Budgetary allocations in UP: 67% funds used so far, efforts on to utilise money by March 31

UP govt has spent about ₹4.78 lakh crore up to Feb 29. This is about ₹70,000 crore more than ₹4.07 lakh crore, the amount spent up to Feb 28, 2023, says finance minister Suresh Khanna.

Updated on: Mar 5, 2024, 05:20:10 IST

By Umesh Raghuvanshi

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LUCKNOW With the current financial year ending on March 31, 2024, the state government has so far used nearly 67% of the budgetary funds and efforts have been stepped up to ensure that departments make use of the funds without compromising on quality.

The state government got an annual budget of ₹6.90 lakh crore approved from the state legislature for 2023-2024 (Pic for representation)

“UP government has spent about ₹4.78 lakh crore up to February 29. This is about ₹70,000 crore more than ₹4.07 lakh crore, the amount spent up to February 28, 2023,” said minister for finance Suresh Khanna.

The state government got an annual budget of ₹6.90 lakh crore approved from the state legislature for 2023-2024. It got a supplementary budget of ₹28,760.67 crore passed in the state legislature assembly. The state government thus had funds to the tune of around ₹7.19 lakh crore available in 2023-2024.

It had allocated ₹1.87 lakh crore for capital expenditure in the annual budget for 2023-2024 and earmarked ₹9,714 crore for capital expenditure in the supplementary budget for the current financial year.

“We have asked departments to make use of funds without making any compromise on the quality of work. We are sure they will make use of maximum allocations to avoid lapse of funds,” said Khanna.

A scrutiny of the state government’s official website https://shasanadesh.up.gov.in/ also indicates that most of the government orders issued this month are related to administrative and financial sanctions for different projects. A study of the koshvani.up.nic.in indicates that the state government has ₹7.45 lakh crore (budgetary provisions) available and has issued sanctions of ₹4.50 lakh crore. It further indicates that the state government has been able to make an expenditure of ₹4.15 lakh crore till now.

ABOUT THE AUTHOR
Umesh Raghuvanshi
Umesh Raghuvanshi is an award-winning journalist with nearly four decades of demonstrated experience in the profession. He is the author of Ayodhya: The Gods Are Liberated. He is skilled in storytelling and newswriting, and writes on politics, governance, legislature, finance, environment, and social issues. He is based in Lucknow, is well-travelled, and has covered several national and international events, as well as all assembly and parliament elections in Uttar Pradesh since 1984. He has been a visiting scholar at the Graduate School of Journalism, University of California, Berkeley, USA, and a Metcalf Fellow at the Metcalf Institute of Marine and Environmental Reporting, University of Rhode Island, USA. He is a science graduate from DBS College, Dehradun, and holds an MA in Political Science from DAV (PG) College, Dehradun. He won the KC Kulish International Merit Award for excellence in journalism (2015) and received it in New Delhi in 2017. He also won a competition organised by the United Nations Environment Programme DTIE OzonAction Programme in 2009 that assessed coverage of the interlinkages between ozone and climate change. He was awarded in Beijing, China, in 2010. He started his career with a Dehradun-based English daily in the early 1980s and later worked with The Pioneer too.Read More