CM assures balanced budget despite crisis
PTI, PANAJI | 20 February 2013 21:24 IST

Goa government's forthcoming budget will be balanced although the state is witnessing financial strains due to mining crisis, Chief Minister Manohar Parrikar said Wednesday.
The budget, to be presented on March 18, will not have constraints even though the mining crisis is looming large over the state, Parrikar told reporters here.
"There will be enough (of funds) for all the projects. I won't say that I would be able to give more than sufficient but there would be sufficient," he said.
Goa is facing a direct cut down of Rs 1,000 crore in the form of mining royalty collection after the extraction and transportation of ore was banned by the Supreme Court, owing to the allegations of illegal mining.
Parrikar said the strain on state's treasury, due to stoppage of mining activity, is because the current government was busy fulfilling promises made by the erstwhile Congress-led government.
"We are clearing the backlog created by Congress government. But now we are in a sound situation. Next financial year, there will not be a strain," the Chief Minister added.
Drop a comment
Latest News
- Goa loses two veterans: Datta S Naik & Simon D’Souza
- Dr Suresh Amonkar loses Covid battle, 8th death in Goa
- Goa lost a multi-faceted personality; Dr Suresh Gundu Amonkar
- Rajini, Big B & Shankar Mahadevan steal the show as IFFI50 opens
- #IFFI2019 all set for IFFI 50 & also IFFIGoa 15
- Do Goan voters follow the Parties & Leaders?
- Not ‘sacred’, a ‘secret’ vote will dominate
- Babu & Pavaskar merge MGP group into BJP! Why?
- Shocking: Kala Academy ‘purified’ after Parrikar’s funeral Darshan
- Goa police arrest Kenneth for FB post that Parrikar is dead
Budget
- GST may take Goa’s tax revenue up by 25%
- Parrikar assures garbage-free, beggar-free, kerosene-free Goa
- Slogans of Caurem tribals speak louder than their suppressed voice…
- Reduced VATs on sweets, garments, AA canteens in Kejriwal's Budget
- Permission must to cut coconut tree; Agro-Milk-Fish funds doubled
- Once again, Parsekar presents a surplus budget of Rs 159 Cr
- Petrol up nationally; will Parsekar rollback the budget-hike of VAT on petrol?
- Budget Highlights 2016
- More VAT in Goa budget may hike Petrol price
- Miscalculations on Mining pushes Goa into huge deficit of Rs 1000 crore!