Haryana Budget 2017-18

Haryana Budget 2017-18 in PDF: Haryana Finance Minister Capt Abhimanyu on 6th March 2017 presented Haryana Budget 2017-18. He was reading out his budget speech in the Haryana Assembly. The FM presented his third budget in Haryana’s Golden Jubilee year.

Haryana Budget 2017-18 Highlights:

• The FM proposed a budget of Rs 1,02,329.35 crore, an increase of Rs 9,041.59 (13.18 per cent) over the last budget.
• The proposal comprises 21.88 per cent as capital expenditure of Rs 22,393.51 crore and 78.12 per cent as revenue expenditure of Rs 79,935.84 crore.
• Fiscal deficit has remained within limit of 3 per cent of GSDP
• Total revenue receipts during 2016-17 estimated at Rs 69,327.09 crore
• Of this, tax revenue is estimated at Rs 45,087.63 crore and non-tax receipt at Rs 15,239.46 crore
• Total capital expenditure is estimated to be Rs 19,657 crore                      
• Nine priority areas: Agriculture, rural development, urban development, infrastructure, education, IT governance, health, women empowerment, development of youth and culture.
• No new taxes in Haryana Budget and No change in current VAT rates
• Bio-diesel, solar devices and parts used for installation of solar power projects made tax-free.
• New scheme Deenbandhu Haryana Gram Uday Yojana to develop 1,500 villages having populations between 3,000 and 10,000; to be implemented in three years with an outlay of Rs 5,000 crore; the scheme is funded by Nabard. During the current fiscal Rs 1,200 crore to be spent.
• Budget allocation to agriculture increased by 18.79 per cent, Rs 3,206.01 crore for agriculture and allied activities.
• Irrigation gets Rs 2,724 crore as compared to Rs 2,397.68 crore last year.
• Budget allocation for rural development increased by 56.69 percent.
• Saksham Scheme to provide up to Rs 9,000 earning potential for unemployed youth.
• Rural development gets Rs 4,963.09 crore in 2017-18 against Rs 3,167.55 last year.
• Panchkula becomes the first district where all villages are getting 24-hour electricity.

Haryana Budget 2017-18 in PDF

• Haryana Budget 2017-18 Overview
• Haryana Budget 2017-18 Speech in PDF