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Tuki presents Rs 514.87 crore deficit budget for 2015-16

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  16 July 2015 12:00 AM GMT

OUR CORRESPONDENT

ITAGAR, July 15: Aruchal Pradesh Chief Minister bam Tuki today presented a 514.87 crore deficit budget for 2015-16 with major thrust on employment generation through skill development, health and education sectors.

The Budget Estimate for 2015-16 shows a receipt of Rs 12,533.62 crore under the Consolidated Fund of the state of which Rs 11,635.68 crore is on the Revenue Account and Rs 897.94 crore in the Capital Account.

The total expenditure from the Consolidated Fund of the state in 2015-16 under Non-Plan is estimated at Rs 5,980.06 crore of which Rs 5,590.64 crore is on the Revenue Account and Rs 389.42 on the Capital Account.

The expenditure under Plan is estimated at Rs 6,583.15 crore of which Rs 3,712.09 crore is on the Revenue Account and Rs 2,871.06 on the Capital Account.

Tuki, who also holds the fince portfolio in his budget speech, informed that he had proposed a tentative allocation of Rs 1941.19 crore in the social sector which is 20 per cent more than last year’s allocation. “I propose to keep a provision of Rs 778.25 crore for education (34 per cent more than last year), Rs 346.18 crore for health (22 per cent increase) and Rs 279.38 for water supply, an increase of 41 per cent over last year’s allocation,” the chief minister informed.

The Budget also proposed an allocation of Rs 1,055.82 crore on infrastructure sector which, is an increase of 23 per cent over 2014-15 allocation.

“I propose a total budgetary provision of Rs 630.57 crore for agriculture and allied sectors including water resources which is 20 per cent increase over last year,” he said.

The state government on March last presented the Vote on Accounts for four months due to non filization of detailed Demands of Grants for the year because of changes in Centre-state funding pattern of centrally sponsored schemes and transition period of replacement of Planning Commission by the NITI Aayog.

Tuki said, the state government made all out efforts to highlight the problems of the state before the 14th Fince Commission as a result of which the state’s share of allocation increased from 0.0328 to 1.3 percent.

Saying that the Budget proposed to keep the Gross Fiscal Deficit-GSDP ratio at less than 3 per cent, Tuki informed that the Gross Fiscal Deficit of the Budget estimate is 2.90 per cent of GSDP which would primarily be through market borrowing from RBI. He said, the government proposed to make a budget provision of Rs 200 crore for uploading of the tiol Pension Scheme contribution, which would cover legacy period fro January 2008 to December 2014. The chief minister also presented the Gender Budget for 2015-16.

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