Sarojininagar MLA Rajeshwar Singh Applauds Budget 2026 as a Decisive and Visionary Blueprint
Sarojininagar MLA Rajeshwar Singh has characterized the Union Budget 2026 as a decisive and visionary document that strategically prepares the Indian economy for the challenges and opportunities of the coming decade. In his assessment, the budget not only aims to bolster national economic growth but also significantly enhances Uttar Pradesh's pivotal role in the country's developmental trajectory.
Reflection of Long-Term Priorities and Policy Direction
Singh emphasized that the budget serves as a clear reflection of the government's long-term priorities and policy direction. He described it as a numbers-driven and future-oriented financial plan that adeptly balances growth, fiscal discipline, and socio-economic stability. This balanced approach, according to Singh, is instrumental in elevating India's global economic standing and fostering a resilient economic environment.
Key Provisions Highlighted by Singh
Among the budget's key provisions, Singh pointed to several critical elements that underscore its visionary nature:
- Record Capital Expenditure: A landmark allocation of Rs 12.2 lakh crore, approximately 4.4% of GDP, is set to provide a robust foundation for infrastructure development, boost manufacturing sectors, and generate large-scale employment opportunities across the nation.
- Fiscal Deficit Target: The budget sets a fiscal deficit target of about 4.3%, which Singh welcomed as a testament to the government's commitment to fiscal prudence while pursuing rapid economic growth.
Boost for Uttar Pradesh's Development
Singh highlighted specific measures that are poised to benefit Uttar Pradesh, positioning the state as a major hub for growth and employment:
- High-Speed Rail Corridors: Uttar Pradesh's participation in 7 high-speed rail corridors is expected to enhance connectivity and spur regional development.
- Logistics and Connectivity Allocations: Higher allocations for logistics and connectivity projects will further strengthen the state's infrastructure.
- Central Tax Devolution: An estimated Rs 2.8 lakh crore in central tax devolution is anticipated to provide substantial financial support for state-level initiatives and development programs.
These provisions, according to Singh, collectively aim to transform Uttar Pradesh into a key driver of India's economic progress, ensuring that the state leverages its potential to contribute significantly to national development goals.
