(LiveMint)
The Yogi Adityanath-led government in Uttar Pradesh on Friday presented its 2018-19 budget with a spending target of Rs4.28 trillion, focusing mainly on improving energy access, rural housing and infrastructure.
The Bharatiya Janata Party government in the state with the largest number of parliamentary seats will spend Rs29,883 crore on various energy sector schemes and will try to provide electricity connections to 15 million households by March 2019, when the country goes to polls.
“We have presented a very good budget for the farmers, youth, women and villages, keeping in mind fiscal discipline,” said chief minister Adityanath. The state’s FY18-19 budget, which raises annual spending by 11.4% from the revised estimate for FY17-18, seeks to contain fiscal deficit at 2.96% of gross state domestic product. The budget revised the fiscal deficit for FY17-18 marginally to 2.98% from the original estimate of 2.97%.
