Assam finance minister tables budget - Eastern Mirror
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Assam finance minister tables budget

By IANS Updated: Feb 07, 2017 10:50 pm

Guwahati, Feb. 7: Considering the vision document of the BJP-led Assam government, state Finance Minister Himanta Biswa Sarma on Tuesday tabled the Budget 2017-18 with a deficit of Rs 2,349.79 crore.

“The Budget estimates show a receipt of Rs 84,732.16 crore under the consolidated fund of state, of which Rs 70,719.61 crore is on revenue account and the remaining Rs 14,012.55 crore is under capital account,” said Sarma while presenting the Budget.

He said the total expenditure from the consolidated fund of state in 2017-18 is estimated at Rs 85,922.69 crore.
In a first, the government has merged the Plan and non-Plan heads to end the discrimination in the budgeting of salaries of Muster Roll and Work Charge employees.

To drive the financial inclusion of tea garden workers, he said they would be paid Rs 5,000 each. “Initially Rs 2,500 will be paid to each tea garden worker who has opened bank accounts and subsequently another Rs 2,500 would be paid to them,” he said.

The government proposed to make one-time payment of Rs 12,000 to each pregnant woman tea garden worker.

The minister proposed to exempt from the luxury tax, hotels and lodging houses, including the home stays, to boost the tourism industry.

The Budget also proposes to increase the production of Muga silk ten times by the year 2016 and allocated Rs. 100 crore for the purpose of developing nurseries and host plantations in 500 hectares of government land, 2,000 hectares in degraded forest areas and 8,000 hectares in private lands during 2017-18 fiscal.

Budget will meet people’s aspirations: Sonowal

Assam Chief Minister Sarbananda Sonowal hailed the state’s annual Budget for 2017-18, which was presented in the state Legislative Assembly today, as a good one that will be able to meet the expectations of the people.

“It is a good Budget. It has been able to address the aspirations of people of both Barak and Brahmaputra valley and hills and plains,” Mr Sonowal said, addressing reporters outside the Assembly.

He said, all sections will be benefitted by the Budget provisions and all sectors will witness accelerated growth.

Sonowal also pointed that opinion of all stakeholders was taken before preparing the Budget, which has ensured that aspirations of all sections have been reflected.

The chief minister urged for cooperation from the people for implementation of the Budget announcements, while also asking the ministers to act in a time-bound manner to deliver the promises made.

Earlier today, state Finance Minister Dr Himanta Biswa Sharma had presented a Rs 2349.79 crore deficit budget for the year 2017-18, the first full-fledged budget of the state coalition government led by the BJP.

By IANS Updated: Feb 07, 2017 10:50:16 pm