presentation on govt budget madhya pradesh, Slides of Economics

Download presentation on govt budget madhya pradesh and more Slides Economics in PDF only on Docsity!

BUDGET

ANALYIS

Presented to : Asst. Prof. Kanchan Singh Presented by : Aditya Chaudhary Hemant Chauhan Kajal Mathe Pratham Saxena

Introduction

WHAT IS BUDGET?

1.It is a financial plan that estimates the expenditures and revenues of a state for the next or future financial year (usually one year period)

2. This process reflects the economical, social policies in the country.

Components of budget

**1. Estimated revenue

2. Fixed cost
3. Variable costs
4. One-time expenses
5. Cash flow
6. Profit**

STEPS OF FORMING BUDGET

Make a timeline of the important historical event or list historical contributions made by people of Asian Pacific heritage. 1 st^ step 2 nd^ step 3rd step 4 th^ step 5 th^ step 6 th^ step 7 th^ step 8 th^ step Departme ntal Budget Request Budget Officer Review Revenue Projection Review by City Manager, CAO, and/or Mayor Legislativ e Body Review Budget Public Hearing Budget Adoption Budget Implemen tation

Madhya Pradesh budget of 2021

• The Gross State Domestic Product (GSDP) of Madhya Pradesh for 2021-22 (at current prices) is projected to be Rs 11,32,116 crore. This is equivalent to a 10% annual growth over 2019-20. In 2021-22 GSDP is estimated to be 23.4% higher than the revised estimate of GSDP for 2020-21 (Rs 9,17,555 crore). In 2020-21, GSDP (at current prices) is estimated to contract by 2.1% from the previous year.
• Total expenditure for 2021-22 is estimated to be Rs 2,34,918 crore, an 11% annual increase over the expenditure in 2019-20.
• Total receipts (excluding borrowings) for 2021-22 are estimated to be Rs 1,66,525 crore, an annual increase of 6% over the actual receipts for 2019-20. In 2020-21, as per the revised estimates, total receipts (excluding borrowings) are estimated to be Rs 1,37, crore, which is 7% lower in comparison to 2019-20.
• Revenue deficit for 2021-22 is estimated to be Rs 7,953 crore, which is 0.7% of the GSDP. In 2020-21, as per the revised figures, revenue deficit is estimated at Rs 21,051 crore (2.29% of GSDP), as compared to the budgeted estimate of Rs 17,189 crore (1.81% of GSDP).
• Fiscal deficit for 2021-22 is targeted at Rs 50,598 crore (4.47% of GSDP). In 2020-21, the revised estimate for fiscal deficit is expected to be 5.66% of GSDP, higher than the budget estimate of 4.96% of GSDP.
• Sectors: Allocation towards water supply and sanitation had the highest annual increase of 54% over 2019-20, followed by health and family welfare (10%), and education, sports, arts and culture (10%). An annual decrease of 2% is seen in the allocation for construction of roads and bridges, and rural development between actual expenditure for 2019-20 and estimates for 2021-22.

Madhya Pradesh budget in 2022

• (^) The Gross State Domestic Product (GSDP) of the state for 2022-23 (at current prices) is projected to be Rs 11,51,049 crore.
• (^) This is a growth of 11.1% over the revised estimate of GSDP for 2021- 22 (Rs 10,36,048 crore). In 2021-22, GSDP is estimated to grow at 12.9% over the previous year (at current prices).
• (^) ▪ Expenditure (excluding debt repayment) in 2022-23 is estimated to be Rs 2,47,715 crore, a 14% increase over the revised estimates of 2021-22 (Rs 2,17,813 crore).
• (^) In addition, debt of Rs 24,114 crore will be repaid by the state in 2022-23. In 2021-22, expenditure (excluding debt repayment) is estimated to be 0.3% higher than the budget estimate.
• ▪ Receipts (excluding borrowings) for 2022-23 are estimated to be Rs 1,95,204 crore, an increase of 12% over the revised estimates of 2021-22 (Rs 1,74,526 crore).

THANK

YOU

Questions & answers

Invite questions from the audience