Bihar Budget 2019: Education got the highest allocation of Rs. 34,798.69 crore in this year’s budget against Rs.32,125.64 crore in 2018-19.
The Bihar government Tuesday attached top priority to education sector in its Budget for 2019-20 with a highest-ever allocation with no new taxes for its citizens. While presenting the Bihar budget in the Legislative Assembly on Tuesday, Deputy Chief Minister-cum-Finance Minister Sushil Kumar Modi also accorded top priority to roads, health, energy and police departments besides laying emphasis on 12 departments associated with “agriculture roadmap” such as agriculture, cooperative, rural development etc., reported Press Trust of India.
Education got the highest allocation of Rs. 34,798.69 crore in this year’s budget against Rs.32,125.64 crore in 2018-19, the Deputy Chief Minister said.
The finance minister has also announced the work for construction of 11 new medical colleges in the state. Works for the new medical colleges, which are to be set up both by Centre andstate – will begin in 2019-20 at Chapra, Purnea, Samastipur, Begusarai, Sitamarhi, Vaishali, Jhanjharpur, Siwan, Buxar, Bhojpur and Jamui.
Of the estimated revenue receipt of Rs. 1,76,747.64 crore of the state government in 2019-20, the state’s own tax revenue is estimated at Rs. 33,800.00 crore while the state’s own non-tax revenue is estimated at Rs. 4,806.47 crore.
Mr Modi presented the Budget of Rs. 2,00,501.01 crore, which is Rs. 23,510.74 crore more than the current 2018-19 year’s Budget of Rs. 1,76,990.27 crore.
The size of the state’s budget has increased nine fold to touch Rs. 2,00,501 crore in 2019-20, from Rs. 23,885 crore in 2004-05, Modi said while presenting his 10th budget in the Assembly.
“The increase in size of budget indicates that the state is witnessing high growth which is evident from the CRISIL report based on government data which said that Bihar registered the highest growth rate of 11.3 percent among major states in the country in 2017-18,” Mr. Modi said.
(Source – NDTV)
