Jharkhand budget 2020-21-Analysis

Jharkhand budget 2020-21

Economic outlook of Jharkhand

GDP

The growth rate of Jharkhand’s GDP was 7% in 2018-19. In comparison, GDP grew at 12.7% in 2017-18.

Different sectors of economy

In 2018-19, agriculture, manufacturing, and services contributed to 24%, 30% and 46% to the economy.  In the same year, these sectors grew by 3.5%, 3.8%, and 8.2%, respectively.

Per capita GDP

The per capita GDP of Jharkhand in 2018-19 was Rs 82,430, 9.5% higher than the corresponding figure in 2017-18.

Revenue deficit

The budget estimates a revenue surplus of Rs 1,993 crore (or 0.5% of GSDP) in 2020-21. The 14th Finance Commission had recommended that states should eliminate revenue deficit. The 15th Finance Commission did not suggest any revenue deficit grants for Jharkhand since it has been consistently witnessing a revenue surplus.

Budget 2020-21 allocations for Education sector

  • Jharkhand has allocated 16.5% of its total budget for education in 2020-21.  This is higher than the average expenditure (15.9%) allocated for education by states.
  • Jharkhand Balika Awasiya Vidyalaya: Jharkhand Balika Awasiya Vidyalaya is special programme of the state Government to promote Girls’ Education in Jharkhand. These schools are established in total 57 blocks where no Kasturba Gandhi Balika Vidyalayas were sanctioned by GoI with full financial support by the state government.

Budget 2020-21 allocations for Health sector

  • Jharkhand has allocated 5.6% of its total budget on health, which is marginally higher than the average allocation for health by states.
  • Mohalla clinic scheme: The government of Jharkhand has launched 25 mohalla clinics in 17 districts across the state.

Leave a Reply

Your email address will not be published. Required fields are marked *