Bihar Finance Minister Mr Tarkishore Prasad has presented Bihar
Govt Rs 2,18,302.70 Crore budget for FY22
Deputy Chief Minister and Finance Minister of Bihar Tarkishore Prasad,
who holds the finance portfolio, presented his first revenue-surplus state
budget of Bihar of Rs 2,18,302.70 crore for Financial Year 2022, which is
Rs 6,541.21 crore more than the Financial Year 2021 estimates of Rs
The state’s fiscal deficit has been estimated at Rs 22,510.78 crore which is
2.97% of the Gross State Domestic Product (GSDP), estimated at Rs
7,57,026 crore. The budget has proposed to keep the fiscal deficit target
within the 3% limit.
No fresh taxes have been imposed, and focus has been on the
development of infrastructure, social sectors, and entrepreneurship.
Bihar has consistently claimed to be a revenue-surplus state since
Facts about State symbols of Bihar:
State Bird: House Sparrow
State Animal: Gaur
State Flower: Kachnar
State Fruit: Mango
State Tree: Peepal tree
Bihar Partner State in Odisha’s 17th International Mega Trade Fair
Odisha has hosted the 17th International Mega Trade Fair at
Bhubneshwar. The objective of the Fair is to showcase the latest
developments in the field of real estate.
Partner Country for 2021 fair is Bangladesh and Partner State for this
year is Bihar.
The Fair was organized in collaboration with Utkal Chamber of
Commerce and Industry (UCCI), Bengal Chamber of Commerce and
Industry and GS Marketing Associates
Justice M Ramana passed away at the age of 88
Justice Mandagadde Rama Jois, who has been governor of Bihar and
Jharkhand state has passed away at the age of 88.
He was born in July 27, 1931 in Karnataka.
He served as the Chief Justice of Punjab and Haryana High Court.
Bihar has become the first state in India to sign an MoU with UNEP
for development of Low Carbon Pathway
Bihar State Pollution Control Board has signed a memorandum of
understanding with United nations environment program to develop a
roadmap for climate-resilient and low carbon development in Bihar by
The agreement was signed by Atul Bagai, UNEP India head & S
Chandrasekar, Member Secretary of the BSPCB.
Under the MoU UNEP will help Bihar to:
To develop Climate Impact Vulnerability Assessments
Increase the capacity of Bihar to deal with climate-related issues.
To prepare a Greenhouse Gas Inventory (GHG) & Carbon Footprint
Revise its State Action Plans on Climate Change (SAPCC) to align with
India’s National Action Plan on Climate Change under Paris Agreement.
Bihar Budget (2021-22) Highlights
The Finance Minister of Bihar Mr. Tarakishore Prasad had presented the
Budget for Bihar for the financial year 2021-22. The 2021-22 budget
amount is Rs 2,18,303 crore (more than Rs. 6,542 crores of FY 2020-21)
which makes it the biggest budget in the history of Bihar.
Constitutional Provision of Budget for State
As per Article 202 of the Constitution of India, the Governor of a State
shall cause to be laid before the House or Houses of the Legislature of
the State a statement of the estimated receipts and expenditure of the
State for a financial year.
This estimated statement of receipt and expenditure for a financial year
named in the Constitution as the “Annual Financial Statement” is
usually referred to as “Budget”.
Key Terms Used in Budget
Revenue which includes:
The receipts received can’t be recovered by the government.
It comprises income amassed by the Govt. through taxes and non-tax
sources like dividends on investments and interest.
These are the expenditure incurred by the state Government for
purposes other than for the creation of physical or financial assets.
It includes those expenditures incurred for the usual functioning of the
government departments, grants given to state government includes
borrowings from the Reserve Bank of India and commercial banks and
other financial institutions.
It also consists of loans received from foreign governments and world
organizations and repayment of loans granted by the Union
Capital which includes
Capital Receipt: These are the receipts that generate liability or
decrease the financial assets of the government which
It is the spending incurred by the government which results in the
formation of physical or financial possessions of the Union government
or a decrease in financial liabilities of the Union Government.
It will contain expenditure on procuring land, equipment, infrastructure,
expenditure in shares.
It also includes mortgages by the Union government to Public Sector
Undertakings, state and union territories government and interest
payments on the debt of the Union Government, etc.
Direct Tax: These are the taxes which are imposed directly on individual
and company. It comprises
Indirect Tax: These are the axes that are imposed on goods and services.
It comprises taxes like
Fiscal Policy: Fiscal policy is the means by which a government adjusts
its expenditure levels and tax rates to watch and influence a country’s
Revenue Deficit: It is the extra expenditure of the government over
Fiscal Deficit: It is the difference between the total expenditure of the
government and its total receipts, which is not including the borrowing.
Primary Deficit: Primary deficit refers to the difference between the
present year’s fiscal deficit and interest payment on previous
Non-Tax Revenue: These are the government revenue not generated
Gross Domestic Product (GDP):
It is the price value of all finished goods and services made within a
country during a specific period.
It provides a snapshot of a country, used to estimate the size of an
economy and growth rate.
