CM tables Rs 1300 CR deficit budget

Syllad | The Rising MeghalayaMarch 12, 2019

SHILLONG: Chief Minister Conrad K Sangma today presented a deficit budget of Rs 1323 crore for 2019-20.

Giving budget speech in the Assembly here on Tuesday, Sangma said for 2019-20, he has estimated the total receipts at Rs 16,199 crore, of which the revenue receipts are estimated at Rs 14,438 crore and capital receipts at Rs 1,761 crore. Excluding borrowings of 1,736 crore, he said the total receipts are estimated to be Rs 14,463 crore.

On the expenditure side, Sangma’s said, “I have estimated the total expenditure at Rs 16,202 crore, of which the revenue expenditure is estimated at Rs 13,700 crore and capital expenditure at Rs 2,502 crore. Excluding repayment of loans of Rs 416 crore, the estimated total expenditure is Rs 15,786 crore.”

He said, interest payments for 2019-20 are estimated to be at Rs 746 crore and pension payments at Rs 855 crore.

“I am, therefore, presenting the budget of 2019-20 with a fiscal deficit of Rs 1323 crore, which is around 3.65 % of the GSDP,” the CM said