- Bihar Deputy CM and Finance Minister Samrat Chaudhary presented the ₹ 2.79 lakh crore budget for 2024-25 in the State Assembly.
- In FY 2023-24, Bihar registered a growth rate of 10.64% and 2.5 crore people came out of poverty in the state.
- The budget has put maximum focus on education, rural development, social welfare, rural works, and the health sector.
- The budget expenditure has been increased from ₹2,61,885.40 crore to ₹2,78,725.72 crore for the financial year 2024-25.
- In 2024-25, the fiscal deficit is likely to be 2.98% of the GDP.
- Bihar is one of those States that has implemented the FRBM Act seriously.
- The Gross State Domestic Production (GSDP) of Bihar is estimated to grow by 15.5% to Rs 7.5 lakh crore.
- For the fiscal year 2022-23, the per capita income of the State is estimated to be ₹59,637 per annum at current prices. The per capita income in 2018-19 was ₹44,451.
- The real per capita income of the state is estimated to grow by 9.0 per cent in 2022-23 to reach Rs 35,119.
- The real GSDP is estimated to grow by 10.6% to Rs 4.4 lakh crore in 2022-23.
- The CD (Credit-Deposit) ratio of Banks in the State has also improved to 55.6% as of March 31 2023, as compared to 53% in the previous year.
- The share of the tertiary sector in the gross value of the state economy is estimated to be 60%. The share of the primary and secondary sectors will be 20% each in the 2022-23.
- The value added by the primary, secondary, and tertiary sectors is estimated to increase by 6.7%, 6.8%, and 13%, respectively.
