Rs 1385 cr deficit budget presented for Assam

Tags: News
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.

EDITORIAL OF THE DAY

  • Finance minister has been pragmatic in exempting FIIs from MAT claims

    Good sense has finally prevailed in the government, with finance minister Arun Jaitley announcing the income-tax officials will exempt overseas funds

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Amita Sharma

Examining times for learning

The central advisory board of education in its meeting on ...

Zehra Naqvi

If you bend, you won’t break

There’s an ancient exercise about a green, supple new branch ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture