Hot Topic-Series III- Topic 1: Bihar Budget 2012~revenue surplus budget   Leave a comment

Madhubani painting by Bharti Dayal

Image via Wikipedia

A revenue surplus budget of Rs 78,686.83 crore for 2012-13 for Bihar with thrust on agriculture and education, increasing taxes on Works contract, vehicle tax, VAT on tobacco products and brick-kilns was on Friday presented by Deputy Chief Minister S.K. Modi, who is also the finance minister.

Mr. Modi said for 2012-13 the revenue surplus is Rs 7088.59 crore and will be used for investment in physical infrastructure, generating productive capital assets like roads, buildings, power, schools, health centres and irrigation schemes.

The fiscal deficit for 2012-13 is Rs 7569.43 crore, which is 2.87 per cent of the GSDP. The fiscal deficit to GSDP has been limited to three per cent as per FRBM Act.

The net borrowing for 2012-13 has been limited at Rs 7916 crore by the Government of India and the GSDP estimate arrived at for the year is in accordance with 13th Finance Commission recommendations.

The public debt is estimated to be Rs 59,732.81 crore which is 22.64 per cent of GSDP, he said.

The department-wise allocation for the state plan for 2012-13 is Rs 3670.26 crore for education, Rs 3613.63 crore for road construction, Rs 2192.47 crore for water resources, Rs 2118.40 crore for social welfare, Rs 2001.75 crore for energy, Rs 8663.37 crore for planning and development, Rs 1661.78 crore for rural works, Rs 1574.84 crore for rural development, Rs 1200 crore for agriculture, Rs 1186.00 crore for panchayati raj and Rs 6917.50 crore for others.

Credits: The hindu; Timesofindia, Mauryatv, DD-Bihar.

Budget speech in hindi and english can be downloaded here:

http://finance.bih.nic.in/Budget/Budget-Speech.pdf

 

एक उत्तर दें

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / बदले )

Twitter picture

You are commenting using your Twitter account. Log Out / बदले )

Facebook photo

You are commenting using your Facebook account. Log Out / बदले )

Google+ photo

You are commenting using your Google+ account. Log Out / बदले )

Connecting to %s

%d bloggers like this: