IMPHAL, June 10 � The Manipur Government today presented the Rs 9,397.78 crore Budget for 2013-14 financial year.
Presenting the full Budget in the Assembly, Manipur Chief Minister O Ibobi Singh said funds would be used new developmental work as well as for completing current projects.
�For 2013-14, the total receipts are estimated at Rs 8990 crore�, says Ibobi while presenting the Budget estimates for the year 2013-14. �This shows an increase of 10.11 per cent over 2012-13 (revised estimate) level of Rs 8165.14 crore�.
Stating that his Government have been making efforts in recent years to improve the tax and non-tax collections, he said total estimate of State�s own tax and non-tax receipts assumed in the Budget estimates are Rs 491.87 crore and Rs 429.77 crore respectively.
Collection from VAT (Value Added Tax) and power, the two largest sources of State revenues, is estimated at Rs 385.88 crore and Rs 171.69 crore respectively, he added.
PTI adds: Rs 40 crore would be used for flood control and anti-erosion schemes and Rs 60 crore for tribal areas inclusive infrastructure growth projects covering 27 development blocks in the hill areas.
He said remaining special plan assistance (SPA) funds would be used for construction of residential quarters for primary teachers and development work in the hill areas.