Budget Report 2024-25
Manakkad Grama Panchayat – Budget Summary (2024–2025)
Based on the budget figures provided, here is an English summary and analysis:
Overall Financial Position
| Item | Amount |
|---|---|
| Opening Balance | ₹13,018,420 |
| Total Revenue Income | ₹114,084,800 |
| Capital Income | ₹8,756,700 |
| Total Available Funds | ₹135,859,920 |
| Total Revenue Expenditure | ₹123,906,500 |
| Capital Expenditure | ₹8,756,700 |
| Total Expenditure | ₹132,663,200 |
| Closing Balance | ₹3,196,720 |
Revenue Structure
The Panchayat expects income from the following major sources during 2024–2025:
- Own Fund: ₹12,060,000
- Tax Revenue: ₹8,500,000
- Non-Tax Revenue: ₹3,560,000
- General Purpose Fund: ₹9,600,000
- Plan Grants: ₹52,767,300
- Non-Plan Grants: ₹39,657,500
The figures indicate that a significant portion of the Panchayat’s income comes from government grants, while its own-source revenue constitutes a relatively smaller share.
Expenditure Structure
Planned expenditures for 2024–2025 include:
- Statutory Functions: ₹18,559,000
- Plan Expenditure (Development Projects): ₹65,690,000
- Non-Plan Expenditure: ₹39,657,500
- Capital Expenditure: ₹8,756,700
The largest share of spending is allocated to development and plan-related activities.
Key Observations
1. Surplus Budget
The Panchayat expects to end the financial year with a closing balance of ₹3.20 million (approximately ₹31.97 lakh), indicating a surplus budget.
2. Dependence on Grants
Government grants account for a major share of total revenue, while own-source revenue remains comparatively modest.
3. Focus on Development
A substantial portion of expenditure is earmarked for plan activities and development projects, reflecting a focus on infrastructure and community development.
4. Strong Opening Position
The Panchayat begins the year with an opening balance of ₹13.02 million (approximately ₹1.30 crore), providing a solid financial base.
Percentage Analysis
- Own Fund: Approximately 8.9% of total available funds.
- Plan and Non-Plan Grants Combined: Approximately 68% of total available funds.
- Closing Balance: Approximately 2.35% of total available funds.
Conclusion
The Manakkad Grama Panchayat Budget for 2024–2025 is a surplus-oriented budget with a strong emphasis on development activities. While the Panchayat maintains a healthy financial position and plans significant investments in development projects, it remains substantially dependent on government grants for its revenue.