With reference to Budget of Uttar Pradesh for the Financial Year 2020-21, which of the following statement(s) is/are true 1. The size of the budget was Rs. 5,12,860.72 crores. 2. Certain new schemes were also included in this budget amounting to Rs. 10,967.87 crores. Select the correct answer from the code given below.?

Neither 1 nor 2
Both 1 and 2
Only 2
Only 1

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 2 : Both 1 and 2

The correct answer is Both 1 and 2.

Uttar Pradesh Budget 2020-21

The Finance Minister, Mr. Suresh Kumar Khanna, presented the Budget for Uttar Pradesh for the financial year 2020-21 on February 18, 2020.
The Gross State Domestic Product (GSDP) of Uttar Pradesh for 2020-21 (at current prices) is estimated to be Rs 17,91,263 crore. This is based on the estimate that the state’s economy will grow at a rate of 6% from the year 2019-20.
Expenditure for 2020-21 is estimated to be Rs 5,12,861 crore, a 13.5% increase over the 2019-20 revised estimate.
Total receipts (excluding borrowings) for 2020-21 are estimated to be Rs 4,24,768 crore, an increase of 13% as compared to the revised estimate for 2019-20.
The fiscal deficit for the year 2020-21 is targeted at Rs 53,195 crore (2.97% of GSDP).
Sectors such as Housing and Urban Development (26%), Police (19%), and Health and Family Welfare (16%) saw the highest increase in allocations. Allocation to the Energy sector (15%) saw the highest decrease.
Total expenditure in 2020-21 is targeted at Rs 5,12,861 crore, which is 13.5% higher than the revised estimate for 2019-20. Hence, statement 1 is correct.
Certain new schemes were also included in this budget amounting to Rs. 10,967.87 crores. Hence, statement 2 is correct.

5 views Answered 2022-09-04 04:29

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