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Rs 44,387 crore populist budget in Himachal
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SME Times News Bureau | 09 Feb, 2019
Himachal Pradesh Chief Minister Jai Ram Thakur presented a Rs 44,387 crore populist budget for 2019-20 here on Saturday.
The
budget estimate was seven per cent higher than the 2018-19 budget of Rs
41,439 crore, Thakur told IANS after presenting it in the Assembly.
He said, "It is wrong to say the schemes announced in this budget were primarily to attract people for the Lok Sabha polls."
The
revenue receipts are estimated at Rs 33,747 crore and revenue
expenditure Rs 36,089 crore, leaving a revenue deficit of Rs 2,342
crore.
The fiscal deficit is estimated at Rs 7,352 crore in
2019-20, which is 4.3 per cent of the state gross domestic product
(SGDP). The net borrowing will be Rs 5,069 crore and within the limit.
Thakur,
who also holds the finance portfolio, announced 15 new schemes and
strengthening of existing 30 schemes with emphasis on education, women's
empowerment, job creation and tourism.
"As per the advance
estimates, state's economy is expected to grow at 7.3 per cent during
2018-19. The growth rate was 6.5 per cent in 2017-18. The SGDP is
expected to be Rs 1,51,835 crore in 2018-19, which is 11.2 per cent
higher than 2017-18," he said in his speech delivered in Hindi.
Thakur
said an outlay of Rs 7,100 crore has been proposed for the Annual Plan
2019-20, which is 12.7 per cent more than the approved outlay of Rs
6,300 crore for Annual Plan 2018-19.
"There is a provision of 10
per cent reservation for economically weaker sections of the general
category in employment and educational institutions," he announced.
"One
additional LPG refill cylinder will be provided free to the
beneficiaries of "Himachal Grihani Suvidha Yojna" and "Ujjwala Yojna".
Two lakh families will be benefited under the scheme," he said.
To
tackle drug trafficking, the budget has proposed setting up of the Yuva
Navjeevan Board, headed by the Chief Minister. It will not only tackle
trafficking and consumption of narcotics but also help in rehabilitation
of addicts.
A scheme named "Sahara" was started under which a
financial assistance of Rs 2,000 per month will be given to patients
suffering from diseases like Parkinson's, cancer, paralysis, muscular
dystrophy and haemophilia.
The widows below 45 years of age will
be provided reservation for admission into nursing institutions and
Industrial Training Institutes (ITIs). The widows and deserted women
will be provided an increased childcare support of Rs 6,000 per child.
A
scheme for doubling income of farmers through water conservation and
other activities will be launched with the Asian Development Bank's
assistance. The Chief Minister said Rs 708 crore has been recommended
for its first phase.
In the hill state, which is also facing the impact of climate change, a new electric vehicle policy will be introduced.
For
every Rs 100 to be spent by the government, Rs 27.84 will be spent on
salaries, Rs 15 on pension, Rs 10.25 on interest payment, Rs 7.35 on
loan repayment and Rs 39.56 on development works and other activities,
says the budget estimates.
Leader of Opposition Mukesh Aghnihotri, however, said there was no need to launch new schemes.
"What's
the need of new schemes when the existing ones are not getting
implemented due to funds shortage," Agnihotri said. "The budget was also
silent on getting financial assistance from his own government in the
Centre," he said.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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