ITANAGAR, July 24, 2024 – Arunachal Pradesh Deputy Chief Minister Chowna Mein presented a Rs 993.08-crore deficit budget for the fiscal year 2024-25. The budget, totaling Rs 35,840.79 crore, focuses on infrastructure development, urban growth, and enhancement of human resources, marking a 20.85% increase from the previous year.
“Our vision is people-centric and progressive,” stated Mein, who also oversees Finance, Planning, and Investment. “We are committed to fulfilling the aspirations of every person, especially our youth, women, and farmers.”
Highlights of the Arunachal Pradesh Budget 2024-25
- Infrastructure Projects: Extensive funding for road and bridge construction, improving transport links within the state and with neighboring regions.
- Urban Development: Significant investments to upgrade facilities and services in towns and cities.
- Education: Increased funding for educational institutions to enhance quality and accessibility.
- Healthcare: Expansion of medical facilities and services across the state.
- Skill Development: Programs aimed at boosting youth skills to meet the demands of emerging industries.
- Central Taxes Share: Rs 21,431.59 crore, an increase of 19.42% over the previous fiscal year.
- Deficit Management: Strategies to address the Rs 993.08 crore deficit while maintaining growth and development initiatives.
Arunachal Pradesh Budget Focus Areas
Infrastructure Focus
The Arunachal Pradesh budget 2024-25 allocates significant funds for infrastructure projects aimed at modernizing urban areas and enhancing connectivity.
This includes:
- Road and bridge construction to improve transport links within the state and with neighboring regions.
- Urban development projects to upgrade facilities and services in towns and cities.
Human Resource Development
Investment in human resources is a cornerstone of the Arunachal Pradesh budget 2024-25, focusing on education, healthcare, and skill development to build a robust workforce. Key initiatives include:
- Enhanced funding for educational institutions to improve quality and access to education.
- Healthcare initiatives aimed at expanding medical facilities and services across the state.
- Programs to boost skill development, particularly for youth, to meet the demands of emerging industries.
“Our budget reflects a commitment to a balanced and inclusive growth strategy,” Mein said. “We aim to ensure that our youth, women, and farmers are equipped to contribute to and benefit from the state’s development.”
Political analysts and local leaders have lauded the budget for its forward-looking approach and comprehensive focus on critical sectors. “This budget is a step in the right direction, particularly with its emphasis on infrastructure and human resource development,” noted a political analyst.
Budget Implications
The presented Arunachal Pradesh budget 2024-25 aligns with broader national development goals and is expected to play a significant role in propelling the state towards sustained economic growth.
Historical trends indicate a steady increase in budget allocations, reflecting the state’s evolving priorities and economic strategy.
The 2024-25 budget of Arunachal Pradesh sets a clear path towards a more developed and equitable state, with significant investments in infrastructure and human resources.
As the state government continues to align its policies with the vision of a “Viksit Bharat, Viksit Arunachal,” the people of Arunachal Pradesh can anticipate notable improvements in their quality of life and economic opportunities.