Highlights of the Budget:
Gross State Domestic Product
The fiscal deficit for FY22 is estimated at Rs 22,510. 78 crore.
It is 2.97 % of the estimated Gross State Domestic Product (GSDP).
There is a modest increase of Rs. 6,541. 21 crore or 2.97 % over FY21
Rs 1,77,071.39 crore as revenue expenditure while Rs 41,231.31 crore is
The total receipts are estimated at Rs 2,18,502.70 lakh crore, which
Rs 1,86,267.29 crore by way of revenue receipts and
Rs. 91,180.60 would be the state’s share in central taxes
Rs 32,235.41 crore by way of capital receipts.
Rs. 35,050.00 crores for the government’s own tax revenue.
It is estimated to be Rs. 9,195.90 crore.
New Scheme / Policy in Budget 2021-2022
Saat Nishchay Scheme- Under this scheme, the state government will
emphasize upon social welfare, public health, women security,
employment generation etc. The major achievements should be-
आर्थिक हल, युवाओ को बल
आरर्ित रोजगार, मर्हलाओं का अर्िकार
हर घर नल का जल
घर तक पक्की गर्लयााँ, नार्लयााँ
सौचालय र्नमािण- घर का सम्मान
अवसर बढें , आगे बढें
Nishchay- 2 Scheme under Good Governance in Bihar- The budget
allocation for FY 2021-22 should be Rs. 4671 crore. The major aim should
युवा शक्ति, र्बहार की प्रगर्त
सशि मर्हला, सिम मर्हला
हर खेत तक र्संचाई का पानी
स्वच्छ गााँव- समृद्ध गााँव
स्वच्छ शहर- र्वकर्सत शहर
सुलभ संपकि ता
सबके र्लए अर्तररि स्वास्थ्य सुर्विा
Agriculture and allied activities
Agriculture and Allied Activities (in 2021-22): Total Rs. 3335.47 crore has
been allocated for agricultural development. Rs. 50 crore has been
proposed to implement Har Khet tak Sinchayi ka pani across the state.
Rs. 300 crores are proposed for the Electricity Department.
Rs. 4074.38 crores have been allocated for the Water Resources
Rs. 1561.72 crores have been allocated for Animal and Fisheries resources.
The Organic Corridor will be established across the 13 districts of the
state on the banks of the Ganga river.
Rs. 1534.09 crores for Cooperative Department.
Medical and Health Infrastructure
Rs. 400 crores have been allocated for Public Health Services.
Rs. 300 crores for Bal Hriday Yojana and other health schemes.
Rs. 110 crores has been allocated for the establishment of the Skill
Development and Entrepreneurship Department along with Medical
and Engineering Universities in Bihar.
The Centre of Excellence will be established in all ITIs.
International Cricket Stadium and Sports Academy along with Sports
University will be established in Rajgir.
To promote entrepreneurship in the state Rs. 200 crores has been
Rs. 600 crores for Women Higher Education and Rs. 200 crores for
The 2nd zoo of Bihar will be opened in Araria by 2021.
Total budget allocation- Rs. 737.75 crore.
Manufacturing/ Industrial Sector
The total budget allocation will be Rs. 1285.17 which is more than Rs.
40.33 crore of last year.
Rural and Urban Development
Total budget allocation- Rs. 16835.67 crore
Rs 400 crore has been allocated for the disposal of solid waste in cities
across the state, under which a Storm Water Drainage System will also
Rs. 250 crores for Rural Works Department.
Rs. 200 crores for the construction of Bypass and Flyovers across the
For other various schemes like housing for all, Shyama Prasad Mukherji
Rurban Mission Rs. 7767.13 crore has been allocated.
RiverFront Projects will be implemented in Patna, Begusarai, Chhapra,
Bhagalpur, Ara, Buxar, Hazipur, etc.
Patna Metro Rail whose total length is 32.497 km will be completed by
2024 at the total cost of Rs. 11165.96 crore.
Health and Family Welfare
The government has allocated Rs. 400 crore for Public Health Services.
Social Security and Welfare
For the betterment of Old and Elderly people in the state, Rs. 90 crore
has been allocated for the Social Welfare department.
Total Budget allocation for Social Welfare department- Rs. 8159.15 crore.
Total Budget allocation for BC and EBC welfare department- Rs. 1749.44
Total Budget allocation for SC and ST welfare department- Rs. 1803.28
Total Budget allocation for minority welfare department- Rs.562.63 crore
Rs. 550 crores have been allocated under the Nishchay-2 scheme.
Mahabodhi Cultural Centre will be established in Bodh Gaya for the total
cost of Rs. 145 crore.
Buddha Samyak Darshan Museum will be established in Patna.
APJ Abdul Kalam Science City is going to be established in Patna.
Rajya Panchayat Sansadhan Kendra will be established.
Rs. 9544.93 crores has been allocated for the Panchayati Raj department.
Under Lohia Swacchhta Yojana-2, Rs. 50 crore has been allocated for
sanitation in rural areas.
Bihar Finance Minister Mr Tarkishore Prasad has presented Bihar