Rs 1385 cr deficit budget presented for Assam

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Assam Chief Minister Tarun Gogoi today presented a Rs 1,385.77 crore deficit budget for the state for 2014-15 financial year.

"The Budget estimates of 2014-15 show a receipt of Rs 57,311.39 crore under the consolidated fund of the state."

"Out of this, Rs 52,696.81 crore is on revenue account and the remaining Rs 4,614.58 crore is under capital account," he said, while presenting the budget for the current fiscal.

After adding the receipt of Rs 3,29,365.94 crore under public account and of Rs 50 crore under contingency fund, the aggregate receipts amount to Rs 3,86,727.33 crore, Gogoi, who also holds Finance portfolio, said in his Budget speech.

The total expenditure from the consolidated fund of the state in 2014-15 is estimated at Rs 58,104.54 crore.

Of the total expenditure, Rs 48,631.30 crore is on revenue account while the rest Rs 9,473.24 crore is on capital account.

"Taking into account the expenditure of Rs 3,29,958.56 crore under public account and Rs 50 crore under contingency fund, the aggregate expenditure for the year is estimated at Rs 3,88,113.10 crore.

"Thus, estimated transactions during the year will result in an estimated deficit of Rs 1,385.77 crore," Gogoi said.

This, together with the opening deficit of Rs 972.14 crore, the FY'15 fiscal is expected to end with an estimated closing deficit of Rs 2,357.91 crore, he added.

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