Yogi govt's UP budget keeps fiscal deficit below 3%: Highlights

Uttar Pradesh's Budget size expands 11% to over Rs 3,84,000 crore

The much-awaited first Budget of the Yogi Adityanath government in Uttar Pradesh(UP) has managed to keep the fiscal deficit below 3 per cent of the state gross domestic product, even as the size grew 11 per cent to Rs 3,84,659 core.

In the backdrop of a loan waiver scheme amounting to Rs 36,000 crore, coupled with massive outgo towards additional expenses of Pay Commission implementation, the Budget was keenly anticipated.

Yogi said the Budget, tabled by state Finance Minister Rajesh Agarwal, was aimed at spurring the state to a new era and a new direction to socio-economic progress.

“We are