Rajasthan Chief Minister Ashok Gehlot, who also holds the finance portfolio, will present a paperless budget on Wednesday in the state Assembly. The members will be provided with a tab that will contain all the budget documents.
The state budget will lay emphasis on the strengthening and restructuring of the medical sector and Gehlot is expected to announce 15,000 new jobs.
Increasing revenue has become a problematic issue for all states due to the economic downturn amid the COVID-19 pandemic, the CM will seek new avenues to raise the government’s income. In 2020-2021, the state budget was worth Rs 2.25 lakh crore and despite the pandemic, the budget for 2021-22 is expected to be Rs 15,000 crore more than the previous financial year.
Rajasthan that used to get significant revenue from the crude oil production in the Thar desert has witnessed a decline in the revenue received as royalty.
The crude production has declined and with this, the royalty from the crude oil which was Rs 3,320 crores in 2019-2020 has come down to Rs 1,422.46 crores in 2020-21. Notably, the crude output has fallen from 47.88 million barrels to 35.50 million barrels. In 2013-14 with a production of 65.61 million barrels, the state received a royalty of Rs 5,953.11 crores and this royalty has been consistently falling.
Boost for real estate
The state government in a bid to reviving the real estate may reduce the district level committee’s (DLC) price which is the government’s price for land in an area. It is expected that the DLC price would be reduced by 10 per cent.
The state government may announce better transport facilities in the rural areas and revive the rural transport service that was shut down during the BJP regime as it was a loss-making proposition.
Jaipur Metro may get budgetary sanction for the second phase of the metro, though the existing metro is incurring heavy losses to the tune of Rs 500 crores a year with poor passenger’s load.
After the universalisation of primary school education, the state government may provide budgetary support to open 25,000 new schools. It may announce the opening of an English medium school in each subdivision.
Similarly, more women colleges are likely to be sanctioned in the backward areas and it would provide more budget for opening new faculties in government colleges and new faculty appointments.
The state government which has a proven record for combating the COVID-19 crisis may announce a laboratory in each district for COVID testing. It is also expected to grant a higher budget for infrastructure development in the medical sector.
Similarly, the medical staff will also be strengthened with additional nursing and paramedical staff sanctions.
Under the urban development plan, the state government may provide financial grants to all such local bodies that have low revenue and for this a corpus for infrastructure development in the local bodies will be announced.
With a view to better housing in the urban areas, the Rajasthan Housing Board will be given budgetary support for building more urban dwelling units.
The Congress government in Rajasthan has opposed the farm laws passed by the parliament. The Congress government has supported the farmer agitation and this would be reflected in the state budget. The CM is likely to announce loan waivers for the farmers.
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