Budget for balanced growth, Capt Abhimanyu asserts in his reply | punjab | Hindustan Times
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Budget for balanced growth, Capt Abhimanyu asserts in his reply

punjab Updated: Mar 21, 2015 10:52 IST
HT Correspondent
HT Correspondent
Hindustan Times


Haryana finance minister Capt Abhimanyu reiterated on Friday that the budget presented by him for the next year was a budget for growth and balanced development and that the allocations to key sectors had been hiked to keep up the momentum.

Holding the previous government responsible for much of what the Congress is now blaming him for, Capt Abhimanyu, while replying to the debate on his budget proposals in the Vidhan Sabha, addressed the concerns articulated by some MLAs andsought to allay their apprehensions, saying that the proposals would not only spur growth but also ensure balanced distribution of resources across various sectors and regions.

He said that education sector had been given 13.23% more allocation in this budget as compared to last year. Similarly, allocations to health sector had been hiked by 14.45%, social welfare by 16.67%, industries by 25.6% and agriculture and allied sector by 20.49% which was about 60% more as compared to allocation of year 2013-14. In rural development, allocation to infrastructure development had been increased by 22.03% and in urban development by 34.3%.

Referring to the Opposition charge that the revenue deficit was going up and the fiscal deficit not being contained, he blamed the previous government for the same. He said that the projected revenue for year 2014-15 had reduced as only 46.59% of the budget receipts had been collected up to October 2014 when the BJP government took reins of the administration. “`With concerted efforts, we have achieved gross revenue receipts of 83 % so far,” he added.

This year revenue deficit was around `9,500 crore and the government would try to minimise the same in the days to come with better management, utilisation of information technology, computers and curbing the corrupt system. He also thanked all the members for healthy debate on the key issue of borrowings.

Capt Abhimanyu also blamed some of the mess on window-dressing resorted to by the previous government as some expenditure in 2013-14 was postponed to 2014-15.

“When they prepared the budget for 2014-15, they were quite aware of that they were going to face the elections in this financial year. If they wanted to introduce some new schemes involving huge financial expenditure they should have factored those expenditures in the budget itself. Unfortunately, they did not do so and indulged in populism and announced several schemes with financial implications of about `2,025 crore during the course of the year though there was no provision for these expenditures,” he said.


He also told the House that Rakhi Garhi was an ancient site of human civilisation of Harappan era and the state government had planned to set up a museum there and develop the site as a tourist destination.