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CM presents budget for 2016-17

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The Chief Minister of Manipur, Okram Ibobi Singh has presented the full budget of the Government of Manipur.
Before the house, O Ibobi Singh, who also holds the Finance portfolio, placed the budget estimates for 2015-16 at Rs 9728.61 crores, which has been revised to Rs 10293.03 crores showing increase of Rs 564.42 crores.
Out of the Revised Share for Centrally Sponsored Schemes (CSS) as part of the Central assistance to State Plan started from 2014-15 onwards. Plan expenditure for 2015-16 was placed at Rs 3954.88 crores in the budget estimates which has been increased to Rs 4319.52 crores in the revised estimates.
For 2016-17, the total receipts is estimated at Rs 10499.83 crores, out of which revenue receipts are estimated at Rs 9367.71 crores and capital receipts at Rs 1132.12 crores. Total estimates of State’s own tax and non-tax receipts assumed in the budget estimates are Rs 667.20 crore and Rs 191.22 crores respectively. The capital receipt estimated at Rs 1132.12 crores is based on the likely inflows from various sources of borrowings.
He also proposed a total expenditure of Rs 10518.05 crores for the year 2016-17 (BE) out of the Consolidated Fund of the State, out of which Rs 5948.26 crores is under Non-plan, and Rs 4569.78 crores under plan which includes Rs 2768.83 crores under CSC.
In order to improve on the robust health sector, Rs 5 crores has been earmarked for construction of an Accident Trauma Centre at JNIMS while Rs 2300 lakh is earmarked for construction of 150 capacity Resident Doctor’s (Boys) Hostel at JNIMS. Rs 125.24 have also been provided towards roads and bridges including other transport infrastructure during the fiscal period 2016-17. In order to develop infrastructure for tourist destinations and circuits at different centres, Rs 33.67 crores has been provided.
In all, Revenue account is estimated to be in surplus for the thirteenth consecutive year, fiscal deficit is estimated at (-) Rs. 747.34 crores which is 3.46 % of the GSDP. The total outstanding debt is projected at 39.41 % of the SGDP during 2016-17.

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Imphal Times is a daily English newspaper published in Imphal and is registered with Registrar of the Newspapers for India with Regd. No MANENG/2013/51092


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