Gujarat finance minister Kanubhai Desai presented a â‚ą3.32 lakh crore state budget with no new taxes imposed on people.
Budget
Gujarat finance minister Kanubhai Desai presented a ₹3.32 lakh crore state budget with no new taxes imposed on people. The total budget outlay of ₹3,32,465 crore for 2024-25 showed an increase of ₹31,444 crore, or 10.44%, over the previous fiscal (2023-24 budget estimate). Of the total outlay, nearly ₹2.14 lakh crore or 64.4% was allocated for “developmental expenditure”, while ₹83,000 crore or 25.1% was for “non-developmental expenditure”. Gujarat government unveiled its fiscal plan for the year 2024-25 with an estimated surplus budget of ₹146.72 crore while outlining a roadmap for the next 25 years. By raising Gujarat’s contribution to the national GDP from 5.1% in 2000-2001, to 8.2% right now, the state has earned the distinction of being the growth engine of India.
Capital- Gandhinagar
Chief minister- Bhupendrabhai Patel; Governor- Acharya Devvrat
____________________________
