Bihar budget 2020-21
GDP
The growth rate of Bihar’s GSDP (at constant prices) was 10.5% in 2017-18 and 2018-19, higher than the GDP growth rate of the country in both years.
The Fiscal Deficit
Fiscal deficit is the amount left by subtracting revenue receipt, recoveries of loans and advances and repayment of public debt from total expenditure. For the year 2020-21, estimated Fiscal Deficit is Rs 20,374.00 crore, which is 2.97 percent of GDP.
Public debt
The Outstanding Public Debt is estimated at Rs 1,63,903.88 crore in 2020-21 which is 23.90% of GDP of Rs. 6,85,797.00 crore. Total debt including liability in public account estimate is Rs.2,06,680.15 crore in 2020-21 which is 30.14% of GDP of Rs. 6,85,797.00 crore.
Budget expenditure
Budget expenditure of Rs 2,11,761.49 crore has been estimated for the Year 2020- 21 which is Rs. 11,260.48 crore more than Rs 2,00,501.01 crore for the year 2019-20 budget estimate.
Capital and Revenue expenditure
The Capital and Revenue expenditure for the year 2020-21 Revenue expenditure is Rs. 1,64,751.19 crore and Capital expenditure is Rs. 47,010.30 crore respectively. The total expenditure is Rs. 2,11,761.49 crore. The percentage of Revenue and Capital expenditure in total expenditure is 77.80 and 22.20 respectively.
Per capita income
The per capita GDP of Bihar in 2018-19 (at constant prices) was Rs 33,629, 9% higher than the corresponding figure in 2017-18. In 2017-18, the per capita GSDP of Bihar was the lowest among all states.
Development and Non-Development expenditure
Development and Non-Development expenditure for the year 2020-21 Development expenditure is Rs. 1,51,831.92 crore and Non-Development expenditure Rs. 59,929.57 crore respectively. The total expenditure is Rs. 2,11,761.49 crore. The percentage of Development expenditure and Non-Development expenditure in total expenditure is 71.70 and 28.30 respectively.
Total Revenue Receipt
Total Revenue Receipt has been estimated at Rs. 183923.99 crore in 2020-21 which is Rs. 7,176.35 crore more than Rs. 1,76,747.64 crore for the year 2019-20 budget estimate.
Budget 2020-21 allocations for Education sector
For the year 2020-21 expenditure for this department is estimated at Rs. 35,191.05 crore. in which Rs 33,950.48 crore for Revenue Section and Rs 1,240.57 crore for Capital Section.
Budget 2020-21 allocations for Health sector
For the year 2020-21 expenditure for health department is estimated at Rs. 10,937.68 crore, in which Rs 9,129.43 crore Revenue Section, and Rs 1,808.25 crore for Capital Section.
Welfare Initiative
A provision of Rs. 11,911.38 crore for the welfare of SC & ST, Minority and OBC & MBC for year 2020-21.
Allocation for rural development
Bihar has allocated 12.8% of its expenditure on rural development. This is significantly higher than the average allocation for rural development by states (6.2%).
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