UP Budget 2025-26: Rs 8.09 Lakh Cr Allocated, Focus on R&D & IT

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Feb 20, 2025 12:07

Uttar Pradesh Finance Minister Suresh Kumar Khanna presented a Rs 8.09 lakh crore budget for FY 2025-26, emphasizing research & development, Information Technology, and development projects. The budget allocates 22% for development, 13% for education, and 11% for agriculture.
UP Budget 2025-26: Rs 8.09 Lakh Cr Allocated, Focus on R&D & IT
Illustration: Dominic Xavier/Rediff.com
Lucknow, Feb 20 (PTI) Uttar Pradesh Finance Minister Suresh Kumar Khanna on Thursday tabled Rs 8,08,736 crore Budget for the financial year 2025-26 in the state assembly with a focus on research & development and Information Technology.

Khanna in his Budget speech said 22 per cent of the Budget has been allocated for development purposes, 13 per cent for education, 11 per cent for agriculture and related services, while six per cent has been allocated for health.

"We have focussed on research, development and Information Technology in the budget," said Khanna.

Khanna began his address by praising Chief Minister Yogi Adityanath and highlighting developments in the state under his leadership.

He also mentioned the ongoing Maha Kumbh as he began his address. He described the Kumbh as not only a cultural and religious event but also a rare astronomical occurrence symbolising India's ancient faith and cultural integrity.

Khanna said the total Budget outlay for financial year 2025-26 is 9.8 per cent higher from the Budget outlay for FY25.

The size of the state's Budget for 2024-25 was Rs 7,36,437 crore that included new schemes worth Rs 24,863.57 crore.

Khanna said the state government will develop an Artificial Intelligence City and set up a park for technological research in Cyber Security.

There are also provisions for the modernisation of the Legislative Assembly as well as the development of smart classes and laboratories in schools and polytechnics.
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