PrashantNews
Uttarakhand Finance Minister Prem Chand Agarwal on Thursday presented the 2025-26 budget in the state assembly with a total expenditure of Rs 1,01,175.33 crore which is 13 percent higher than the previous budget.
Aggarwal said that the total receipts in 2025–26 are estimated to be around Rs 1,01,034.75 crore, which includes Rs 62,540.54 crore in revenue receipts and Rs 38,494.21 crore in capital receipts. He said that during this period, tax revenue is Rs 39,917.74 crore, which includes the state share of Rs 15902.92 crore in central taxes. In the budget, the total estimated revenue receipts from the state’s own sources are Rs 28,410.30 crore, out of which tax revenue is Rs 24,014.82 crore and non-tax revenue is Rs 4395.48 crore.
An expenditure of Rs 26005.66 crore is estimated on repayment of loans, Rs 6990.14 crore as payment of interest, approximately Rs 18,197.10 crore on salary allowances of state employees and Rs 9917.40 crore as pension and other retirement benefits.
Out of the total estimated expenditure of Rs 1,01,175.33 crore, Rs 59,954.65 crore is the expenditure on revenue account and Rs 41,220.68 crore is the expenditure on capital account.
The minister said that no revenue deficit is estimated in the budget for the year 2025–26, but a revenue surplus of Rs 2,585.89 crore is estimated. Apart from this, a fiscal deficit of Rs 12604.92 crore is estimated, which is 2.94 percent of the state GSDP and it is within the specified limit of the FRBM Act.
After the budget was presented in the House, Chief Minister Pushkar Singh Dhami said the budget would fulfill the vision of the government which includes its priorities and resolutions and the roadmap for future plans.
He expressed happiness that in the silver jubilee year of the formation of the state, the size of the state budget has crossed Rs one lakh crore mark, which is 13 percent more than last year and 24 times more than the first budget presented in 2001–02 after the formation of the state.
“’We have prepared this budget keeping in mind the comprehensive framework of ecology, economy, sustainable and inclusive development as well as technology and accountability,” he said.
He said that in this budget we have established a venture fund which also includes riverfront development plan, operation of electric buses and establishment of sports university.