IMPHAL, June 26: Along with commencing the 11th Session of the 10th Manipur Legislative Assembly today at 11 am with Speaker Th Lokeshwar presiding over it, Chief Minister Okram Ibobi Singh who also holds the portfolio of Finance tabled Rs 581 crore deficit-Budget Estimates 2015-16 in the House.
While presenting the Budget as the third agenda of the House, CM Ibobi who is also the Leader of the House stated that for 2015-16, the total receipt is estimated at Rs 9602.19 crores. The revenue receipts are estimated at Rs 8657.85 crores and capital receipts at Rs 944.34 crores.
The CM disclosed that total estimates of state`™s own tax and non-tax receipts assumed in the Budget Estimates are Rs 671.16 crores and Rs 219.42 crores respectively and these estimates have been framed keeping in view of the past trends of receipts and the potential resources that could be available during the year.
“Receipt from the state`™s share in Central Taxes & Duties is estimated at Rs 3238.08 crores during 2015-16, as per central Budget. Non-Plan grants from the centre are estimated at Rs 2121.81 crores. Plan Grants including CSS/CPS for the current fiscal is estimated at Rs 2407.38 crores. The net budgetary borrowing is estimated at Rs 581 crores based on the ceiling prescribed by the Ministry of Finance. This will include receipts from market loans, institutional loans and net receipts in the public account of the state. We are not proposing any changes in rates of taxes and duties`™`™, he continued.
On the Expenditure Estimates for the year 2015-16, Ibobi said, “™I am proposing a total expenditure of Rs 9728.61 crores out of the Consolidated Fund of the state. Out of this, Rs 5576.30 crores is under Non-Plan, Rs 3954.88 crores under State Plan and Rs 197.43 crores under Centrally Sponsored Schemes (CSS) and Central Plan Schemes (CPS).
He maintained that out of the total expenditure, an amount of Rs 892.51 crores is Charged expenditure and the remaining amount of Rs 8836.10 crores is Voted expenditure. Total Revenue Expenditure is estimated at Rs 8038.27 crores while Capital Expenditure is estimated at Rs 1690.33 crores, which is 17 percent of the total expenditure.
`Under the Non-Plan Revenue Account, the total expenditure is projected at Rs 5163.74 crores during 2015-16. There is a 3 percent decrease in expenditure over 2014-15 (RE). This is consistent with our policy of controlling recurring and unproductive expenditure. The non-plan expenditure includes salary expenditure of Rs 2722.43 crores, pension of Rs 963.66 crores and interest payment of Rs 463.34 crores, among others`™`™, the CM explained.
`Against the total outlay of Rs 3950.92 crores, the sector-wise allocations are Agriculture & Allied Activities `“ Rs 230.68 crores; Rural Development `“ Rs 683.30 crores; Special Area Porgramme including Border Area Development Programme `“ Rs 34.10 crores; Irrigation & Flood Control `“ Rs 384.20 crores; Energy `“ Rs 173 crores; Industry & Minerals `“ Rs 34.45 crores; Transport `“ Rs 156 crores; Science & Technology and Environment `“ Rs 50.56 crores; General Economics Services `“ Rs 576.01 crores; Social Services `“ Rs 1474.75 crores; General Services `“ Rs 147.15 crores and others `“ Rs 6.73 crores. The sector-wise allocation have been made keeping in view the need to provide adequate funds for the ongoing SPA projects, delinked centrally Sponsored Schemes, particularly modernization of police force and BRGF, and committed liabilities of projects taken up under the 13th FC award such as renovation and maintenance of Raj Bhavan and Khuman Lampak Sports Complex, among other`™`™, Ibobi further elaborated.