DIMAPUR, March 17 � Nagaland Chief Minister TR Zeliang presented the Vote on Account for 2015-16 seeking withdrawal of Rs 3,868.16 crore from the consolidated fund of the State to defray the expenses of the State government during the period from April 1 to July 3, 2015, on the first day of 12th session of the Nagaland Legislative Assembly today.
The amount sought to be passed in the Vote on Account is approximately one third of the estimated expenditure for the FY 2015-2016. As per estimates, the total receipts for the current year has been placed at Rs 11,754.29 crore and the total expenditure at Rs 11,578.91 crore, reflecting a positive balance of Rs 175.38 crore in the consolidated fund of the State, which is set to be wiped off by a deficit of Rs 175.38 crore in the Public Account. The year 2015-16 is estimated to close with a deficit of Rs 1,252.85 crore, at the same level as the closing balance of 2014-15.
The General Discussion and voting on the Vote on Account will be held on March 19.
Zeliang, who also holds the Finance portfolio, said that the Governor could not address the Assembly as the presentation of a full Budget has been deferred to the next Budget session due to non-finalisation of the State�s Plan with the Government of India.