Rajasthan: Vasundhara Raje presents Rs 20609 crore deficit budget

Date : Mar 11, 2015

Rajasthan Chief Minister Vasundhara Raje presented her second budget of current tenure on Monday with an estimated fiscal deficit of Rs.2,0609 crores which is 2.99 per cent of the GDP.

She expects own tax revenue to increase by 18 per cent compared to previous fiscal year. It is 6.84 per cent of GSDP. Interest liability has been pegged at Rs.11962 crores which is 10.74 per cent of total revenue receipts.

The focus of the budget has been to carry forward and start executing proposals that she made last year. This include simplifying and computerising procedures for ease of business, roads, education, drinking water and health sector. Tourism and heritage are her clear priority areas. Crucial business areas including real estate and hotels have been given rebates in taxes, fees and stamp duties, as applicable to them.

She expects Prime Minister Narendra Modi at Resurgent Rajasthan that is will take place in Jaipur in November.

She promises that works on improving road network will start in a big way this year.

The heavy accumulated debt of Rs.7,7000 crore in power sector is proposed to be dealt with by some hard measures which include greater autonomy to distribution companies.

The budget lacked references to some of the crucial projects and schemes that were expected to come up in view of lack of guidelines from the centres about these.

A number of schemes and projects have to be re-looked at after centre increased devolution of funds to the states by shifting some schemes to the state or scrapping others.

Source And Courtsey By :- http://indiatoday.intoday.in/story/rajasthan-vasundhara-raje-presents-rs-20609-crore-deficit-budget/1/422951.html