Budget 2023-24
Summary and Analysis of the Budget Report of Pampady Grama Panchayat for the Financial Year 2023–2024
Key Financial Indicators – At a Glance
The major estimated income and expenditure figures for the financial year 2023–24 are as follows:
- Total Income: ₹24,95,88,000
- Opening Balance: ₹3,78,54,592
- Total Available Funds (Total Income + Net Opening Balance): ₹28,74,42,592
- Total Expenditure: ₹27,43,73,400
- Closing Balance: ₹1,30,69,192
Revenue Income
The major sources of income of the Panchayat are as follows:
Tax Revenue: ₹1,50,00,000 is targeted. This mainly comprises Property Tax – ₹1,10,00,000 and Profession Tax – ₹40,00,000.
Non-Tax Revenue: ₹92,70,000 is expected through rent from Panchayat buildings, licence fees, permit fees, and other charges.
General Purpose Fund: ₹2,02,27,000.
Plan Grants: ₹8,90,91,000 is expected for plan expenditure. This includes ₹2,75,00,000 for Centrally Sponsored Schemes and ₹2,36,53,000 as Development Fund (General Category).
Non-Plan Grants: ₹8,50,00,000 has been allocated for non-plan expenditure.
Expenditure Structure
The expenditure in the budget is mainly classified into Revenue Expenditure, Decentralised Planning Programmes, and Capital Expenditure.
1. Revenue Expenditure
Statutory Functions: A total of ₹3,08,35,000 has been earmarked, including ₹1,40,00,000 for employees' salaries, ₹24,00,000 for the honorarium of elected representatives, and other administrative expenses.
Non-Plan Revenue Expenditure: ₹8,50,00,000.
2. Decentralised Planning Programme
A total of ₹11,53,38,400 has been allocated for development activities under various sectors.
Productive Sector: ₹81,10,400 has been allocated for agriculture, animal husbandry, including cattle rearing and calf care, dairy development, and related activities.
Service Sector: The largest allocation of ₹7,86,75,000 is made to this sector. It includes ₹2,50,00,000 for housing, ₹3,00,00,000 for poverty alleviation programmes, as well as allocations for public health, education, welfare of destitute persons and persons with disabilities, and other social welfare activities.
Infrastructure Development: ₹44,50,000 has been allocated for public buildings, electrification of streetlights, purchase of vehicles, and other infrastructure facilities.
Maintenance Projects: ₹1,71,87,000 has been allocated for the maintenance of non-road assets.
3. Capital Expenditure
Loan Repayment: ₹1,00,00,000 has been allocated for repayment of loans.
Other Capital Expenditure: A total of ₹4,32,00,000 has been allocated for various capital works, including ₹25,00,000 for land purchase, ₹1,00,00,000 for construction of public buildings, and ₹40,00,000 for roads.
Conclusion
The 2023–24 Budget of Pampady Grama Panchayat primarily focuses on housing, poverty alleviation, and social welfare, with significant priority given to the service sector. The budget aims to achieve balanced development by strengthening tax collection and making effective use of Central and State Government grants.