Bihar

• 01 Mar 2022

Bihar Budget 2022-23

Why in News

• On February 28, 2022, Finance Minister of Bihar Tarkishore Prasad presented the budget for the year 2022-23.

Key Points

• Bihar Budget 2022-23 is based on six points – health, education, investment in industry, agriculture and allied sectors, infrastructure (rural and urban) and welfare of different sections.
• Following are the important facts related to the budget 2022-23-
  
  • Total Expenditure - Rs 2,37,691,19 crore
    
    • Revenue Expenditure - Rs 1,91,9566.7 crore
    • Capital Expenditure - Rs 45,734.52 crore
  • Total receipts - Rs 2,37,891.94 crore
  • Fiscal Deficit – Rs 25,885.10 crore (3.47 per cent of GSDP)
• The budget estimate of fiscal deficit is within the prescribed limit of FRBM Act (for 2022-33 4.0 per cent).
• The economic growth rate of the state for the year 2022-23 is estimated at 9.7 percent.
• In the budget, a budget provision of Rs 500 crore has been made for the financial year 2022-23 for the Saat Nischay Part-2 scheme of Atmanirbhar Bihar under good governance.
  
  • Nischay 1. Yuva Shakti - Progress of Bihar
  • Nischay 2. Strong woman, capable woman
  • Nischay 3. Irrigation water to every field
  • Nischay 4. Clean Village - Prosperous Village
  • Nischay 5. Clean City - Developed City
  • Nischay 6. Easy Connectivity
  • Nischay 7. Additional health facilities for all