+
UP Targets Higher Fund Utilisation for 2025–26
ECONOMY & POLICY

UP Targets Higher Fund Utilisation for 2025–26

After utilising nearly 80 per cent of its annual budget for 2024–25, the Uttar Pradesh government has shifted focus to ensure even greater and more qualitative use of funds in 2025–26. Finance Minister Suresh Khanna said regular monitoring will be done, with the first review scheduled after the June 30 quarter.

Khanna said the government aims to improve the timely release and utilisation of funds next fiscal. Preliminary estimates show that 68–70 per cent of funds allocated for capital expenditure and 80–85 per cent for revenue expenditure have been used in 2024–25.

Officials said around Rs 1.07 trillion was spent on debt servicing and related expenses, while Rs 613.11 billion was used for allowances and pensions. Among departments, the energy department led spending with Rs 543.46 billion utilisation.

Other departments with significant fund usage include heavy and medium industries (Rs 203.81 billion), rural development (Rs 155.86 billion), panchayati raj (Rs 168.96 billion), police (Rs 333.96 billion), medical health and family welfare (Rs 218.94 billion), medical education and training (Rs 103.49 billion), urban development (Rs 151.32 billion), PWD (Rs 324.87 billion), primary education (Rs 673.23 billion) and secondary education (Rs 155.51 billion).

Departments like minor irrigation, civil aviation, tourism, transport, social welfare (SC welfare), backward classes welfare, and Pradeshik Vikas Dal and Yuva Kalyan reported more than 90 per cent fund utilisation during 2024–25.

Image source:Image generated by ChatGPT

After utilising nearly 80 per cent of its annual budget for 2024–25, the Uttar Pradesh government has shifted focus to ensure even greater and more qualitative use of funds in 2025–26. Finance Minister Suresh Khanna said regular monitoring will be done, with the first review scheduled after the June 30 quarter. Khanna said the government aims to improve the timely release and utilisation of funds next fiscal. Preliminary estimates show that 68–70 per cent of funds allocated for capital expenditure and 80–85 per cent for revenue expenditure have been used in 2024–25. Officials said around Rs 1.07 trillion was spent on debt servicing and related expenses, while Rs 613.11 billion was used for allowances and pensions. Among departments, the energy department led spending with Rs 543.46 billion utilisation. Other departments with significant fund usage include heavy and medium industries (Rs 203.81 billion), rural development (Rs 155.86 billion), panchayati raj (Rs 168.96 billion), police (Rs 333.96 billion), medical health and family welfare (Rs 218.94 billion), medical education and training (Rs 103.49 billion), urban development (Rs 151.32 billion), PWD (Rs 324.87 billion), primary education (Rs 673.23 billion) and secondary education (Rs 155.51 billion). Departments like minor irrigation, civil aviation, tourism, transport, social welfare (SC welfare), backward classes welfare, and Pradeshik Vikas Dal and Yuva Kalyan reported more than 90 per cent fund utilisation during 2024–25.Image source:Image generated by ChatGPT

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?