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Guj budget promises creation of 500K jobs
Hindustan Times
|February 21, 2025
Gujarat finance minister Kanubhai Desai on Thursday presented the 2025-26 state budget with an outlay of ₹3.70 lakh crore in the assembly, focusing on infrastructure development without proposing any new taxes while offering a tax relief of ₹148 crore by reducing the stamp duty on mortgage deeds and the motor vehicle tax on Electric Vehicles (EVs).
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Desai said the total budget estimate (BE) outlay of ₹3,70,250.35 crore for 2025-26 showed an increase of ₹37,785 crore, or 11.36%, over the BE of FY25. Considering the revenue account with capital account and net public account, the estimates for the financial year 2025-26 show surplus of ₹1,007 crore, he added.
The budget also committed to creating 500,000 new jobs, targeting the youth.
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