Bihar Deputy Chief Minister Samrat Choudhary, who is also the Finance Minister, tabled a Rs 2.79 lakh crore budget in the assembly for the financial year 2024-25.

Budget

Bihar Deputy Chief Minister Samrat Choudhary, who is also the Finance Minister, tabled a Rs 2.79 lakh crore budget in the assembly for the financial year 2024-25. The state registered a growth rate of 10.64 percent in the current fiscal. The state’s budget estimate for the next fiscal was Rs 2,78,725.72 crore, an increase of Rs 16,840 crore, compared with the current financial year. Out of the total expenditure, Rs1 lakh crore was earmarked for “annual scheme outlay” with the largest share (22.20 percent) reserved for the education department, followed by rural development (13.84 percent). The estimated expenditure on health has been pegged at 7.41 percent of the annual scheme outlay, while 1.88 percent will be kept for “backward classes and most backward classes welfare”. The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 sets a target for the government to establish financial discipline in the economy.


     

     

     

 

     


Bihar

Capital- Patna
Chief Minister- Nitish Kumar
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