The Chhattisgarh Assembly on Tuesday passed the budget for the financial year 2022-23.
Chief Minister Bhupesh Baghel said his government, while working with the spirit of 'Sarvajan Hitay- Sarvajan Sukhay' (for welfare of all, for happiness of all), will deliver on the schemes launched for the welfare of farmers, tribals, youth, women and labourers.
He was answering the discussions on the Chhattisgarh Appropriation Bill, 2022 amounting to Rs 1,12,603 crore.
"The size of the appropriation for the year 2022-23 is Rs 1,12,603 crore. Net expenditure is Rs 1,04,000 crore, revenue expenditure Rs 88,371 crore and capital expenditure is Rs 15,241 crore. While the total receipts are Rs 1,04,000 crore in which revenue receipts is Rs 89,073 crore and capital receipts is Rs 14,927 crore," he said.
"Chhattisgarh's economy is very good when compared to bigger states of the country. The capital expenditure of the state has been continuously increasing and the fiscal deficit is also being reduced continuously as a result of better financial management and discipline," he said.
"This (financial) year there is a situation of revenue surplus in the state. The revenue of the state declined due to the second wave of COVID-19, but better financial management helped us in borrowing less loans. The gross fiscal deficit of the state is estimated at Rs 14,600 crore and total revenue surplus of Rs 702 crore is estimated in the year 2022-23," the CM informed the House.
In the budget, a provision of 33 per cent has been made for the Scheduled Tribes, 12 per cent for the Scheduled Castes, 37 per cent for the social sector and 40 percent for the economic sector, while provision of Rs 20,405 crore has been made for the agriculture sector in the budget, the CM said.
"We have decided to reinstate the old pension scheme for state government staffers and double the yearly MLA local area development fund," he added.
After discussion, the appropriation bill was passed.
After completing the other listed business of the day, Speaker Charan Das Mahant adjourned the budget session of the Assembly sine die, three day ahead of its schedule.
The budget session, in which 10 sittings were held, was scheduled to end on March 25.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU