बिहार बजट 2017-18 | Bihar Budget 2017-18

Bihar Budget 2017-18बिहार बजट 2017-18 | Bihar Budget 2017-18: Finance Minister, Mr. Abdul Bari Siddiqui presented the Budget for Bihar for financial year 2017-18 on February 27, 2017.
Bihar Budget 2017-18 Highlights:
The Gross State Domestic Product of Bihar for 2017-18 at current prices is estimated to be Rs 6,32,180 crore. This is 17% higher than the revised estimates for 2016-17.
Total expenditure for 2017-18 is estimated to be Rs 1,60,086 crore, 3.7% higher than the revised estimates of 2016-17. In 2016-17, there was an increase of Rs 9,631 crore (6.7%) in the government’s expenditure during the year, over the budget estimate.
Education received the highest allocation of Rs 25,251 crore in 2017-18, which is 11% higher than the revised estimates of 2016-17. Other departments that have witnessed an increase in allocation include Rural Works (24%) and Panchayat Raj (21%). On the other hand, the Department of Energy (-30%) and Health (-16%) have witnessed a decrease in allocation.
Total receipts (excluding borrowings) for 2017-18 are estimated to be Rs 1,37,176 crore, an increase of 9.5% over the revised estimates of 2016-17. In 2016-17, total receipts exceeded the budgeted target by Rs 1,163 crore. This is primarily on account of an increase in grants received from the centre to implement the National Food Security Act, and the Mahatma Gandhi National Rural Employment Guarantee Act, among others.
Bihar’s tax revenue is expected to be Rs 32,001 crore in 2017-18. This is an increase of 14.7% (Rs 4,104 crore) over the revised estimates of 2016-17. Sales Tax collection (76% of the total own tax revenue) is expected to be Rs 24,400 crore. This is 74% higher than the revised estimates of 2016-17.
No tax proposals have been made in the budget. Note that the Goods and Services Tax (GST) is expected to be rolled out in 2017-18. It will subsume some taxes such as Sales Tax and Entertainment Tax (unless it is levied by local bodies).
Revenue surplus for the next financial year is targeted at Rs 14,556 crore, or 2.3% of the Gross State Domestic Product (GSDP). Fiscal deficit is targeted at Rs 18,112 crore (2.9% of GSDP). Note that during 2016-17, fiscal deficit is estimated to be Rs 22,512 crore, which is 4.2% of GSDP. This is higher than the 3% limit recommended by the 14th Finance Commission
बिहार बजट 2017-18 वित्त मंत्री का भाषण
बिहार बजट 2017-18 – वार्षिक वित्तीय विवरणी | Annual Financial Statement
बिहार बजट 2017-18 – अनुदानों की माँग | Demand For Grants
बिहार बजट 2017-18 – वित्तीय लेन-देन का सार | Budget Summary
बिहार बजट 2017-18 – राजस्व व्यय (विस्तृत) | Revenue Expenditure (Detail)
बिहार बजट 2017-18 – पूँजीगत व्यय व्यय (विस्तृत) | Capital Expenditure (Detail)
बिहार बजट 2017-18 – माँगवार व्यय विवरणी | Demand-wise Expenditure (Detail)
बिहार बजट 2017-18 की राजस्व एवं पूँजीगत प्राप्तियाँ (विस्तृत) | Revenue & Capital Receipt (Detail)
बिहार बजट 2017-18 बजट पर व्याख्यात्मक ज्ञापन | Explanatory Memorandum

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