RANCHI: The Jharkhand government on Wednesday tabled the annual budget of Rs 91,277 crore for the FY 2021-22 with a spotlight on the education and health sectors.

Jharkhand Finance Minister Rameshwar Oraon presented the budget in the state assembly on Wednesday amid a parallel budget tabled by the main opposition party, BJP. Of Rs 91,277 crore a sum of Rs 75,755.01 crore has been set for revenue expenditure while a sum of Rs 15,521.99 crore has been set for institutional expenditure.

The budgetary allocations have been done in three sectors- First, the general sector has been allocated a sum of Rs 26,734.05 crore, second the social sector 33,625.72 crore and the third, the economic sector Rs 30,917.23 crore. The fiscal deficit for 2021-22 has been pegged at Rs 10,210.87 crore which is 2.83 percent of the GSDP.

The finance minister said that in the year 2019-20 the growth rate of Jharkhand was 6.7 per cent. However due to covid pandemic, apart from the country the growth rate in Jharkhand has also been impacted. He said that in 2020-21 the GDP of the country is expected to fall by 7.5 percent while that of Jharkhand is expected to decline by 6.9 percent.

Oraon said due to the efforts of the state government development has once again come on track. "Due to far-sighted policies in the year 2021-22 the growth rate has been projected at 9.5 percent ".

The state government is likely to generate Rs 23,265.42 from its own taxes, non-tax receipts have been pegged at Rs 13,500 crore. From central assistance, a sum of Rs 17,891.48 crore while from the share in central taxes a sum of Rs 22,050.10 crore, from public borrowings Rs 14,500 crore and from advance taxes a sum of Rs 70 crore is expected.

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