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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The survey paints an optimistic future, but sees little scope for a bang

    The Economic Survey, which comes out a day before the Union budget, is widely regarded as its forerunner, an indicator of things to come 24 hours late

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schoettli

The hidden attractions of Japan

We live in the Asian century. During the past two ...

Zehra Naqvi

Star power

Being a part of the generation that gorged on Shah ...

Bubbles Sabharwal

The waking moment decides the day

There was a little girl/ Who had a little curl/ ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture