Presented By

Finance Minister Samrat Chaudhary.

• • Samrat Choudhary is one of the two new deputy chief ministers of Bihar. 
  • He, along with Vijay Sinha, took over key posts following a political realignment.

Total Estimated budget

• Rs. 2,78,725 crores in 2024-25 (increased by 6.43% from last year)

• Rs. 261885.40 crores in 2023-24
• Rs. 2,37,691 crores in 2022-23

GSDP

• Estimated to be Rs.9.76 Lakh crores for 2024-25.

• Growth Rate — 
  • Bihar – 10.64%
  • Assam –10.2%
  • Delhi – 9.2%
  • India –7.3%

Expenditures

• Total expenditure is Rs. 2,78,725 crores.
• Revenue Expenditure is Rs. 2,25,676 crores (up by 80.97%).
• Capital Expenditure  is Rs. 53048.72 crores( up by 19.03%).
• Total expenditure (excluding debt repayment) in 2024-25 is targeted at Rs 2,56,333 crores. 
• The largest portion of the budget was allocated to the education department by the Bihar government.

Fiscal Deficit

Total Fiscal Deficit is  Rs. 29095.42 crores(5.57% increase from the last year)

•  2.98% of GSDP (limit 3%)
• Primary deficit is estimated to be Rs. 8569.24 crores (0.9% of GSDP)

Receipts 

Total Receipt is Rs. 2,78,925 crores.

• Revenue Receipt is Rs. 226798.40 crores. (6% increase from last year)

• • State own  revenue – Rs. 61625.86 crores.
    • State as tax revenue(from its resources) – Rs.54300 crores
    • State non tax revenue – Rs. 7325.86 crores
  • Grant tax from central government – Rs. 52160.62 crores.
  • The state’s share in central taxes from the central government in the FY 2024-25 is Rs. 1,13,011 crores (40.52%).

• Capital Receipt is Rs.52127.32 crores.
  • Borrowings – Rs,51688.14 crores.
  • Recovery of loan – 439.18 crores.

• In 2024-25, State GST (SGST) is estimated to be the largest source of own tax revenue (58% of own tax revenue). 

• SGST revenue in 2024-25 is estimated to register an annualized increase of 17%. 

• Estimated Revenue Surplus is Rs. 1,121 crores for the FY 2024-25. (0.11% of GSDP).

Debt 

• Outstanding public debt – Rs. 297908.99 crores (30.51% of GSDP)
• Total debt including liability in the public account estimate of Bihar for the financial year 2024-25 will be 35.67% of GSDP (Rs.348370.45 crores).
• According to the 15th Finance commission the debt limit was 40.8%.

Share of Green Budget in Total State Budget (%)

4.96%

• Capital outlay on roads and bridges – Rs 3,819 crores

Annual Scheme outlay 2024-25

• Total budget of the annual scheme outlay for the FY 2024-25 is estimated to be Rs. 100000 crores.
• Scheme outlay for Education dept.- Rs 22200.35 crores
• Scheme outlay for Rural development dept. – Rs. 13840.56 crores
• Scheme outlay for Health – Rs. 7117.56 crores
• Scheme outlay for agriculture – Rs. 2782.00 crores

Important Eight 8 Priorities/areas that are highlighted in the budget 2024-25

1. Youth and Employment

2.Women Empowerment

3. Welfare of various sections

4. Health

5. Education

6. Agriculture and Rural development

7. Environmental Protection and Green Development

8. Industry and Entrepreneurship