Chief Minister Raman Singh on Monday presented State Annual Budget estimate of Rs 76,032 crore for the fiscal 2017-18 in the Chhattisgarh legislative Assembly.
Gross fiscal deficit is estimated at Rs 9,647 crore, which is 3.49 percent of GSDP while revenue surplus is estimated at Rs 4,781 crore, he informed in his budget speech.
The revenue expenditure is estimated at Rs 61,313 crore while capital expenditure at Rs 14,454 crore. The highest component of expenditure at 41 per cent is for Social Sector Expenditure and 36 per cent for development of scheduled tribe areas, he said.
Welfare of poorest of the poor and inclusive growth; creation of development opportunities through infrastructure building and stregthening of human capital; digital inclusion and good governance are the highlights of the budget, Singh said.
The Chief Minister reaffirmed his commitment to the poor, the farmers, women, youth, the deprived sections of the society by introducing many pro-poor welfare measures.
The Estimated Revenue receipt is Rs 66094 crore, which includes the central share of centrally sponsored schemes i.e. Rs 14,101 crore. With an estimated growth of 6.6 percent in tax revenue and 3.8 percent in non-tax revenue, the total growth in state's own revenue is 6 percent, he said.
The estimated expenditure is 7.58 percent higher than the revised estimate of 2016-17, Singh said.
Due to plan and non-plan merger in central budget, the budget estimate of 2017-18 is classified as revenue expenditure and capital expenditure only, he said.
Total revenue expenditure estimated is Rs 61,313 crore and total capital expenditure is Rs 14,454 crore. Capital expenditure is 19 percent of the total expenditure, he said.