The BJP-led Haryana Government on Tuesday presented its maiden budget for fiscal 2015-16 proposing no new taxes in the State. Finance Minister Capt. Abhimanyu while presenting the first budget of the Manohar lal Khattar government said that “The total expenditure (excluding the repayments) under the budget estimates 2015-16 is projected at Rs69,140.29 crore of which revenue expenditure is Rs61,869.62 crore and capital expenditure is Rs7,270.67 crore. This is an increase of Rs7,690.47 crore and 12.52 per cent over the revised estimates for 2014-15,” he said.
As per budget estimates, total receipts are projected at Rs68,985.87 crore, including Rs52,312.10 crore revenue and Rs16,673.77 crore capital. The revenue expenditure will increase by Rs6,950.52 crore and 12.66 percent and capital expenditure will increase by Rs739.95 crore, an increase of 11.33 per cent over the revised estimates 2014-15,” said the Finance Minister.
The projected revenue deficit for the fiscal 2015-16 has been put at Rs9,499.96 crore while it was projected at Rs5,012.57 crore in 2014-15. The State Finance Minister said, “Our Government does not view the budget as a mere exercise of presenting the statement of Government receipts and expenditure of a given year.”
“We shall leverage our strategic location and demographic advantage to create ample opportunities for growth for all citizens of Haryana,” he said adding the BJP Government believes firmly in the philosophy of “Antyodaya” and shall work untiringly for the social and economic upliftment of the poor and the deprived.