State Finance Minister Indira Hridayesh has presented a Rs6915.97 crore deficit Budget in the Vidhan Sabha on Monday. As per the Budget, the Government is planning to spend Rs32693.64 crore against the revenue receipt of Rs25777.67 crore in the financial year 2015-16. The State will spend Rs21,059.15 crore under the head of non-Plan expenditure and Rs11,634.49 crore under the head of plan expenditure. It means that the State Government is going to spend 64.42 per cent under non-Plan head, which includes salary and establishment and the remaining 35.58 per cent under plan head. This implies development would suffer, according to the observers.
“If we make comparison with the ongoing financial year 2014-15 then the state government has allocated 12.76 per cent more in next financial year,” the State Finance Minister said. As per the Budget estimate, the State Government has estimated that they would make revenue receipt of Rs25,777.67 crore. In it, they would generate Rs14,989.57 crore through tax revenue and remaining Rs10,788.11 crore through non-tax revenue. However, the State Government is expecting that the figure would reach up to Rs32,310.07 crore as total receipt in the year 2015-16.