Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Saturday presented a tax-free budget with an outlay of ₹58,444 crore for the year 2024-25 with a focus on strengthening the rural economy.
Mr. Singh, who holds the portfolio of finance as well, presented the State budget during the ongoing Budget session of the State Assembly in Shimla, where he announced that 4% Dearness Allowance installment for employees would be released from April 1, 2024, for which ₹580 crore will be spent annually.
“Revenue receipts in the year 2024-25 are estimated at ₹42,153 crore and total revenue expenditure is estimated at ₹46,667 crore. Thus, the total revenue loss is estimated at ₹4,514 crore. The fiscal deficit is estimated at ₹10,784 crore, which is 4.75% of the State’s gross domestic product,” said the Chief Minister.
