Budget 2025 Update: The general budget 2025-26 to be presented by the Modi government will be a boon for the country. All the country’s states have unique expectations from this budget, for which the budget is eagerly awaited. The weight of all the sections living in the states will end shortly to see how much treasury the government releases.
The country’s largest state, Uttar Pradesh, will likely get the most significant gift in such a situation. The people of UP are expecting from the budget. Some people of UP are likely to get some exemption in income tax, and farmers are also expected to get a new gift. A gift of about Rs 3.90 lakh can be given according to the schemes and taxes run by the central government. The Yogi government will be able to finalize it only after UP gets its share of the country’s general budget.
The central budget will be unique for UP.
The central government is going to present its budget. On the other hand, it is expected that the UP government can also present its entire budget in the second week of February. The state government is also busy preparing to present its budget. Now, everyone’s eyes are fixed on how much UP’s share is in the central budget. UP’s budget is also expected to increase according to the state’s share of central taxes and duties from the central government.
How much money is UP expected to get
If some financial experts are to be believed, Uttar Pradesh will likely receive money from the country’s government this time. The budget to be presented on February 1 is expected to include Rs 3.90 lakh crore more for all items.
The share of the amount received in schemes,, including central taxes and duties,s, is likely to be 30 to 35 thousand crore rupees more than last yearUP’s share ofin the amount receiveP in central scheme, nd, centrally aided scheme, es and other ite can also significantly increasems.
How much amount was allocated to UP
In the current financial year, the central government allocated Rs 3.63 lakh crore to Uttar Pradesh in its budget. Due to the elections, the central government presented the whole budget in July, when a significant gift was given to the UP government. Under the head of the state’s share in central taxes and duties, it was decided to allocate Rs 2.23 lakh crore to UP.
The remaining amount was announced to be allocated in the head of centrally aided schemes – 96 thousand crores, Rs 11,500 from central schemes, Rs 14,000 crore in the Vikas Bharat Yojana and Rs 17939 crore as special assistance to UP.