Bihar State Budget 2022-2023 : Important points of Bihar Budget

Bihar Budget 2022-23 PDF BPSC

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⇒ Bihar Budget 2022-23 Download PDF

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बिहार बजट 2022-23 PDF | Bihar Budget 2022-2023 PDF in Hindi

उम्मीदवार नीचे दिए गए लिंक पर क्लिक करके बिहार बजट 2022-23 डाउनलोड कर सकते हैं। निम्नलिखित बजट आपको बिहार का वित्तीय घाटा 2021-22, बिहार का जीएसडीपी 2021-22 देगा जो बीपीएससी और अन्य प्रतियोगी परीक्षाओं में अत्यधिक उपयोगी है। आपकी सुविधा के लिए हमने आपको बिहार बजट हिंदी में उपलब्ध कराया है। आप नीचे दिए गए पीडीएफ डाउनलोड करें और इसे अपने डिवाइस में सेव करें ताकि जरूरत पड़ने पर आप इसका अच्छा उपयोग कर सकें।

⇒ Bihar Budget 2022 Official PDF Link

Bihar State Budget 2022

The Finance Minister of Bihar Mr. Tarakishore Prasad presented the Budget for Bihar for the financial year 2022-23. The 2022-23 budget amount is Rs 2,37,691.19 crore (more than Rs. 19,388.19 crores of FY 2021-22) which makes it the biggest budget in the history of Bihar.

Key Points of Bihar Budget 2022-2023

The Bihar Budget 2022-23 is based on six pillars: health, education, investment in industry, agriculture, and allied sectors, infrastructure (rural and urban), and social welfare.

The following are the key budget facts for 2022-23:

• Total Expenditure – Rs 2,37,691,19 crore
  • Revenue Expenditure – Rs 1,91,9566.7 crore
  • Capital Expenditure – Rs 45,734.52 crore
• Total receipts – Rs 2,37,891.94 crore
• Fiscal Deficit – Rs 25,885.10 crore (3.47 percent of GSDP)
• The fiscal deficit estimate in the budget is within the FRBM Act’s prescribed limit (for 2022-33 4.0 percent).
• The state’s economic growth rate for 2022-23 is projected to be 9.7 percent.

Bihar Budget Analysis 2022-23

Parameters of Bihar Budget	Details
Gross State Domestic Product (GSDP)	Bihar’s Gross State Domestic Product (GSDP) is expected to be Rs 7,45,310 crore in 2022-23 (at current prices). This represents a 9.7% increase over the revised GSDP estimate for 2021-22. (Rs 6,79,473 crore). GSDP is expected to grow 9.8% over the previous year in 2021-22. (at current prices).
Expenditure (excluding debt repayment)	Expenditure (excluding debt repayment) in 2022-23 is expected to be Rs 2,23,021 crore, a 9% decrease from the revised estimates for 2021-22. (Rs 2,46,379 crore). The state will repay a debt of Rs 14,670 crore in 2022-23. In 2021-22, spending (excluding debt repayment) is expected to be 18% higher than budgeted.
Receipts (excluding borrowings)	Receipts (excluding borrowings) are expected to be Rs 1,97,136 crore in 2022-23, representing a 16% increase over revised estimates for 2021-22 (Rs 1,69,541 crore). In 2021-22, receipts (excluding borrowings) are expected to fall Rs 17,156 crore short of the budget estimate (a 9% decrease).
Fiscal deficit	The fiscal deficit is expected to be Rs 25,885 crore (3.47% of GSDP) in 2022-23. According to revised estimates, the fiscal deficit in 2021-22 will be 11.31% of GSDP, significantly higher than the budget estimate of 2.97% of GSDP.
Revenue surplus	The revenue surplus for 2022-23 is expected to be Rs 4,748 crore, or 0.64% of GSDP. The state is expected to have a revenue deficit of 5.48% of GSDP in 2021-22, compared to a revenue surplus of 1.21% of GSDP estimated at the budget stage.

Highlights of the Bihar Budget

The major highlights of Bihar Budget 2022 are as follows:

Gross State Domestic Product:

• The fiscal deficit for FY23 is estimated at Rs 25,885.10 crore.
• It is 3.47 % of the estimated Gross State Domestic Product (GSDP).
• There is a modest increase of Rs. 4747.84 crore or 0.64 % over FY22 Budget size

Expenditure:

• Rs 1,91,956.67 crore as revenue expenditure while Rs 45,734.52 crore is capital account.

