Friday, February 28, 2014

Haryana FM Chattha present tax free budget

by Haryananewswire
CHANDIGARH, FEB 28
Haryana Finance Minister  Harmohinder Singh Chattha today presented a tax free budget of Rs. 32,731 crore for the year 2014-15  during the ongoing Budget Session of  Haryana Vidhan Sabha with an increase of 35.35 per cent in the planned budget.
          Later, while interacting with the media persons in the press lobby of Vidhan Sabha, Mr. Chattha gave information about the important aspects of the Budget. Parliamentary Affairs Minister Mr. Randeep Singh Surjewala, Transport Minister Mr. Aftab Ahmed, Principal Secretaries to Chief Minister Mr. S.S Dhillon and Dr. Khandelwal, Additional Chief Secretary, Finance Mr. Rajan Gupta and Director General, Information, Public Relations and Cultural Affairs Department Mr. Sudhir Rajpal were also present on this occasion.
          Mr. Chattha, who presented the Budget for the third consecutive year described the Budget as Surplus Budget.
          While giving details about the Budget on the behalf of Mr. Chattha, Mr. Randeep Singh Surjewala said that  the planned budget this year is 5,539 crore higher as compared to that of  last year whereas last year, the budget of Rs. 24,182 crore was presented. Despite economic slowdown, the State Gross Domestic Product (SGDP) remained 6.9 per cent whereas the national rate remained 4.9 per cent. He said that the Budget reflects the strong base of the State’s economy and wise collection of resources.
          He said that the per capita income at current prices which was Rs. 1, 20,352 in the year 2012-13 increased to Rs. 1,35,007 in the year 2013-14 which reflected an increase of 12.18 per cent. In the year 2013-14, financial resources of Rs. 51,649 crore were mobilized whereas for the year 2014-15, it was estimated Rs. 59,173 crore. The total revenue collection is expected to increase by 14.57 per cent thus Haryana is a leading State in this regard.
          He said that the total planned expenditure on account of development in the year 2014-15 is estimated to be Rs. 59,541.3 crore which is 11.02 per cent higher as compared to Rs 53,548 crore of the previous year. Similarly, the tax revenue collection of Rs. 34,384 crore was estimated which was Rs. 30,234 crore during the last year.  It  is estimated to be increased by Rs 4100 crore which is an indicator of efficient management  according to the provisions of  financial accountability  and Budget Management Act. Therefore, this could be called as a zero deficit budget.
          Mr. Surjewala said that the budget of the year 2014-15 would be of Social Inclusion Scheme. A provision of about Rs. 2560 crore has been made for old age allowance, widow and disabled pension which is  Rs 759 crore more than that of last year. Similarly, a provision of Rs. 4500 crore has been made for the farmer’s subsidy. He said that Chief Minister Mr. Bhupinder Singh Hooda has given opportunity to people of every section of society to become a part of governance.
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