The Gujarat government, according to sources, is expected to raise Rs 17,630 crore through of state Public Sector Undertakings (PSUs).
Independent legislative research institute PRS Legislative Research has said the significant increase of thebudgetoutlay for 2023-24 means the State Government intend to divest stake in government-run companies.
PRS Legislative Research agency, quoting figures provided by the state government during thebudget speechlast week, said that the 23% increase in budget outlay is primarily because of the government expects to raise Rs 17,630 crore from divesting itself of its holdings in SPSUs.
Over the past few years, the state governments budget outlay has been increasing by between 4% and 5% from the previous year. This years budget outlay shot up by 23%.
According to the latest CAG report, there were 91 SPSUs in the state of which 18 are inactive. Of the 91 SPSUs, four SPSUs are listed on stock exchange(s).