Budget Report 2022-2023
In the Morayur Grama Panchayat budget for the financial year 2022-23, a total of ₹31.05 crore is estimated to be available, including the previous year's opening balance of ₹14.05 crore. A fresh income of ₹16.99 crore is expected this year through tax and non-tax revenues, General Purpose Fund, plan and non-plan grants, and loans. A total expenditure of ₹20.57 crore has been allocated in the budget for statutory functions of the panchayat, various developmental activities, and loan repayments. The highest share of the total expenditure, amounting to ₹12.62 crore, has been earmarked for revenue development expenses from plan grants. An amount of ₹1.97 crore has been set aside for statutory functions, ₹43 lakh for capital requirements, and ₹5.55 crore for non-plan expenditures. Ultimately, this is a comprehensive development budget with an expected surplus balance of ₹10.48 crore at the end of the financial year.
