the significance of Uttarakhand in continuing the process of welfare gradation through optimum planning of the financial budget. In disaster management, education, information, and urban development, this government of the state seeks to build a stronger and economically progressive Uttarakhand.
This budget is a clear indication of the government’s preparedness to nurture development projects to receive adequate funding right from time despite emergent challenges or opportunities. When it is done, the people of Uttarakhand can plan to see betterment in many aspects of their lives, which are products of the raised funds.
