Haryana government on Friday presented a tax-free State budget for the 2024-25 financial year with an outlay of ₹1,89,876.61 crore, an increase of 11.37% in comparison to the previous year, with a focus on agriculture and farmers.
Chief Minister Manohar Lal, who also holds the portfolio of Finance, presenting the budget during the ongoing Assembly session, announced to waive-off interest and penalty on the crop loan and said that no new taxes are proposed in this year’s budget.
The budget outlay comprises ₹1,34,456.36 crore as revenue expenditure and ₹55,420.25 crore as capital expenditure, which is 70.81% and 29.19% of the total budget respectively. The Public Sector Enterprises will also spend an amount on creating capital infrastructure amounting to ₹8,119.24 crore in 2024-25. Therefore, in total, the capital expenditure for the year 2024-25 would be ₹63,539.49 crore, according to the budget proposal.