Total receipts:

• The total receipts are estimated at Rs 2,37,891.94 lakh crore, which includes 
• Rs 1,96,704.51 crore by way of revenue receipts and 
• Rs 91,180.60 would be the state’s share in central taxes
• Rs 41,187.43 crore by way of capital receipts.
• Rs 41,387.00 crores for the government’s own tax revenue.

Revenue Savings:

• It is estimated to be Rs. 69353.37 crore.

Sector-wise expenditure

Bihar Budget 2022-23 (Amount in Rs. Crore)

Sector	Budget Provision
Health	16,134.39
Education	39,191.87
Industry and investment in industry	1,643.74
Agriculture and Allied Sectors	7,712.30
Infrastructure (Rural & Urban)	29,749.64
Welfare	12,375.07
Road Sector	16,430.99

Agriculture and allied activities:

• Agriculture and Allied Activities (in 2022-23): Total of Rs. 3584.31 crores have been allocated for agricultural development. Rs. 600 crore has been proposed to implement Har Khet tak Sinchayi ka pani across the state.
• Rs. 11475.97 crores are proposed for the Energy Department.
• Rs. 4310.57 crores have been allocated for the Water Resources Department.
• Rs. 1589.69 crores have been allocated for Animal and Fisheries resources.
• Rs. 1286.31 crores for Cooperative Department.

Medical and Health Infrastructure:

• Rs. 2380.38 crores have been allocated for Public Health Services.
• Rs. 7035.56 crores for health schemes.

Education:

• Rs. 39191.87 crores have been allocated for the establishment of the Skill Development and Entrepreneurship Department along with Medical and Engineering Universities in Bihar.
• The Centre of Excellence will be established in all ITIs.

Environment Sector:

• Total budget allocation- Rs. 662.84 crore.

Manufacturing/ Industrial Sector:

• The total budget allocation will be Rs. 1643.74 which is more than Rs. 358.57 crore last year.

Rural and Urban Development:

• Total budget allocation- Rs. 23632.41 crore.  

Health and Family Welfare:

• The government has allocated Rs. 7035.56 crore for Public Health Services.

Social Security and Welfare:

• For the betterment of Old and Elderly people in the state, Rs. 68.66 crore has been allocated for the Social Welfare department.
• Total Budget allocation for Social Welfare department- Rs. 8201.12 crore.
• Total Budget allocation for BC and EBC welfare department- Rs. 1873.86 crore.
• Total Budget allocation for SC and ST welfare department- Rs. 1729.60 crore.
• Total Budget allocation for minority welfare department- Rs.570.49 crore

Labour:

• Rs. 947.30 crores have been allocated under the Nishchay-2 scheme.

Culture:

• The total budget allocation will be Rs. 1643.74 crore for Art, Culture and Youth Department.

Panchayati Raj:

• Rs.9801.41 crores have been allocated for the Panchayati Raj department.

New Scheme / Policy in Budget 2022-2023

• Saat Nishchay Scheme- Under this scheme, the state government will emphasize upon social welfare, public health, women security, employment generation etc. The major achievements should be-
• आर्थिक हल, युवाओ को बल
• आरक्षित रोजगार, महिलाओं का अधिकार
• हर घर नल का जल
• घर तक पक्की गलियाँ, नालियाँ
• सौचालय निर्माण- घर का सम्मान
• अवसर बढें, आगे बढें
• Nishchay- 2 Scheme under Good Governance in Bihar- The budget allocation for FY 2022-23 should be Rs.5000 crore. The major aim should be
• युवा शक्ति, बिहार की प्रगति
• सशक्त महिला, सक्षम महिला
• हर खेत तक सिंचाई का पानी
• स्वच्छ गाँव- समृद्ध गाँव
• स्वच्छ शहर- विकसित शहर
• सुलभ संपर्कता
• सबके लिए अतिरिक्त स्वास्थ्य सुविधा 

Constitutional Provision of Budget for State

• As per Article 202 of the Constitution of India, the Governor of a State shall cause to be laid before the House or Houses of the Legislature of the State a statement of the estimated receipts and expenditure of the State for a financial year. 
• This estimated statement of receipt and expenditure for a financial year named in the Constitution as the “Annual Financial Statement” is usually referred to as “Budget”.

