Chief Minister Raman Singh will present the annual State Budget 2017-18 at the Chhattisgarh legislative Assembly on Monday.
Notably, the Chief Minister after the passing of supplementary budget in Chhattisgarh Assembly on March 3 had stated that including the amount of third supplementary budget, size of State Government's main budget for fiscal year 2016-17 had expanded to Rs 80,202 crore.
It is noteworthy that the main budget of this fiscal year earlier consisted provisions worth nearly Rs 73,996 crores, he had stated.
After the second supplementary of Rs 2801 crore was passed, the budget size expanded to Rs 78,952 crore, Singh said.
Comparing the developmental expenditures of State till December of this fiscal year 2016-17 and expenditures of previous fiscal year in the same time period, had displayed increase of 16 per cent in developmental expenditures, he said.
The Chief Minister said that the third supplementary budget includes estimated planned expenditures of nearly Rs 818 crore, non planned expenditures of Rs 432 crore, capital expenditures of Rs 586 crores, Revenue expenditures of Rs 664 crores.
Singh said that Chhattisgarh is known for its better financial management. Main budget 2016-17 consists an estimate of revenue surplus worth Rs 5,037 crore, which has shrunk to Rs 1880 crore after inclusion of the first, the second and the third supplementary budget.
Fiscal deficit is estimated to be Rs 8,111 crore. After inclusion of the first, the second and the third supplementary budget, deficit of Rs 11,963 crore has been estimated, which will be kept under the prescribed limits through efficient financial management.
Comparing the capital expenditures of State till December of this fiscal year 2016-17 and that of previous fiscal year in the same time period, total increase of 21 per cent in capital expenditures has been recorded, he said.