IT News
Imphal, Feb 21:
Chief Minister N. Biren Singh, also in charge of Finance Ministry today presented Budget estimate of Rs. Rs. 35022 crores on the 3rd sitting of the 3rd session of the 12th Manipur legislative Assembly which began on February 2.
Presenting the Budget estimate Chief Minister N. Biren Singh said that the total receipts are estimated at Rs. 34131 crores. The revenue receipts are estimated at Rs. 27547 crores and capital receipts at Rs. 6584 crores. Total estimates of State’s own tax and non-tax receipts are Rs. 3200 crores and Rs. 400 crores respectively.
“For the year 2023-24, I am proposing a total expenditure of Rs. 35022 crores out of the Consolidated Fund of the State”, N. Biren Singh who is also in charge of Finance said.
He added that the total Revenue Expenditure is estimated at Rs. 20292 crores. Capital outlay is estimated at Rs. 10013 crores.
N. Biren said that the Budget deficit is estimated at Rs. 891 crore, which is a reduction from last year’s budget deficit of Rs. 1230 crore.
“We will continue to consolidate our finances. Fiscal deficit is estimated at Rs. 2760 crores. This is 6.1 % of the GSDP. During 2023-24, the total outstanding debt as a percentage of GSDP is projected at 39.93 %. The Gross State Domestic Product (GSDP) for 2023-24 is estimated at Rs. 45145 crores.
