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₹285 cr deficit budget tabled in Arunachal

first_imgArunachal Pradesh Finance Minister Chowna Mein on Friday presented a ₹285-crore deficit budget for the 2017-18 fiscal with major thrust on women empowerment, infrastructure development and law and order. Tabling the budget in the Assembly, Mr. Mein said: “The Gross State Domestic Product (GSDP) was estimated to be ₹21,414 crore in 2016-17. The share of central taxes have grown from the actual receipt of ₹7075.58 crore in 2015-16 to ₹ 8388.3 crore in the revised estimates of 2016-17.” Tax revenue “The State’s own tax revenue in the revised estimates of 2016-17 is ₹ 650.63 crore as against the actual receipt of ₹535.07 crore in 2015-16, growing at 21.59 per cent,” he said. “The non-tax revenue receipt in the revised estimates of 2016-17 is estimated at ₹506.79 crore as against an actual collection of ₹392.12 crore in 2015-16, showing a growth of 29 per cent,” he said. In the budget estimate of 2017-18, the State was projecting a revenue receipt of ₹14,599 crore and a capital receipt of ₹ 1,436.75 crore. “This is an increase of over 15 per cent from the budget estimates of 2016-17. Our share of central taxes has been pegged at ₹9,306.34 crore. We have projected the state’s own tax revenue at ₹742.94 crore and the non-tax revenue for 2017-18 at ₹ 536.29 crore,” the Minister said.Referring to the reforms in governance as proposed in the budget, Mr. Mein said the trinity of JanDhan, Aadhar and Mobile would be used for delivery of citizen services and moving towards a cashless and paperless economy.E-Office would be made functional along with computerisation of treasuries and a Chief Minister’s dashboard on an electronic platform to track progress of key products would be created, he said.IT initiatives“For IT initiatives, the budget proposes an allocation of ₹15 crore under the Digital Arunachal scheme,” Mr. Mein said.“The government will roll out a new industrial policy and will develop industrial estates in the foothill districts for which a budgetary allocation of Rs 15 crore has been proposed,” he said, adding an amount of₹10 crore has been proposed for developing a food park at Tippi in West Kameng districtlast_img

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