Begin typing your search above and press return to search.

Tuki presents deficit budget for 2014-15

By Correspondent
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo

ITANAGAR, July 26 � Arunachal Pradesh Chief Minister Nabam Tuki, who is also the Minister in-charge of Finance, on Saturday presented a Rs 140.02 crore deficit budget for the fiscal 2014-15 without proposing any new taxes. He, however, said that emphasis will be given on plugging the leakages in the tax revenue collection.

�I propose to explore ways to increase non-tax revenue in the State through enhancing the coverage of user charges in State Public Utilities like power, water supply, health, education, road & transport and irrigation,� Tuki said while divulging his government�s policy initiatives during 2014-15 pertaining to welfare as well as fiscal measures. He also proposed to appoint a tax consultant to study and suggest measures for enhancement of tax revenue of the State.

�I give this clarion call of �One Mission � One Arunachal�,� Tuki said in his budget speech that lasted for an hour.

He said, �The Budget estimate has been prepared in consonance with the Medium Term Fiscal Plan of the State in accordance with the recommendations of 13th Finance Commission, and stipulated under the Arunachal Pradesh Fiscal Responsibility and Budget Management Act, 2006.�

He further said, �The Budget Estimate for 2014-15 shows a receipt of Rs 9455.54 crore under the consolidated fund of the State of which Rs 8777.48 crore is on revenue account and the remaining Rs 678.06 crore is under capital account.

The Budget proposes to accord highest priority to social sector with a tentative allocation of Rs 1233.85 crore which amounts to 22.41 per cent of the total budgetary provision during the current fiscal.

With education being one of priority areas of the government, the CM proposed to open a High-Tech classroom in one of the secondary schools in Itanagar and district headquarters in its first phase, make provision of toilets for both boys and girls in all schools of Arunachal Pradesh, besides proposing construction of teachers� quarters in order to ensure their regular presence in their posting places.

He said health being another priority area of his government, ambulance services will be provided in the identified border areas for the benefit of sick, injured and pregnant women, with a plan allocation of Rs 5 crore in the current fiscal. The monthly financial assistance given to disabled persons under the CM�s Disability Pension Scheme has been enhanced from Rs 500 to Rs 1000 from the current financial year.

With the target for creation of one lakh employment opportunities through skill development, the CM proposed allocation of Rs 10 crore in current fiscal, besides proposing setting up of four more ITIs at Mipang, Sagalee, Ziro and Geku.

More in Entertainment
Next Story
Similar Posts
Tuki presents deficit budget for 2014-15

ITANAGAR, July 26 � Arunachal Pradesh Chief Minister Nabam Tuki, who is also the Minister in-charge of Finance, on Saturday presented a Rs 140.02 crore deficit budget for the fiscal 2014-15 without proposing any new taxes. He, however, said that emphasis will be given on plugging the leakages in the tax revenue collection.

�I propose to explore ways to increase non-tax revenue in the State through enhancing the coverage of user charges in State Public Utilities like power, water supply, health, education, road & transport and irrigation,� Tuki said while divulging his government�s policy initiatives during 2014-15 pertaining to welfare as well as fiscal measures. He also proposed to appoint a tax consultant to study and suggest measures for enhancement of tax revenue of the State.

�I give this clarion call of �One Mission � One Arunachal�,� Tuki said in his budget speech that lasted for an hour.

He said, �The Budget estimate has been prepared in consonance with the Medium Term Fiscal Plan of the State in accordance with the recommendations of 13th Finance Commission, and stipulated under the Arunachal Pradesh Fiscal Responsibility and Budget Management Act, 2006.�

He further said, �The Budget Estimate for 2014-15 shows a receipt of Rs 9455.54 crore under the consolidated fund of the State of which Rs 8777.48 crore is on revenue account and the remaining Rs 678.06 crore is under capital account.

The Budget proposes to accord highest priority to social sector with a tentative allocation of Rs 1233.85 crore which amounts to 22.41 per cent of the total budgetary provision during the current fiscal.

With education being one of priority areas of the government, the CM proposed to open a High-Tech classroom in one of the secondary schools in Itanagar and district headquarters in its first phase, make provision of toilets for both boys and girls in all schools of Arunachal Pradesh, besides proposing construction of teachers� quarters in order to ensure their regular presence in their posting places.

He said health being another priority area of his government, ambulance services will be provided in the identified border areas for the benefit of sick, injured and pregnant women, with a plan allocation of Rs 5 crore in the current fiscal. The monthly financial assistance given to disabled persons under the CM�s Disability Pension Scheme has been enhanced from Rs 500 to Rs 1000 from the current financial year.

With the target for creation of one lakh employment opportunities through skill development, the CM proposed allocation of Rs 10 crore in current fiscal, besides proposing setting up of four more ITIs at Mipang, Sagalee, Ziro and Geku.

More in Entertainment
Similar Posts