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UP CM Akhilesh Yadav presents budget for 2014-15

PTI 20 Jun 2014, 13:27:14 PM IST
Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav today presented a budget of Rs 2,74,705 crore for FY 2014-15, with a deficit estimated at Rs 4,132 crore.  

The annual budget estimates receipts at Rs 2,70,573 crore, but after adjustment of Rs 4,570 crore from public account, a saving of Rs 438 crore has been projected.  

By adding the opening balance of the last fiscal of Rs 4,590 crore to Rs 438 crore, this amount is pegged at Rs 5,028 crore.

No new tax has been proposed in the annual document by the Chief Minister.

No provision has been made for the ambitious free laptop, kanya vidyadhan and unemployment allowance promised by the ruling Samajwadi Party in its election manifesto during assembly elections in 2012.

The budget tabled in the assembly showed a 24 per cent increase from the last year's size of Rs 2,21,201.19 crore.