Govt's budget agenda: Rs.3.50L-cr outlay, key bills & rural jobs Act
PATNA, Jan. 31 -- The state government is likely to roll out 3.50 lakh crore or higher budget for the year 2026-27 as the House sessions begins on Monday. Besides, government insiders said, there are several bills, including a resolution to endorse the recently introduced rural jobs Act known as Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission (Gramin) or VB-G Ram G.
The session of the state legislature begins on February 2 and will conclude on February 27.
Government insiders said that the inflated budget will target higher allocations in key sectors like education, health, infrastructure, agriculture and rural development. The current fiscal year's budget outlay is Rs.3.17 lakh crore. The state budget for 26-27 would be laid in the state assembly on 3rd February. Governor Arif Mohammad Khan will address both the houses of state legislature on the inaugural day of the budget session on February 2nd.
"Usually , the budget outlay for a new fiscal year gets an enhancement of 10 percent or more than the previous budget. There are chances next year's budget could be 10 percent higher than the current fiscal year budget," said a state government official. The third supplementary budget too would be higher than the second supplementary budget placed in the last session of the state legislature held in the month of December, soon after the new NDA government came into power. The second supplementary budget placed in the state assembly last year stood at Rs.91,717 crore of which a big allocation was made for Mukhyamantri Mahila Rojgaar Yojana ( MMRY) under which Rs.10,000 was given to around 1.56 crore women as financial support to start their own enterprises.
While officials are tight-lipped about the outlay of the third supplementary, sources said it may be on the higher side as the government's expenditure on establishment costs and annual schemes ( plan outlay) need to be covered through provision of adequate funds.
The revenue collections have been good and the central devolutions also are coming on time. So fund availability is not a problem," said another official in the finance department. Bihar had been promised Rs.1.43 lakh crore as central devolution this current fiscal year of which around Rs.1.15 lakh crore has been disbursed while rest is expected in next two months.
More importantly, officials said several proposed legislations are likely to be placed in the upcoming budget session through bills for approval of both the houses of the state legislature.
The proposed laws are likely to be in education , revenue and other departments.
Significantly, there is also a possibility the government may pass a resolution for adopting the (VB-G RAM G), which has replaced MGNREGA, in Bihar. " A resolution could be passed to adopt the new central act in Bihar as the provisions of the new central act have to be implemented in the state. That is the process . It is likely to be brought in this session," said an official in the know of the matter....
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