Question:
Consider the following statements regarding public finance of Himachal Pradesh:
(1) According to Budget Estimate for the year 2024-25, share of revenue expenditure out of total expenditure is around 80 percent.
(2) Debt as a percentage of GSDP reached 75.33 during the year 2022-23.
(3) State’s own tax revenue as a percentage of total revenue for the year 2024-25 (BE) increased to 27.4.
(4) During FY 2024-25 (BE) education and health sector were allocated Rs. 9995 and Rs. 8575 crores respectively.
Choose the correct answer from the options given below:
(A) (1) and (3) only
(B) (1) and (2) only
(C) (1) and (4) only
(D) (2) and (3) only
The correct statements are (1) and (3) only: According to the Budget Estimates for 2024-25, the share of revenue expenditure out of total expenditure is around 80 percent, and the State’s own tax revenue as a percentage of total revenue for 2024-25 (BE) increased to 27.4. The debt as a percentage of GSDP in 2022-23 was approximately 44.3 percent, not 75.33, and the allocated amounts for education and health in 2024-25 (BE) were different from those stated in option (4).
So, the answer is:
(A) (1) and (3) only
Supporting Data
- Revenue expenditure for 2024-25 is estimated at Rs 46,667 crore, which is about 80% of total expenditure.
- Own tax revenue as a percentage of total revenue for 2024-25 (BE) increased to about 27.4%.
- Debt as a percentage of GSDP in 2022-23 was about 44.3%.
- The allocations for education and health sectors were not Rs 9995 crore and Rs 8575 crore respectively.
These confirm that only statements (1) and (3) are correct.