Thalayazham Grama Panchayat

Budget Report for the Financial Year 2024–25

The 2024–25 Budget of Thalayazham Grama Panchayat reflects the development vision and service-sector priorities of the Grama Panchayat. The budget has been prepared with emphasis on increasing the Panchayat’s own-source revenue, development activities, infrastructure development, and social welfare programmes.

Revenue Position

The opening balance of the Panchayat for the financial year 2024–25 is ₹1,29,92,918. Tax revenue of ₹69 lakh and non-tax revenue of ₹27.85 lakh are expected. Thus, the total own-source revenue is estimated at ₹96.85 lakh.

The Panchayat is expected to receive ₹1.40 crore as General Purpose Fund. Including various plan grants and other financial assistance, the total revenue income of the Panchayat is estimated at ₹24.92 crore.

Capital Receipts

Non-loan capital receipts of ₹4.60 crore are expected during the financial year. With this, the Panchayat’s total receipts are estimated at ₹29.52 crore.

Expenditure Structure

An amount of ₹2.08 crore has been allocated for meeting essential responsibilities. ₹16.38 crore has been allocated for development activities through plan grants, while ₹6.25 crore has been earmarked for non-plan expenditure.

An amount of ₹4.60 crore has been set aside for capital expenditure. Accordingly, the total expenditure of the Panchayat is estimated at ₹29.31 crore.

Financial Overview

The budget aims to maintain a healthy balance between revenue and expenditure during 2024–25. It has been designed to ensure adequate financial resources for development projects, welfare activities, infrastructure development, sanitation initiatives, and social security programmes.

The Panchayat aims to maintain a closing balance of ₹1.51 crore at the end of the financial year. This reflects the Panchayat’s focus on financial stability and efficient financial management.

Conclusion

The 2024–25 Budget is a people-oriented budget that gives priority to the overall development of the Grama Panchayat and the welfare of its people. It reflects a clear financial vision for increasing own-source revenue, effectively utilising government grants, and implementing development projects in a timely manner.