While giving quick reaction on the Haryana Budget 2024- 25 of the size of Rs 189876.61 crore with no new taxes , Former Chairperson Dept. of Economics Kurukshetra University Prof Madan Mohan Goel believes that the provisions made were necessary but not sufficient for becoming the better than the best budget. There is always a scope to improve the fundamental of the budgetary system in the federal economy.

Gifting defaulters is good politics but bad economics of the chief minister Manohar Lal as Finance Minister of Haryana, said Prof Goel.

To be pro-poor with doles budget is practically anti poor to keep them dependent on public exchequer and deserve interest free loan more than subsides to stand up by availing the developmental schemes, believes Needonomist Goel.

The state budget size of Rs 189876.61 crore 2024-25 crore (an increase of 11.7 per cent of RE of Rs 1,70,490.84 in 2023-24). The revised estimates are actually decline from the budget 2023-24 for Rs includes revenue expenditure of Rs 1,34,456.36 crore (70.81%) and the capital expenditure of Rs 55,420.25 crore (29.19%) is in tune with the objective of inclusive growth with its challenges including converting careless into careful and useless into useful human resources required for the economy of Haryana, explained Prof Goel.

Self-employment opportunities for youth are welcome but have to be supported by the marketing network within and outside India, told Dr MM Goel.

The increased non tax revenue is appreciable and justify linking user charges of public utilities with the prevailing inflation rate as the state government has to pay additional dearness allowance to its employees, said Prof. Goel.

Needonomist Goel conceptualized MSP- minimum needs; support needs and protect needs within needonomics- needo-insurance for needo-happiness, needo-employment, and needo-education of the people of the State in right perspective towards Viksit Bharat.

The CM as FM deserves appreciation towards Gig workers with credit guarntee who certainly deserve a concrete plan of action more than lip service justified not only on social and moral grounds but economic considerations, said Prof Goel.

He added that needo-nurture work culture in Viksit Haryana certainly calls for measures for workers in the informal sector including gig workers who work 07 days a week.

There is a strong case for controlling population, inflation, crimes, discontent, deprivations and discriminations with inbuilt inequalities of all kinds in the otherwise claimed best performing state in good governance, said Prof Goel.

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