BJP government in Haryana to present its irst budget in March
The BJP government in Haryana will present its first budget and a white paper on the state of finances in the assembly session beginning March 5.punjab Updated: Feb 16, 2015 19:53 IST
The BJP government in Haryana will present its first budget and a white paper on the state of finances in the assembly session beginning March 5.
The decision to hold the budget session was taken in a state cabinet meeting, presided over by chief minister Manohar Lal Khattar here on Monday.
The new government, which took over the reins in October 2014, has been critical over the manner the previous Congress regime squandered the public exchequer money, leaving little fiscal room for the successive regime.
In the state's last budget presented in February 2014 by the Congress regime, the revenue deficit was Rs 5612 crore (as per the revised estimates) primarily due to the pre-poll munificence shown by the Congress government. Then finance minister HS Chatha, who presented the 2014-15 budget, had estimated revenue expenditure to the tune of Rs 52,702 crore, a hike of Rs 6479 crore over the budget estimates he presented for 2013-14 fiscal.
In comparison, the revenue receipts in 2014-15 were expected to register an increase of Rs 3909 crore. The ever-rising rural electrification subsidy bill, a major drain on the state exchequer, was also estimated to swell further in 2014-15 to Rs 4495 crore as compared to Rs 4260 crore in 2013-14.