The inclusion of the much-anticipated monthly stipend of Rs 1,000 for women over the age of 18 is noteworthy, though. AAP’s pre-election pledge in Punjab, this honorarium, has been incorporated by the party’s government in the nation’s capital, Delhi Budget.
In Punjab, significant investments have been made in healthcare and education. A comprehensive strategy for fostering academic excellence is shown by the projected schools of brilliance and schools of happiness, Mission Samrath, investments in medical education, and subsidies to state universities.
Source: The New Indian Express
To serve rural areas, Aam Aadmi Clinics have been established, and infrastructure improvements in healthcare have been made. A move in the direction of sustainable development is evident in the attention given to the pressing problems of crop diversity and groundwater depletion.
It’s also wonderful to support programs like sports nurseries and athletic universities. Nevertheless, despite this wide range of allocations, worries about the budget deficit and the debt load remain. The debt load increased from Rs 2.73 lakh crore in March 2022 to Rs 3.33 lakh crore by January 2024. Punjab has the second-highest debt-to-GDP ratio in the nation, at 47.6%, according to an RBI analysis.
Source: The Economic Times
The state’s revenue sources have been significantly reduced by committed liabilities like wages, pensions, loan repayments, and power subsidies, necessitating the raising of additional loans to cover expenditures. This limits the government’s financial flexibility to carry out significant development projects. For the same reason, capital expenditures have only made up a small percentage of total receipts in the current fiscal year.
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