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| Revenue receipts are estimated at Rs 3,373 crore and capital receipts at Rs 31,772 crore. Total receipts have been estimated at Rs 65,147 crore. |
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| The revenue expenditure was estimated at Rs 40,758 crore and the capital expenditure at Rs 6,077.57 crore. |
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| The drawal from public accounts amounts to Rs 4,649.39 crore, leaving a deficit of Rs 1,428.18 crore. Since the financial year started with Rs 407.31 crore, the overall deficit for 2003-04 is estimated at Rs 1,020.87 crore. |
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| Therefore, the revenue deficit is estimated at Rs 7,385.79 crore and the fiscal deficit at Rs 1,903 crore. The state's debt at the end of the current fiscal is estimated at Rs 107,922.49 crore. |
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| The fiscal deficit has increased by Rs 6,488.17 crore because of the securitisation of Rs 5,906.83 crore debts of power companies. |
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| However, this book entry will have no impact on the flow of money. The ratio of fiscal deficit to the gross state domestic product is at 9 to 4. |
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| Other indices do not indicate a comfortable position for the state. The ratio of interest payment to total revenue has been hovering around 32 per cent for the last few years. |
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| The ratio of the capital expenditure to the capital receipts is placed at 55 per cent, if the debt of power companies is excluded it will come to 41 per cent. |
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| The ratio of tax to the gross state domestic product is at 13 per cent. It was 12 per cent in the last financial year. The debt to the gross state domestic product ratio is placed at 51 per cent. |
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| However, the government plans to reduce the revenue deficit to Rs 7,385.790 crore. It had jumped from Rs 6,181.80 crore in 2001-02 to Rs 8,062.43 crore in 2002-03. |
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| The government has allocated Rs 100 crore for the accelerated economic development programme aimed at improving social infrastructure. The government has announced the Chaudhry Charan Singh plan to improve irrigation facilities. |
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| In what will be sweet music to large builders like Sahara India, the budget proposes to launch housing plans in 23 cities. To promote high-rise buildings, the government plans to introduce an Uttar Pradesh Apartments Bill. |
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| Talking to reporters after the budget, Yadav said he was expecting large investments from corporates who had joined the UP Vikas Parishad. The parishad would also suggest the way out of the debt trap, the state had fallen into, he added. |
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| Yadav said the state government would hand over 24 sugar mills to the private sector on a 30-year lease. |
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| Remarking that the state government could not meet Rs 300 crore loss sugar mills were accruing, Yadav said some of them would be sold. |
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