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.
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