UP govt tables annual budget of Rs 5.12 trn, fiscal deficit a tad under 3%

Adityanath's 4th Budget is 7% higher than that of the current year, whose size is Rs 4.79 trillion

The Uttar Pradesh government today tabled its Annual Budget for 2020-21, with a size beyond Rs 5.12 trillion. This is almost 7 per cent higher than the current year’s Annual Budget 2019-20 of about Rs 4.79 trillion.

In his fourth consecutive Budget, the Yogi Adityanath government sought to pursue the path of fiscal discipline, and tamed fiscal deficit at 2.97 per cent, akin to the current financial year, at Rs 53,195 crore – which is within the mandated three per cent of the Gross State Domestic Product (GSDP) under the Fiscal Responsibility and Budget Management (FRBM) Act.

At the same time, the