Parrikar confident of covering deficit of Rs 200 Cr

GOANEWS DESK, PANAJI | 18 March 2013 19:25 IST

Chief minister Manohar Parrikar is confident of covering the revenue deficit of Rs 204 crore and achieve GDP growth of 12 per cent in the financial year, while presenting a budget that reached five-digit mark this year – Rs 10,053 crore.

While presenting his second budget in the Assembly today, Parrikar said he has to present it amidst crisis of mining ban as well as clearing huge amount of backlog of arrears left behind by his predecessor – the Congress.

In spite of this, he plans to spend Rs 2012 crore on social infrastructure and raise the rest of it through private investment.

“My main thrust of this budget is on employment generation and building infrastructure”, he told the media persons after presenting the budget.

He has estimated a total deficit of Rs 1206 crore, with a fiscal deficit of Rs 1365 crore, which also includes capital deficit of Rs 652 crore.

He plans to go ahead with various social security schemes to the tune of Rs 640 crore.

It includes Rs 150 crore for Dayanand Samajik Suraksha Yojana, Rs 100 crore for Ladli Laxmi and Rs 80 crore for Griha Adhar schemes for the housewives.

He has also made a provision of almost Rs 300 crore with various schemes to support the scheduled caste and scheduled tribe section of Goan society.

“I am not estimating more than Rs 100 crore from iron ore mining royalty”, said Parrikar.

He has given more thrust on VAT collection for resource mobilization.

The chief minister has also planned various schemes to the tune of Rs 140 crore for the people who have suffered due to mining pollution as well as destruction of agriculture, health and environment.

Parrikar said his estimates of last year went completely haywire due to mining crisis as well as the arrears he had to pay.

The revenue deficit increased from Rs 83 crore to Rs 375 crore and fiscal deficit zoomed up from Rs 755 crore to Rs 1475 crore.

It included arrears of Rs 1350 crore, out of which the government cleared Rs 860 crore, including Rs 650 crore of PWD, Rs 280 crore of power and Rs 160 crore of retirement scheme.

“There is still the burden of arrears of Rs 450 crore, besides the burden of Rs 600 crore due to mining ban”, said Parrikar.

Though he had estimated 10 per cent GDP growth in last year’s budget, it actually slipped down to 8.94 per cent.

In spite of this, he has increased the budget size by almost 10 per cent with a plan size of Rs 4749 crore. is now on Telegram & also Youtube. Kindly subscribe for free & remain updated.

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