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Arunachal Govt presents Rs 731.40-cr deficit budget

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ITANAGAR, March 4 - Arunachal Pradesh Deputy Chief Minister Chowna Mein, who also holds the Finance portfolio, presented a Rs 731.40-crore deficit Budget for the financial year 2020-21 in the Assembly today.

Presenting the Budget estimates, Mein said revenue receipt of Rs 20594.59 crore and capital receipt of Rs 1385.71 crore have been projected, making a total receipt of Rs 21980.30 crore as against the total receipt of Rs 18726.24 crore in the revised estimates of 2019-20.

The State�s share of Central taxes has been pegged at Rs 13801.59 crore as per the Union Budget for 2020-21 and the projected State�s own tax revenue is projected at Rs 1,316 crore. The non-tax revenue projection for 2020-21 has been pegged at Rs 600 crore, Mein said.

While stating that Arunachal has a fiscal deficit of 3.07 percent of the GSDP in the revised estimate of 2019-20, Mein said that for 2020-21, the State is projecting a fiscal deficit of 2.44 percent of the GSDP (gross state domestic product), which is within the 3.25 percent of the GSDP for fiscal deficit targets as per the Fiscal Responsibility and Budget Management Act.

Highlighting the State Government�s accomplishments in various sectors during the last few years, the Deputy Chief Minister said, �This budget continues to carry the people-centric philosophy adopted by our Government. We aim at efficiently using our resources so that the performance of our State improves in achieving the targets set under each of the Sustainable Development Goals.�

Towards achieving the PM�s goal of doubling farmers� income by 2022, the budget proposed to continue with the Chief Minister�s Sashakt Kisan Yojana with a total allocation of Rs 92 crore for the financial year. The scheme will focus on cash crops, including kiwi, cardamom, orange, apple, walnut, pineapple, etc.

To make the farm community economically strong, the budget proposes to give a top-up of Rs 3,000 per year in terms of farm inputs to each farmer family which registers on the PM Kisan portal, in addition to annual income support of Rs 6,000 being given to them by the Centre under the PM Kisan Yojana. He proposed an allocation of Rs 18 crore with an aim to cover 60,000 farmer families in the State.

Mein reiterated the Government�s commitment to provide external infrastructure to construct the greenfield airport at Hollongi (Itanagar).

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Arunachal Govt presents Rs 731.40-cr deficit budget

ITANAGAR, March 4 - Arunachal Pradesh Deputy Chief Minister Chowna Mein, who also holds the Finance portfolio, presented a Rs 731.40-crore deficit Budget for the financial year 2020-21 in the Assembly today.

Presenting the Budget estimates, Mein said revenue receipt of Rs 20594.59 crore and capital receipt of Rs 1385.71 crore have been projected, making a total receipt of Rs 21980.30 crore as against the total receipt of Rs 18726.24 crore in the revised estimates of 2019-20.

The State�s share of Central taxes has been pegged at Rs 13801.59 crore as per the Union Budget for 2020-21 and the projected State�s own tax revenue is projected at Rs 1,316 crore. The non-tax revenue projection for 2020-21 has been pegged at Rs 600 crore, Mein said.

While stating that Arunachal has a fiscal deficit of 3.07 percent of the GSDP in the revised estimate of 2019-20, Mein said that for 2020-21, the State is projecting a fiscal deficit of 2.44 percent of the GSDP (gross state domestic product), which is within the 3.25 percent of the GSDP for fiscal deficit targets as per the Fiscal Responsibility and Budget Management Act.

Highlighting the State Government�s accomplishments in various sectors during the last few years, the Deputy Chief Minister said, �This budget continues to carry the people-centric philosophy adopted by our Government. We aim at efficiently using our resources so that the performance of our State improves in achieving the targets set under each of the Sustainable Development Goals.�

Towards achieving the PM�s goal of doubling farmers� income by 2022, the budget proposed to continue with the Chief Minister�s Sashakt Kisan Yojana with a total allocation of Rs 92 crore for the financial year. The scheme will focus on cash crops, including kiwi, cardamom, orange, apple, walnut, pineapple, etc.

To make the farm community economically strong, the budget proposes to give a top-up of Rs 3,000 per year in terms of farm inputs to each farmer family which registers on the PM Kisan portal, in addition to annual income support of Rs 6,000 being given to them by the Centre under the PM Kisan Yojana. He proposed an allocation of Rs 18 crore with an aim to cover 60,000 farmer families in the State.

Mein reiterated the Government�s commitment to provide external infrastructure to construct the greenfield airport at Hollongi (Itanagar).

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