Press Note Dated 12 March, 2025 The budget for the year 2025-26 has been presented in the Madhya Pradesh Legislative Assembly by Deputy Chief Minister,Finance, Shri Jagdish Devda, focusing on G Y A N, in which the main points are:
Doubling the size of the State budget in the next five years, increasing capital investment, extension of road, irrigation and power facilities, attracting investment for quality health facilities and employment generation
"Janta Ka Budget Janta Ke Liye"- For preparing the budget, an effort has been made to obtain suggestions from the public and include them in the budget.
The budget can be viewed through MP Government Diary App. The budget will also be available on the Finance Department's website www.finance.mp.gov.in and QR.
To make the budget accessible to the common people in simple language, two new books, Mera Budget and Department-wise Compilation of Schemes have also been published this year.
Key Points of the Budget 2025-26 are as follows:
The total appropriation amount is ₹4,21,032 crore, which is 15% higher compared to the previous year.
The budget estimates a revenue surplus of ₹618 crore for 2025-26.
The estimated revenue receipts are ₹2,90,879 crore, which include the state's own tax revenue of ₹1,09,157 crore, the state's share in central taxes of ₹1,11,662 crore, non-tax revenue of ₹21,399 crore, and grants received from the center amounting to ₹48,661 crore.
For the year 2025-26, a 7% increase in the state's own tax revenue is estimated compared to the budget estimates for 2024-25.
In the year 2025-26, a nearly 31% increase in capital expenditure is anticipated compared to the budget estimates for 2024-25.
₹47,296 crore (23.5%) is allocated for Scheduled Tribes (plan).
₹32,633 crore (16.2%) is allocated for Scheduled Castes (plan).
In the year 2025-26, capital expenditure is estimated to be 5.02% of the Gross State Domestic Product (GSDP).
Interest payments in 2025-26 are projected to be 9.84% of total revenue receipts.
The fiscal deficit is estimated to be 4.66% of the Gross State Domestic Product (GSDP) (the general borrowing limit is 3 percent and under the special assistance scheme for capital investment to states, ₹11,000 crore is estimated (0.65% of GSDP) + as per the guidelines of the Government of India, the unutilized borrowing limit from the year 2021-22 to 2023-24 (1.01% of GSDP) which are not counted under the FRBM limits).
The allowances for the government employees will be revised as per seventh pay commission with effect from April 1, 2025.
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