Question

What is the percentage increase of annual budget estimates of Uttar Pradesh for the year 2016-17 as compared to the original budget estimates of Uttar Pradesh for the year 2015-16?
1. 20.12%
2. 18.60%
3. 14.16%
4. 12.10%

Answer 1

Correct Answer - Option 3 : 14.16%

The correct answer is 14.6%.

• The percentage increase of annual budget estimates of Uttar Pradesh for the year 2016-17 as compared to the original budget estimates of Uttar Pradesh for the year 2015-16 is 14.16%.

• Within the incremental amount, Rs.13, 842 crores has been earmarked for new schemes focusing on agriculture, health and education.
• The budget estimates receipts of over Rs. 3,40,120 crore including Rs. 2,81,555 crore and Rs 58, 565 under revenue and capital heads respectively.
• Expenditure has been estimated at Rs. 3, 46, 935 crores.
• In absolute terms, the fiscal deficit is expected to be 4.04% of the gross state domestic product (GSDP).
• The fiscal deficit includes bonds worth Rs 13, 303 crores issued under the central government’s financial reorganization scheme- Ujjwal Discom Assurance Yojana (UDAY).
• Rs. 28, 200 crore is the estimated revenue surplus and Public debt is estimated at 30.30% of the GSDP.