Bihar Budget 2022-23 – Key figures (in Rs crore)

Items	2020-21 Actuals	2021-22 BE	2021-22 RE	% change from BE 21-22 to RE 21-22	2022-23 BE	% change from RE 21-22 to BE 22-23
Total Expenditure	1,65,696	2,18,303	2,55,474	17%	2,37,691	-7%
(-) Repayment of debt	6,880	9,094	9,094	0%	14,670	61%
Net Expenditure (E)	1,58,816	2,09,208	2,46,379	18%	2,23,021	-9%
Total Receipts	1,64,904	2,18,503	2,13,461	-2%	2,37,892	11%
(-) Borrowings	35,915	31,805	43,920	38%	40,756	-7%
Net Receipts (R)	1,28,989	1,86,698	1,69,541	-9%	1,97,136	16%
Fiscal Deficit (E-R)	29,827	22,511	76,838	241%	25,885	-66%
as % of GSDP	4.82%	2.97%	11.31%	3.47%
Revenue Balance*	-11,325	9,196	-37,207	-505%	4,748	-113%
as % of GSDP	-1.83%	1.21%	-5.48%	0.64%
Primary Deficit	17,343	7,994	62,321	680%	9,580	-85%
as % of GSDP	2.80%	1.06%	9.17%	1.29%

Note:

BE is Budget Estimates, RE is Revised Estimates. *Positive sign indicates a surplus. The negative sign indicates a deficit.
Sources: Bihar Budget Documents 2022-23; Bihar Economic Survey 2021-22; PRS.

Key Terms Used in Budget:

Revenue includes:

• Revenue Receipt
• Revenue Expenditure

What is Revenue Receipt?

• The receipts received can’t be recovered by the government are called the revenue receipts.
• It comprises income amassed by the Govt. through taxes and non-tax sources like dividends on investments and interest.

What is Revenue Expenditure?

• These are the expenditure incurred by the State Government for purposes other than for the creation of physical or financial assets.
• It includes those expenditures incurred for the usual functioning of the government departments, grants given to state government includes borrowings from the Reserve Bank of India and commercial banks and other financial institutions.
• It also consists of loans received from foreign governments and world organizations and repayment of loans granted by the Union government.

Capital includes:

• Capital Receipt 
• Capital Expenditure

Capital Receipts: Capital receipt are the receipts that generate liability or decrease the financial assets of the government. They also refer to incoming cash flows.

Capital Expenditure

• Capital Expenditure is the spending incurred by the government which results in the formation of physical or financial possessions of the Union government or a decrease in financial liabilities of the Union Government.
• It will contain expenditure on procuring land, equipment, infrastructure, expenditure in shares.
• It also includes mortgages by the Union government to Public Sector Undertakings, state and union territories government and interest payments on the debt of the Union Government, etc.

Type of Taxes

Taxes are categorised in two types, direct and indirect teaxes. 

Direct Tax: These are the taxes that are imposed directly on individuals and companies. It comprises

• Income tax 
• Corporation tax

Indirect Tax: These are the axes that are imposed on goods and services. It comprises taxes like 

• Service tax
• Excise taxes
• Customs duties

Fiscal Policy: Fiscal policy is the means by which a government adjusts its expenditure levels and tax rates to watch and influence a country’s economy.

Revenue Deficit: It is the extra expenditure of the government over revenue receipts.

Fiscal Deficit: It is the difference between the total expenditure of the government and its total receipts, which is not including the borrowing.

Primary Deficit: Primary deficit refers to the difference between the present year’s fiscal deficit and interest payment on previous borrowings.

Non-Tax Revenue: These are the government revenue not generated from taxes.

Gross Domestic Product (GDP):

• It is the price value of all finished goods and services made within a country during a specific period. 
• It provides a snapshot of a country, used to estimate the size of an economy and growth rate. 

Important Budget Related Questions

Q. What is the size of Bihar Budget 2022-23 is?

Ans. The sie of Bihar Budget 2022-23 is Rs 2,37,691.19 crores

Q. What is the budget allocation for national animal management is?

Ans. 200 crores.

3. What is the budget allocation for Tourism Development Scheme?

Ans. Rs. 133.50 crores.

    4. The budget allocation for Chief Minister Village Transport Scheme is?

Ans. Rs. 105.00 crores.