Rs 4.79-trillion UP Annual Budget tabled; 600 cr allotted for cow shelters

Budget size swells 12% yet fiscal deficit below mandated 3% of GSDP

Yogi Adityanath government Thursday tabled Uttar Pradesh (UP) Annual Budget 2019-20 of more than Rs 4.79 trillion, which is almost 12 per cent higher than current year’s Budget of nearly Rs 4.28 trillion.

The state, however, followed the fiscal discipline path and tamed fiscal deficit at Rs 46,910 crore or 2.97 per cent, which is within the mandated three per cent of the gross state domestic product (GSDP) under the Fiscal Responsibility and Budget Management (FRBM) Act.

The government has estimated revenue receipt of Rs 77,640 crore from state goods & services tax (SGST) and value added tax (VAT). The