Mamata Banerjee government's vote-on-account of Rs 11,165 crore to meet the expenditure requirements for August and September, 2011, was on Monday passed by voice vote in the West Bengal assembly.
Justifying his stand on the earlier vote-on-account passed by former finance minister Asim Dasgupta till July 2011, Mitra, while replying to a debate, reiterated that the state's revenue projections had been highly exaggerated and expenditure 'depressed' in the annual financial statement (AFS).
In the last AFS, the revenue growth was projected at 39%, which was far from real, he said, adding, the focus in the new AFS would be on social and physical infrastructure, human development and neglected regions of the state.
Stating that the state has already increased its share by more than Rs 2,200 crore with the view to avail higher quantum of matching funds from the central government, Mitra wondered why the previous government did not initiate any financial measure to claim higher matching grant from the Centre.
To opposition argument, Mitra questioned the deficit figure of Rs 2 crore as stated in the last four month's vote-on-account presented by the then finance minister Asim Dasgupta.
If that had been the case then why the previous government stopped payment of bills from November, 2010 amounting to Rs 3,500 crore from the treasury, he wondered.
Mitra assured the opposition that a loss of Rs 75 crore by the state government, incurred for slashing 4% VAT on LPG to counter recent petroleum price hike, would be met 'intelligently'.
Giving projection of the present government, Mitra said 34% revenue deficit in 2010-11 as percentage of revenue receipt would be lowered to 25.5% in 2011-12.
Similarly, 3.73% revenue deficit in 2010-11 as percentages of the state domestic product (SDP) would be lowered to 1.58% in 2011-12.
Growth of interest rate would also be lowered to 3.35% in the present year from 9.76% previous year, he said.
He said the state plan expenditure would be raised to 23.90% this year as against 18.03% last year.
Expenses in social service sector would also be enhanced to 40% of the total plan outlay this year, against 36.86% last year, Mitra added.