The Himachal Pradesh Government on Friday presented a Rs 49,131-crore populist Budget for 2020-21, with renewed focus on road and air connectivity, housing for poor and scheduled castes and quality education.
No new tax has been proposed in the budget which saw an increase of Rs 4,743 crore from Rs 44,388 crore in 2019-20. It was 41,440 crore in 2018-19. The revenue receipts of 2020-21 are estimated at Rs 38,429 crore, whereas expenditure is likely to be Rs 39,123 crore — leading to a revenue deficit of Rs 694 crore. The fiscal deficit is estimated at Rs 7,272 crore for 2020-21, which is 4 per cent of GSDP. The net borrowing will be 3 per cent of GSDP.
