Govt presents Rs 13,733.62 cr Budget Estimates
DIPR IMPHAL, 5th Feb:
On the second day of the 4th session of 11th Manipur Legislative Assembly, deputy chief minister and finance minister Y Joykumar presented the Budget Estimates, 2018-19 of Rs 13,733.62 crore on Monday.
Presenting the budget estimate, finance minister Joykumar said that the government is putting additional thrust in the social service sector in the current and next financial year. Besides, MLA Local Area Development Fund has been increased from Rs 1 crore to Rs 2 crore per annum and Rs 120 crore each for the current and next fiscal has been kept reserved for the purpose, he added.
The finance minister said that the presentation of Budget Estimates for the year 2018-19 was with a total receipts estimated at Rs 13,733.62 crore which includes revenue receipts of Rs 12,648.94 crore and capital receipts of Rs 1084.68 crore. The total estimates of State’s own tax and non-tax receipts assumed in the Budget Estimates are Rs 1047.58 crore and Rs 248.53 crore respectively.
Stating that the government is not proposing any change in the existing tax rates, the minister said receipt from the state’s share in Central Taxes and Duties is expected to increase by 15% over 2017-18 Revised Estimate and have been estimated at Rs 4908.76 crore in the budget estimates.
The minister proposed the Expenditure Estimates for the year 2018-19 with a total gross expenditure of Rs 13,731.04 crore out of the consolidated fund of the state, which shows an increase of 3.68 % over 2017-18 revised estimates of Rs 13,243.67 crore. Out of the total gross expenditure, an amount of Rs 1002.82 crore is Charged expenditure and the remaining amount of Rs 12,728.22 crore is Voted Expenditure and the Total Revenue Expenditure is estimated at Rs 11,123.82 crore.
With the available headroom, the developmental/capital outlays/expenditure for the current year has been revised from Rs 4972.07 crore in the Budget Estimates to Rs 5388.82 crore in the Revised Estimates showing a growth of 8 per cent. The Budget Estimates also proposed an outlay of Rs 6039.07 crore showing an increase of 12 per cent over the revised estimates 2017-18. It includes central share of Rs 4152.56 crore under various Centrally Sponsored Schemes.
Joykumar said that the government accorded highest priority to social services sector during the current and ensuing year with an allocation of Rs 2060.19 crore during 2017-18 and Rs 2236.82 crore during 2018-19, constituting 38.23 per cent and 37.03 per cent of the total developmental outlay during 2017-18 and 2018-19 respectively. Outlays for rural development is estimated at Rs 878.91 crore and Rs 1569.15 crore constituting 16.31 per cent and 25.98 per cent of the total outlay during the current and next fiscal respectively.
Water resources sector with allocation of Rs 683.38 crore constituted 12.68 per cent of the outlay during the current fiscal and this is estimated to come down to Rs 386.75 crore during the next fiscal. Transport and agriculture & allied sectors together constituted 14 per cent and 12 per cent of the outlays during the current and next fiscal.
Provisions for skill development under Pradhan mantra Kaushal Vikas Yojana (PMKVY) is placed at Rs 24.99 crore and Rs 49.99 crore during the current and next fiscal respectively. For enhancing skill development infrastructure, a sum of Rs 4.72 crore and Rs 9.37 crore have been earmarked during 2017-18 and 2018-19 respectively. A sum of Rs 2 crore each have been provided during the current and next fiscal for taking up various skill development training programme. Besides, a sum of Rs 30 crore each have been provided in 2017-18 and 2018-19 to implement ‘Start Up’ policy to enable youths of the state to take up new ventures.
In the health sector, Rs 4.81 crore and Rs 10 crore have been provided in the RE 2017-18 and BE 2018-19 for implementation of ‘Chief Ministergi Shotharabasingi Tengbang’. Rs 10 crore and Rs 20 crore have been earmarked for ‘Chief Ministergi Hakshelgi Tengbang for the current and next fiscal respectively.
