Gujarat State Budget 2023-24 Live Updates And All details
In India, the budget-making process involves the preparation of an annual financial statement, which is presented to the Parliament or State Legislature by the Finance Minister. The budget outlines the government's revenue and expenditure plans for the upcoming financial year, which runs from April 1 to March 31.
Similarly, the Gujarat state budget is also presented by the Finance Minister of Gujarat to the Gujarat Legislative Assembly. The budget includes estimates of revenue and expenditure for the state government, along with details of sector-wise allocations and policies for the upcoming financial year.
Some of the key components of a state budget include:
Revenue receipts: This includes the state's own revenue collections from taxes, fees, and other sources.
Capital receipts: This includes borrowings by the state government, as well as grants and loans from the central government or other sources.
Revenue expenditure: This includes expenses on the day-to-day functioning of the government, such as salaries, pensions, and subsidies.
Capital expenditure: This includes expenses on capital assets like infrastructure, buildings, and equipment.
Sector-wise allocations: The budget also provides details of allocations to different sectors such as education, healthcare, agriculture, and infrastructure.
Once the Gujarat Budget 2023 is presented, you can check the official website of the Gujarat Government or news websites for detailed information.
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