Chief Minister Welcomes The Budget Presented By Finance Minister Shri Kanubhai Desai For The Financial Year 2024-25
Fri, 02 Feb, 2024
Three new schemes launched with a holistic approach to promote nutrition, health, and education: Namo Lakshmi Yojana, Namo Saraswati Yojana, and Namoshree Yojana
For the financial year 2023-24, the historic budget of 3 lakh crores has been increased by 10 per cent, reaching 3 lakh 32 thousand crores, allocated for the public
The world's longest Sabarmati Riverfront, stretching for 38 km will become a prominent landmark for the Tricity of Ahmedabad, Gandhinagar, and Gift City
Gujarat, stands among the top three states with the lowest debt, with a debt amounting to 15 per cent of GSDP over the last decade
Gujarat exemplified outstanding financial discipline
Gandhinagar 02 February 2024: Chief Minister Shri Bhupendra Patel has welcomed Gujarat's budget for the year 2024-25 as aligned with Prime Minister Shri Narendra Modi's vision of "Viksit Bharat@2047" through sustainable development. Welcoming the state budget presented by Finance Minister Kanubhai Desai in the Legislative Assembly, the Chief Minister emphasized its focus on societal development, including the upliftment of the underprivileged, youth, farmers, and women. The CM further mentioned that an unprecedented development budget of Rs 3 lakh crore was allocated last year. Once again, by augmenting it by 10 per cent this year, we present the people with a budget containing provisions totalling 3 lakh 32 thousand crores.
Chief Minister Shri Bhupendra Patel praised Gujarat for exemplifying prudent financial management, highlighting the state's historically low public debt. The accounts for the fiscal year 2022-23 have been finalized, showing that Gujarat's total debt stands at 15.17 per cent of GSDP. This marks the lowest debt level in the past decade, positioning Gujarat among the top three states in the country with the lowest debt burden.
Despite being permitted to increase debt up to 27 per cent of GSDP under Gujarat's Fiscal Responsibility and Budget Management Act, the state government has maintained its debt at only 15.17 per cent. In contrast to 21 states where the debt-to-GSDP ratio exceeds 27 per cent, Gujarat's commitment to fiscal discipline sets a commendable precedent.
Gujarat is steering towards the vision of becoming 5-G Gujarat, clarifying its concept, the Chief Minister said that 5-G signifies:
Elevating Gujarat above other regions (Garvu Gujarat)
Ensuring the quality of life in Gujarat through a value-oriented civic environment, environmental balance, and the preservation of cultural heritage (Gunvantu Gujarat)
Prioritizing a Green Gujarat by emphasizing renewable energy and a circular economy (Green Gujarat)
Cultivating a Global Gujarat that is economically and culturally connected to the entire world (Global Gujarat)
Nurturing a Vibrant Gujarat with a higher growth rate than other regions, maintaining economic leadership even in evolving global conditions (Gatishil Gujarat)
The CM said that, IN 5-G Gujarat "Suposhit Gujarat Mission" has been introduced to prioritize the health of mothers and children, ensuring a healthy and future generation. The role of girls is pivotal in achieving a "Swasth, Samruddha ane Viksit Gujarat@2047". (Healthy, prosperous and developed) Embracing a holistic approach, we aim to promote nutrition, health, and education for all daughters. To this end, three new schemes, namely "Namo Lakshmi Yojana," "Namo Saraswati Yojana," and "Namo shree Yojana," have been announced, as stated by the Chief Minister. Prime Minister Shri Narendra Modi's dedication to a Swachh Bharat is evident through the nationwide cleanliness movement, resonating with the message of cleanliness from every household. Doubling this year's budget for the "Nirmal Gujarat 2.0 campaign" and allocating Rs 2500 crore to enhance it in Gujarat reflects this commitment, the CM further emphasized.
The Chief Minister announced that seven municipalities—Navsari, Gandhidham, Morbi, Vapi, Anand, Mehsana, and Surendranagar/Vadhwan—will be established as Municipal Corporation to facilitate the planned development of cities. Aligning with the Prime Minister's vision, CM Shri Bhupendra Patel provided details about extending the riverfront project, which has given Ahmedabad a global identity, to Gandhinagar and Gift City. The CM further said that this extended riverfront will become a new landmark, enhancing the unique development identity of Ahmedabad, Gandhinagar, and Gift City as a Tricity.
The CM mentioned that the 38-km Sabarmati riverfront will be the world's longest and most vibrant riverfront. The CM congratulated the Finance Minister and his team for presenting a budget focused on revenue, guiding the development of "Viksit Gujarat at 2047," emphasizing holistic and inclusive progress, and positioning "Viksit Gujarat" at the forefront of shaping "Viksit Bharat".