During 2017-18, Rs 118.52 crore and Rs 4.28 crore have been earmarked as Central and State share for Pradhan Mantri Awas Yojana (Rural) while Rs 187.37 crore and Rs 6 crore have been earmarked as central and state shares respectively for 2018-19. For urban housing, Rs 158.57 crore and Rs 254.09 have been earmarked during current and next fiscal as central share for PMAY-Urban. An amount of Rs 5 crore for procurement of GI sheets for distribution to tribal people has been earmarked for the current fiscal.
In order to mitigate the impact of recurring floods, the allocation for flood control has been increased from Rs 12.16 crore in the BE 2017-18 to Rs 64.24 crore in the RE 2017-18 reflecting an increase of four times. Rs 10 crore each have been provided in the current and next fiscal for construction of rain water harvesting structures to stock water for domestic and irrigation purposes in the hill areas.
In addition to the PMGSY funds for rural road development project, a sum of Rs 400 crore each for the current and next fiscal have been provided for improve road connectivity in hills and valley districts. A sum of Rs 4.20 crore during 2017-18 has been earmarked for repairing, renovation and maintenance of Khuman Lampak Sports Complex for starting classes of National Sports University while keeping apart Rs 20 crore in 2018-19 for installing flood light at Khuman Lampak Sports Complex & Luwangsangbam Cricket Stadium. A provision of Rs 2.58 crore and Rs 5 crore have been provided during the current and next fiscal respectively towards sports incentive awards.
Budgetary provisions of Rs 14.10 crore and Rs 12 crore have been made during 2017-18 and 2018-19 respectively for development of various tourism infrastructure. Rs 3 crore has also been earmarked during the next fiscal for development of a heritage park.
Rs 19 crore and Rs 10 crore have been earmarked in the current and next fiscal respectively for development of infrastructure in the newly created seven districts. Additional allocation of Rs 10 crore each have been made in 2017-18 and 2018-19 respectively for construction of SDO/BDO offices. Rs 25 crore each have been earmarked in the current and next fiscal for construction of hostels in hill districts to provide accommodation to doctors and teachers posted in remote areas. Rs 5 crore and Rs 10 crore have been earmarked in 2017-18 and 2018-19 respectively for construction of transit accommodation for ministers, MLAs and officers at Mantripukhri and Rs 15 crore has also been earmarked for acquisition of land for the purpose.
Rs 35 crore each have been earmarked in the current and next fiscal for construction of women markets in Ukhrul, Chandel, Tamenglong, Churachandpur, Senapati, Kangpokpi and Jiribam districts have been earmarked. The total outlay proposed for education sector is Rs 481.18 crore and Rs 476.97 crore respectively of the total developmental outlays during 2017-18 and 2018-19. Rs 191.50 crore and Rs 183.50 crore have been earmarked during the current and next fiscal for power sector Joykumar further stated that Capital outlay was estimated at Rs 2252.89 crore. Though the capital outlay in budget estimates 2018-19 reduced vis-à-vis the revised estimates, it is still more than the Rs 2066.19 crore budget estimates for the year 2017-18.
He also highlighted the likely fiscal position during the current year with an estimate of surplus revenue account. Fiscal deficit was estimated at (-) Rs 612.41 crore that is 2.32 % of the GSDP and is within the prescribed limit 3.5% fixed as per the State Fiscal Responsibility and Budget Management Act. The total outstanding debt is projected at 37.34% of GSDP during 2018-19 against revised estimates of 38.25 %.
Pertaining to Revised Estimates 2017-18, the finance minister said that the government had placed the total gross expenditure at Rs 12,420.65 crore in the Budget Estimate. This has been revised to Rs 13,243.67 crore showing an increase of Rs 832.02 crores. Out of the Revised Estimates, an amount of Rs 915.72 crore is Charged expenditure under the Consolidated Fund of the state and the remaining amount of Rs 12,327.95 crore is Voted expenditure.
Revenue receipts and Capital receipts was estimated at Rs 11,096.25 crore and Rs 1414.35 crore respectively in Budget Estimates 2017-18. This has been revised to Rs 12,025.33 crore and Rs 1031.57 crore respectively in the next fiscal.