March 17, 2025
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Revenue deficit reduction alters state fiscal space and prompts budgetary emphasis on tourism, rural development and green energy.
The 2025-26 budget realigns state finances following reductions in the Revenue Deficit Grant and stopping of GST compensation, noting increased debt largely used to service prior liabilities. It implements targeted measures: MSP increases for milk and raw turmeric, a Spice Park, expansion of eco-tourism, electric bus procurement and Shimla Ropeway, MGNREGA wage rise, phased pension arrears for older pensioners, a natural farming expansion target, new social-support schemes, separate education directorates, and a Special Task Force with proposed legislation to address organised crime.