Gujarat Budget Analysis 2019-20
The government announces Rs 1,000 crore for new Solar Rooftop Scheme, beneficiaries will be given 40 per cent subsidy up to 3KW and subsidy of 20 per cent for a system of 3-10KW
Gujarat has increased its renewable energy capacity from 4,126MW in 2013 to 8,885MW presently. The state plans to increase the capacity to 30,000MW by 2022. Of this, 20,000MW will be for Gujarat while 10,000MW will be made available for other states
- The Gross State Domestic Product of Gujarat for 2018-19 (at current prices) is estimated to be Rs 14,96,013 This is 13.3% higher than the revised estimate for 2017-18. Note that the GSDP in 2017-18 is expected to be 3.5% higher than what was estimated at the budget stage.
- Total expenditure for 2018-19 is estimated to be Rs 1,81,945 crore, an 8.6% increase over the revised estimate of 2017-18. In 2017-18, the revised estimates indicate that the expenditure is expected to be Rs 3,221 crore lower than the budget estimate.
- Total receipts (excluding borrowings) for 2018-19 are estimated to be Rs 1,40,927 crore, an increase of 6.8% as compared to the revised estimates of 2017-18. In 2017-18, total receipts (excluding borrowings) exceeded the budgeted estimate by Rs 145 crore.
- Revenue surplus for the next financial year is targeted at Rs 5,998 crore, or 0.4% of the Gross State Domestic Product (GDP). Fiscal deficit is targeted at Rs 25,584 crore (1.7% of GSDP).
- Department of Social Justice and Empowerment is expected to witness a 20% increase in allocation. It is followed by the departments of Health and Family Welfare (11.8%), Urban Development and Urban Housing (10.3%), and Tribal Development (8.2%).
- Under the new Mukhyamantri Gramoday Yojana, Government will provide interest subvention upto 6% to train 50,000 skilled and semi-skilled workers in rural areas. An additional 2% interest subvention will be provided to women, Scheduled Castes, Scheduled Tribes and persons with disabilities.
- A provision of Rs 1,765 crore has been made to strengthen irrigation facility in 3,73,000 acres of area of 57 reservoirs in Saurashtra region. Rs 3,311 crore will be spent on water supply projects. Under Sardar Sarovar Yojana, Rs 4,018 crore will be spent on constructing canals.
- Under Swarnajayanti Mukhyamantri Shaheri Vikas Yojana, Rs 4,540 crore will be spent for providing civic infrastructure in urban areas.
- Excise duty will be hiked from Rs 100/litre to Rs 300/litre on foreign liquor (spirit and wine) being imported in the state. Special fee will be levied on spirit, wine and beer being imported from abroad.