Indian Economy News

UP government presents US$ 83.5 billion (Rs. 7 trillion) Budget for FY24 including various new schemes

  • IBEF
  • February 23, 2023

The Uttar Pradesh government presented a US$ 83.5 billion (Rs. 690,242.43 crores) Budget, including new schemes worth US$ 3.95 billion (Rs. 32,721.96 crores), for the financial year 2023-24.

The share of tax revenue in revenue receipts is US$ 53.94 billion (Rs. 445,871.59 crores), including its own tax revenue of US$ 31.77 billion (Rs. 262,634 crores) and the state's share in central taxes of US$ 22.16 billion (Rs. 183,237.59 crores), Uttar Pradesh Finance Minister Mr. Suresh Kumar Khanna said. He further said that the net receipts of US$ 665 million (Rs. 5,500 crores) are estimated from public accounts.

The minister also said that the revenue saving is projected at US$ 8.28 billion (Rs. 68,511.65 crores).

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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