Ranchi: Chief Minister Hemant Soren has emphasized that after 25 years of progress, Jharkhand now requires a robust and multi-dimensional budget that meets the aspirations of its youth. Speaking at the “Abua Dishom Budget Symposium” at the Jharkhand Secretariat, Soren highlighted the need for a balanced and inclusive budget capable of accelerating the state’s development trajectory.
“The budget must empower every section and region of the state, reflecting public aspirations while driving economic growth,” the Chief Minister said.
Projected Budget of ₹1 Lakh Crore with Focus on Revenue Growth
CM Soren estimated that the upcoming state budget would be approximately ₹1 lakh crore, with a potential increase in subsequent years. He stressed the need for strengthening revenue collection to ensure sufficient funds for implementing developmental and welfare programs.
Public Participation to Shape the Budget
The Chief Minister highlighted the importance of involving citizens in budget planning. “By seeking suggestions from the public, we can create a budget that is both balanced and development-oriented,” he said.
International Experiences to Guide State Policies
Soren noted that his recent visits to the World Economic Forum in Davos and the UK provided him with firsthand exposure to successful policies, prosperous economies, and progressive work and cultural practices. “We aim to leverage these experiences to provide new direction to Jharkhand’s growth,” he said.
Catering to the Next Generation
Acknowledging the changing aspirations of the state’s younger generation, Soren said, “The new generation is seeking alternatives to traditional systems. Our budget must address their needs and provide better opportunities, incorporating innovative approaches.”
Abundant Resources and Opportunities
The CM highlighted Jharkhand’s wealth of natural resources, including water, forests, and mineral deposits, along with a skilled labor force, entrepreneurs, farmers, and athletes. He emphasized the need to maximize the potential of these resources for the state’s benefit.
Focus on Value Addition of Local Products
Soren urged adding value to Jharkhand’s natural resources, such as lac and tasar silk, which are currently utilized in other states. “We must develop these resources locally to benefit Jharkhand directly,” he said.
Incorporating Expert Suggestions
The Chief Minister noted that the budget has been shaped with inputs from the public and experts from various fields. Individuals providing outstanding suggestions, including Swati Banka, Kishor Prasad Verma, and Gopi Hansda, were honored with cash awards and certificates.
The symposium was attended by Finance Minister Radha Krishna Kishore, Chief Secretary Avinash Kumar, Development Commissioner Ajay Kumar Singh, Finance Secretary Prashant Kumar, Secretary (Resources) Amit Kumar, State Finance Commission Chair Amarendra Pratap Singh and member Dr. Harishwar Dayal, along with prominent national experts including Dr. N. Kartikeyan, Dr. Manisha Priyam, Dr. D. Rai, and Dr. Sudha Rai.
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