Bihar Budget 2016-17: Education, energy sectors are Nitish govt’s top priorities

Education continues to remain a top priority with an allocation of Rs 10,950 crore or 15.31 per cent of the total plan outlay.

Written by Santosh Singh | Patna | Published:February 27, 2016 1:41 am
bihar, bihar budget, bihar 2016 budget, 2016 bihar budget, bihar budget 2016, 2016 budget bihar, budget, budget 2016, budget news, bihar budget news, bihar news, india news Bihar Finance Minister Abdul Bari Siddiqui arrives at Bihar Assembly for presenting state budget in Patna on Friday. (PTI Photo)

Bihar’s grand alliance government Friday presented a budget of Rs 1,44,696 crore for 2016-17, which is Rs 24,010 crore more than the previous budget.

Education continues to remain a top priority with an allocation of Rs 10,950 crore or 15.31 per cent of the total plan outlay. With Chief Minister Nitish Kumar assuring electricity connection to every household, the energy sector turned out to be the second most important priority with an allocation of Rs 9,658 crore or 13.51 per cent of the total plan outlay.

The previous state government’s priorities such as road and health were pushed to the fourth and sixth position on the government’s priority chart with an allocation of Rs 5,954 crore and Rs 5,348 crore, respectively. The energy sector has got an overall budget of Rs 14,367 crore, second only to the overall education budget of Rs 21,897 crore (plan and non-plan).

State Finance Minister Abdul Bari Siddiqui presented the budget, laying special emphasis on Nitish Kumar’s election promises of “fulfilling seven resolutions”, which include schemes such as student credit card and allowance to youth to incur expenses during their job search.

The government, which had recently hiked value-added tax (VAT) on 20 items, however, did not introduce any new tax.
When asked about how the government would make up for the Rs 4,000 crore excise duty loss after the upcoming ban on countrymade liquor from this April, the minister said, “We have taken a host of small measures and ensured that we get at least Rs 5,000 crore plus revenue than last year. It is a Rs 14,649 crore revenue surplus budget.”

Reacting to the budget, BJP legislature party leader and former deputy CM Sushil Kumar Modi said, “There has not been adequate provision for the much talked about seven resolutions. The education budget has been cut down from 19.16 per cent to 15.31 per cent and the revenue collection is also not satisfactory.”

For all the latest India News, download Indian Express App

  1. S
    Sanjay Singh
    Feb 27, 2016 at 1:29 pm
    HAHHAHAHAAH BIHAR HAS A BUDGET............................THIS IS AN ESTIMATE THAT THIS MONEY THEY ARE GOING TO STEAL. NITISH HAS ONLY ONE BUISNESS JUST TO KEEP LALOO HAPPY?
    Reply
    1. c
      c.e.singh
      Mar 10, 2016 at 10:20 am
      looks like you are a very much frustrated , indiscipline and unorganized personality.
      Reply
      1. D
        dhananjay kumar
        Dec 26, 2016 at 7:54 am
        Bihar this Financial Budge is a good indication of growth with future generation. The government has given top priority to education and energy sector and also has given sufficient importance to health and transport communication. This is a very very balance and growth with social inclusiveness budget. A good outcome will come which can lead to a stronger state . After all this year is also a revenue surplus budget in spite of excise duty loss after Aprl16 no wine in Bihar.
        Reply
      2. N
        Nitesh sisodiya
        May 24, 2016 at 3:19 am
        Whatsoever the budget on education has submitted must be amend....bcoj words always are different than did...if this much money will be invested on education in bihar ,i dont understand a single youth will be left illiterate......pls do as what u have said....bihar needs first priority on education
        Reply
        1. S
          santosh kumar
          Feb 27, 2016 at 5:42 am
          overall good budget.....must emphasize on road and education...
          Reply
          1. Load More Comments