The started preparations for the 2023-24 budget with Finance minister Niranjan Pujari presiding over a consultation meeting. As the state economy is on a path of recovery after the Covid pandemic, the size of the budget is likely to be 10 per cent more than the previous year. The government had presented a budget of `2 lakh crore for 2022-23. The budget is likely to be the last before the 2024 Elections and a major portion of the funds will be allocated for a large number of welfare measures announced by the state government.
Official sources maintained with the state maintaining a robust Growth rate of over 6.5 per cent and tax collection remaining satisfactory, the size of the budget will be definitely more than the previous year. The state government has already started the official preparation of a budget and a decision will be taken in this regard.
As the state budget will be placed after the central budget, things will be much clear on it in the first week of February. The state government will no longer have to anticipate the size of the central share and other assistance, he said, adding it will be much easier to prepare the budget.
Govt had presented budget of `2lakh crore in 2022-23
The 2023-24 budget will be the last before next elections
Former finance ministers Stress income from tourism
Major portion of funds to be allocated for govts welfare schemes