Today in New Delhi, India
Oct 20, 2018-Saturday
New Delhi
  • Humidity
  • Wind

No upward revision of taxes in Haryana, says Capt Abhimanyu

Live: Haryana finance minister presents budget

chandigarh Updated: Mar 17, 2015 12:33 IST
HT Correspondent
HT Correspondent
Hindustan Times
Haryana finance minister,Capt Abhimanyu,Haryana budget

Haryana finance minister Capt Abhimanyu on Tuesday presented Khattar government's first budget in Chandigarh.


Plan outlay of Rs 25743 crore proposed in Haryana budget for 2015-2016 as compared to Rs 21521 crore in 2014-15( excluding state public sector enterprises and local bodies).

Revenue deficit jumps from estimated Rs 5200 crore to Rs 9449 crore for 2014-15 financial year.

Revenue deficit for 2015-16 pegged at Rs 9557 crore.

Finance minister announces removing value added tax (VAT) on bio fertilizer, reduction of VAT on LED lights, pipe fittings and prefabricated steel structures to 5 %. No upward revision of taxes.

Fiscal deficit estimated to be 3.46% of GSDP in 2014-15 and 3.14 % of GSDP in 2015-16, a cause of concern: FM P.PLAN outlay for social sector increased by 16 % in 2015-16 budget estimates.

Plan outlay for Health and Medical Education increased by about 14%, for Education increased by about 12%, for Women and Child Development increased by about 8% in 2015-16 budget estimates.

Capital expenditure to increase by about 11 % and revenue expenditure by 12% in 2015-16 financial year.

Capt Abhimanyu says revenue receipts will increase by about 15% in 2015-16 financial year.

First Published: Mar 17, 2015 11:17 IST