CM Parrikar’s Rs 17123-crore Goa budget

Goa Chief Minister Manohar Parrikar presented a  Rs 17,123-crore budget for 2018-19 in the state assembly on Thursday. It marks an increase of  6.84 per cent that stresses on job creation and education.

Parrikar returned to Goa on Thursday afternoon, surprising many, after undergoing treatment at Lilavati hospital in Mumbai for a pancreatic ailment.

The CM chaired a cabinet meeting, tabled the budget and and witnessed the passage of vote-on-account for five months. His speech in the house lasted only five minutes.

Parrikar added that due to his ill health, he could not present an elaborate budget. Before the end of the current financial year, he would be making a supplementary statement.

This year’s budget session has been curtailed to four day due to Parrikar’s illness.

Rs 17,123.28 crore is the gross total budgetary expenditure for the coming fiscal as against Rs 16,027.01 crore for 2017-18, an increase of 6.84 per cent.

While the capital account is Rs 4,218.25 crore. The total estimated expenditure on revenue account is Rs 11,795.40 crore. Capital account expenditure has seen an increase in allocation by 10.70 per cent as against Rs 3,808.72 crore last year.

Parrikar indicated that according to the annual financial statement for the FY 2018-19 a revenue surplus for the 5th year in succession has been noticed. “The revenue surplus is estimated at Rs 144.65 crore,” he said.

Rs 548.89 crore has been allocated under the heads of industry, labour and employment and IT to focus on generating employment. Rs 2,445 crore has been allocated for the education sector (including medical education).

The CM informed that a fiscal deficit of Rs 763.68 crore has been witnessed due to Public debt receipts which are estimated at Rs 1,769.22 crore.

The gross state domestic product (GSDP) for 2017-18 has gone up 10 percent compared to the previous year. It currently stands at Rs 70,257 crore, according to the Economic Survey 2017-18. The total public debt is estimated at Rs 13,937.37 crore. The public debt to GSDP ratio is 18.06 per cent.

Information credit: PTI