Day 2 photo of the Assembly budget Session 2023. Photo used for indicative purpose only

Shimla, March 17 – HP Budget 2023: ‘Sukh ka budget’ in brief highlights

Chief Minister Sukhvinder Singh Sukhu presented the first budget of Total outlay Rs 53,413 Crores. In the year 2023-24, the revenue receipts are estimated to be Rs.37,999 crore and the total revenue expenditure Rs.42,704 crore.  Thus, the total revenue deficit is estimated to be Rs.4,704 crore.

The fiscal deficit is estimated to be Rs.9,900 crore which is 4.61 percent of the Gross State Domestic Product.

As per the budget of 2023-24, out of every 100 Rupees spent, Rs.26 will be spent on salary, Rs.16 on pension, Rs.10 on interest payment, Rs.10 on loan repayment, Rs.9  on grant to autonomous institutions, while the balance Rs.29 will be spent on other activities including capital works.

According to the Revised Estimates of 2022-23, the total revenue expenditure is estimated to be Rs.45,115 crore. Similarly, as per the Revised Estimates for 2022-23, the revenue deficit is estimated to be Rs.6,170 crore.
While presenting the budget CM Sukhu stated that government should adopt new technology for construction and other services. He said that Green energy is focus of the government. He said that there is need of austerity measures. He said that government is committed to take less loan and generate additional resource of economy and reduce the spend thrift. He said by March 31, 2026, HP will be converted into a green state.

Budget Highlight



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