STATE BUDGET 2015-16

          MP finance minister Jayant Malaiya presented his 2nd and the BJP government's 12th budget in the assembly on 25th of February 2015, Wednesday. The finance minister presented a revenue surplus budget of Rs 5,588 crore. This is the 11th revenue surplus budget in succession.

          The Budget 2015-16 is inspired by the slogan, 'Make in Madhya Pradesh'. Consequently, the Budget focuses on Infrastructure, Human Resource and Skill Development as tools for generating employment for youth and enhancing production

          The State Government has increased levies and taxes on sand, flooring stone and a stamp duty on fresh arms licenses and renewals.

          The finance minister announced that it was proposed to reduce value added tax (VAT) from 13% to 5 % on 40 articles. VAT is also proposed to be slashed on aviation turbine fuel (ATF) from 13% to 4 %. VAT is proposed to be increased for tobacco-free paan masala from 13 per cent to 27 per cent.

Budget 2015-16 - Brief commentary on Budget Changes.

Click to view Finance Minister's Speech in Hindi.