The state government on Monday presented a Rs. 2.9 lakh crore Budget for the 2024-2025 financial year with a deficit of Rs. 774.47 crore and proposed no additional tax.

 Presenting the annual financial statement for the next fiscal, Assam Finance Minister Ajanta Neog said, “The state has scaled new heights in consolidation of peace, innovative governance, core infrastructure development, social infrastructure and empowerment, and cultural renaissance.”

 She said that the state government will support the education of 10 lakh girls up to post-graduation level in order to eliminate child marriage from society.

  “The Budget Estimates of 2024-25 show a receipt of Rs. 1,43,605.56 crore under the consolidated fund of the state. After adding the receipt of Rs. 1,44,550.08 crore under Public Account and Rs. 2,000 crore under Contingency Fund, the aggregate Receipts amount to Rs. 2,90,155.65 crore,” she added.

 “As against this, the total expenditure from the Consolidated Fund in 2024-25 is estimated at Rs. 1,43,890.62 crore,” Ms. Neog said.

 She also added that taking into account, the expenditure of Rs. 1,42,670.09 crore under the Public Account and Rs. 2,000 crore under the Contingency Fund, the aggregate expenditure for the year is estimated at Rs. 2,88,560.71 crore.

 Talking about the size of the state economy, Neog said the GSDP is estimated to touch Rs. 6.43 lakh crore during the next financial year as against Rs. 5.7 lakh crore in 2023-24. She added, “The per capita income of the state at current prices for the FY 2022-23 is Rs. 1,20,336, as compared to Rs. 66,330 in 2016-17. This is estimated to reach Rs.1,35,787 in 2023-24.

The Finance Minister praised the development happening in the state, “With the goal of securing Assam’s position among the top five states in the country, the Hon’ble Chief Minister has announced that we will continue our journey of development to ensure every single citizen of Assam has access to government development schemes.”

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