Punjab Finance Minister Harpal Singh Cheema on Tuesday presented the Aam Aadmi Party (AAP) government’s budget proposal for the year 2024-25 with a total outlay of ₹2,04,918 crore, focusing on education, health and agriculture.
The budget proposal was presented in the State Assembly here during the ongoing session. “I propose a total Budget expenditure of ₹2,04,918 crore for FY 2024-25. The effective revenue deficit and fiscal deficit are expected to be 2.77% and 3.80%, respectively and have improved from the previous figure of 3.13% and 4.12%, respectively,” said Mr. Cheema. He added Punjab is growing at a rate of 9.41% in the current year and the Gross State Domestic Product (GSDP) stands at ₹7,36,423 crore. The GSDP is estimated to grow at 9% to Rs 8,02,701 crore in FY 2024-25.
