Bhopal: Madhya Pradesh Finance Minister Jayant Malaiya today presented in the State Assembly the budget for the financial year 2018-19 with a fiscal deficit of Rs. 267802.5 million.
The fiscal deficit of Rs. 267802.5 million is within the prescribed – 3.25 % limit of the Madhya Pradesh Fiscal Responsibility and Budget Management Act, 2005.
The election year budget, with a Revenue surplus of Rs. 2625.5 million, proposes Appropriation amount of Rs. 20464244 million and total net expenditure of Rs. 1866852. million for the year 2018-19.
Total Revenue Receipts for the year 2018-19 are estimated to be Rs. 1558864.7 million. Components of the Revenue Receipts are as follows:
Rs. 546552.4 million as State’s Own Tax Revenue; Rs. 594899.2 millione as share in Central Taxes; Rs. 109337.8 million as State’s Own Non-Tax Revenue and Rs. 308075.3 million as Grants-in-aid from Central Government.
State’s Own Tax Revenue estimates are 18 percent higher as compared to 2017-18(RE).
Revenue Expenditure increased from Rs. 1344967.6 million (2017-18 RE) to Rs. 1556239.2 million for the year 2018-19.
Capital Outlay of Rs. 310613.2 million is estimated for the year 2018-19 which is 4.24 % higher than Rs. 297980.3 million for the year 2017-18(RE).
Capital Outlay for the year 2018-19 is 3.76 % of the GSDP.
Opening balance for the year 2018-19 was Rs. (-) 809.0 million. Net transactions during the year are estimated to be Rs. 13.43 million. Hence, closing balance at the end of the year is estimated to be Rs. (-) 674.7 million.
Budget estimates for Scheduled Tribe sub-Scheme is Rs. 274745.7 million for the year 2018-19.
Budget estimates for Scheduled Caste sub-Scheme is Rs. 187347.1 million for the year 2018-19.
Leaning heavily in the interest of the agriculture sector and farmers, the Budget proposes:
Provision of Rs. 374980 million for ‘Krishi’ Budget.
Provision of Rs. 36500 million for ”Mukhya Mantri Krishak Samriddhi Yojana’.
Provision of Rs. 20000 million for “Prime Minister Crop Insurance Scheme”
Provision of Rs. 10000 million for ‘Mukhya Mantri Bhavantar Yojana’.
Provision of Rs. 4180 million for Rashtriya Krishi Vikas Yojana.
Provision of Rs. 3820 million for National Food Security Mission.
Provision of Rs. 1230 million for Rashtriya Krishi Vistar Yojana.
Provision of Rs. 650 million for Sub Mission on Agriculture extension (ATMA).
Provision of Rs. 580 million for Sub Mission on Seed and Planning Material.
Provision of Rs. 510 million for subsidy on Tractor and agricultural equipment.
Bhopal: The ruling Bharatiya Janata Party candidates were trailing behind their main rivals of the Congress at the end of the fifth round of countibg of votes for the Kolaras and Mungaoli Assembly seats in Madhya Pradesh.
In Mungaol,i congress was leading by 3896 votes after 13 rounds.
In Kolaras, congress leading by 3425 votes after 10 rounds.
Even as counting was on, State Chief Minister Shivraj Singh Chouhan said both these seats were won by the Congress party with a huge margin when the BJP had swept the 2013 Assembly election. This time the BJP has performed much better in both these constituencies, he added.
Leader of Opposition in the State Assembly, Ajay Singh took a dig at the ruling party by saying: “the BJP cannot win two seats but it is claiming that it will capture 200 seats in the forthcoming Assembly election.”
Bhopal: Madhya Pradesh Governor Anandiben Patel delivered her first address to the Madhya Pradesh Assembly in the backdrop of noise and din created by the main Opposition Congress MLAs on the first day of the month-long Budget Session that began today.
Ms. Patel said that her government will walk in tandem with the Modi Government at the Centre. Underscoring the achievements of the state government, she said that it would stay focused and continue to engage itself in development related works in the coming fiscal.
The Congress MLAs were unrelenting in their protest while the Governor kept delivering her address. the Opposition onslought was on the issue of the farmers’ and prevailing water crisis.