Question – Consider the following statements related to the budget ‚2021-22 presented in the Madhya Pradesh Legislative Assembly on March 2, 2021-
(i) Finance Minister Jagdish Deora presented the budget for the year 2021-22 in the Madhya Pradesh Legislative Assembly.
(ii) It has a provision of a total appropriation amount of Rs. 2,41,375 crore for the financial year 2021-22.
(iii) The fiscal deficit in the year 2021-22 is estimated at Rs 50,938 crore, which is 4.5 percent of the state’s gross domestic product.
(iv) In this budget, crop of farmers can be easily procured. For this purpose, a new scheme, Mukhyamantri Fasal Uparjan Sahayta Yojana, is proposed to be implemented.
Which of the statements given above is / are correct?
(a) Only (i) and (iii)
(b) Only (i), (ii) and (iv)
(c) Only (ii) and (iv)
(d) All of the above
Answer – (d)
Related facts
- On March 2, 2021, Madhya Pradesh Finance Minister Jagdish Deora presented the budget for the year 2021-22 in the Legislative Assembly.
- The budget for the year 2021-22 was presented digitally.
- In this budget, various schemes have been prepared in mission mode keeping in view the ‘Self-reliant Madhya Pradesh’.
- Key points of the budget 2021-22
- Total appropriation amount for the year 2021-22 is Rs. 241375 crore. 1726971 crore is proposed under revenue expenditure and Rs. 44152 crore under capital expenditure.
- The fiscal deficit in the year 2021-22 is estimated at Rs 50,938 crore, which is 4.5 percent of the state’s gross domestic product.
- In this budget, crop of farmers can be easily procured. For this purpose, a new scheme, Mukhyamantri Fasal Uparjan Sahayta Yojana, is proposed to be implemented.
- 44,152 crores has been increased for infrastructure development compared to last financial year, agriculture has increased by 18,577 crores.
- MP’s provision in central taxes is a provision of Rs 52,247 crore, while last year, Rs 46,025 crore was received under this head.
- Interest payment in the year 2021-22 is 12.72 percent of the total revenue receipts.
- State’s total outstanding liabilities are 28.52% of state gross domestic product estimated.
- The State Cancer Institute in Jabalpur and Tertiary Cancer Care in Gwalior will start functioning soon.
- Mukhyamantri Tirthdarshan Yojana will be re-operated.
- Action is being taken to develop the world’s largest floating solar power plant of 600 MW at Omkareshwar.
- In principle approval has been given to Madhya Pradesh to host the Khelo India Youth Games of 2022.
- There are 18 sports academies in MP.
By — Pankaj Pandey.
Link:
https://finance.mp.gov.in
https://finance.mp.gov.in/uploads/budget/badt234.pdf
https://finance.mp.gov.in/uploads/budget/Budget_Presentation_2021-22_Press_conf__2_3_2021_Final.pdf