The State government has come up with some confidence boosting figures coming from the fiscal side. As per the financial account prepared by Jharkhand AG, revenue collection status in Jharkhand is 28.75 per cent more in financial year 2015-16 in comparison to the previous year, said Development Commissioner cum Additional Chief Secretary, Finance, Amit Khare on Thursday.
Khare said that financial account and appropriation account of 2015-16 were tabled in Jharkhand Assembly on Wednesday. In 2014-15, the revenue deficit was Rs 230.34 crore, whereas in 2015-16 revenue surplus mounted to Rs 4085.53 crore which is 1.80 per cent of the total GSDP.
The Development Commissioner said that as per the AG report Rs 40,638.36 cr has been collected in 2015-16, which is Rs 9073.80 cr more than the last year’s collection. In the financial year 2014-15, Rs 40,041.50 cr was spent, whereas in 2015-16, Rs 54,437.27 cr was spent. Rs 5,553.37 cr loan taken under UDAY scheme is included in the total collection of Rs 13,767.85 cr.
The Development Commissioner said that in the financial year 2015-16, Rs 31,287.07 crore has been expensed under planned expenditure, which is 69.91 per cent more than planned expenditure of 2014-15. Without UDAY scheme also, the increment rate is 37.28 per cent. He said that in 2015-16, the Capital Expenditure was Rs 15,494.05 crore, which is more than double of 2014-15 Capital Planning Expenditure of Rs 6,309.46 crore rupees. The fiscal deficit also decreased from 3.32 per cent of the GDP in 2014-15 to 2.64 per cent in 2015-16 (except UDAY scheme).
As per the directive of Govt. of India, the loan taken for UDAY scheme of Energy Dept. should not be included in fiscal deficit.