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Uttarakhand Government Debt to Equal Budget by Next Year, Requires Central Assistance

🔹The debt of the Uttarakhand government will be equivalent to its budget by next year due to an increase in debt in the state budget presented for the fiscal year 2023.

🔹 The state government’s debt has increased from INR 57,636 crore in the fiscal year 2021-22 to INR 74,290 crore in the fiscal year 2022-23, which is an increase of around 29%.

🔹 The Uttarakhand government has allocated INR 54,700 crore for the fiscal year 2022-23, which is 11% higher than the previous fiscal year’s budget.

🔹 The budget for the fiscal year 2022-23 focuses on several sectors, including health, education, agriculture, tourism, and infrastructure development.

🔹 The government has allocated INR 1,032 crore for the health sector, INR 1,365 crore for the education sector, INR 802 crore for the agriculture sector, INR 1,080 crore for the tourism sector, and INR 4,775 crore for infrastructure development.

🔹 The budget also includes the development of new tourist circuits and the promotion of adventure tourism in the state.

🔹 The budget aims to create employment opportunities in the state and promote economic growth.

The Uttarakhand government’s debt is expected to be equivalent to its budget by next year due to an increase in debt in the state budget for the fiscal year 2023. The budget focuses on several sectors, including health, education, agriculture, tourism, and infrastructure development, with a particular emphasis on creating employment opportunities and promoting economic growth.

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