The Uttar Pradesh government on Tuesday presented a Rs 5,12,860.72 crore budget for FY 2020-21, which also includes Rs 500-crore allocation for constructing an airport in Ayodhya. The budget, the size of which is Rs 33,159 crore more than previous year's budget, has provisions for new schemes worth Rs 10,967.87 crore.
For the development of the pilgrim city Ayodhya as a tourist spot, the budget has earmarked Rs 85 crore and another Rs 10 crore for renovation of Tulsi Smarak Bhawan there.
Among other major allocations for Ayodhya, where the construction of a Ram temple is expected to begin in a couple of months, was Rs 500 crore for an airport.
The government allotted a fund of Rs 2,000 crore for the Jewar Airport in Gautam Buddh Nagar. The airport is expected to go operational by 2023
The budget also earmarked Rs 180 crore for setting up a cultural centre in Varanasi and Rs 200 crore for expansion and beautification of Kashi Vishwanath temple.
As per the budget estimate for 2020-21, total receipts of Rs 5,00,558.53 crore are estimated. This includes Rs 4,22,567.83 crore by way of revenue and Rs 77,990.70 crore by way of capital receipts.
Revenue receipts include Rs 3,18,884.17 crore by way of tax revenue share, which includes Rs 1,66,021 crore by way of the state's own tax revenue and Rs 1,52,863.17 crore by way of the state's share in the central taxes.
Total state expenditure is estimated at Rs 5,12,860.72 crore, which includes Rs 3,95,116.95 crore by way of revenue expenditure and Rs 1,17,743.77 crore by way of capital expenditure.
After deducting total expenditure from the receipts of the consolidated fund, a deficit of Rs 12,302.19 crore is estimated.
Net receipts of Rs 8,500 crore are estimated from public account.
Fiscal deficit of Rs 53,195.46 crore is estimated in the financial year 2020-21, which is 2.97 percent of the Gross State Domestic Product estimated for this fiscal.
A revenue saving of Rs 27,450.88 crore is estimated in the year 2020-21.
The state's debt liability is estimated to be 28.8 percent of the state's Gross Domestic Product.
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