Madhya Pradesh Deputy Chief Minister and Finance Minister Jagdish Devda presented the full budget for the financial year 2024–25.
The budget has been presented with an outlay of ₹3,65,067 cores. The budget has increased by 16% as compared to FY23–24.
The per capita income of the state has increased to ₹1.42 lakh in 2022–23 from ₹13,465 in 2003–2004.
The state government is aiming to double the annual budget in five years.
The government aims to increase capital investment in roads, irrigation, electricity, and quality health facilities.
The government allocation for women and child development has increased from 81% to ₹26,560 crore. ₹18,984 has been allocated for the Ladli Behna Scheme.
The health sector received an allocation of ₹21,444 crore, which is 34% more than last year’s budget allocation.
In 2024–25, three more government medical colleges will be operated in Mandsaur, Neemuch and Seoni.
Capital expenditure is expected to increase by 15% as compared to last year.
The fiscal deficit for FY24–25 is estimated to be 4.11% of the gross state domestic product.
₹53,460 crore has been allocated for infrastructural development in the state, and ₹44,588 crore has been given for rural and urban development.
₹27,900 crore have been allocated to the Scheduled Caste sub-scheme.
The allocation to the education sector registered a rise from ₹38,375 crore in FY23-24 to ₹52,682 crore. ₹2,737 crore has been allocated to construct new buildings for 150 CM Rise Schools.
