Assam creates history: State expenditure crosses 70,000 crore mark
First Published: 6th April, 2018 12:53 IST
Assam has created history with the state’s expenditure touching the 70 per cent mark for the first time in 2017-18. Over 70 percent of the total budget allocation was spent
Assam has created history with the state’s expenditure touching the 70 per cent mark for the first time in 2017-18. Over 70 percent of the total budget allocation was spent making it the highest ever. Of the total Rs 99,453 crore budget, the expenditure has been Rs 70,105 crore.
This was disclosed by state Finance minister Dr. Himanta Biswa Sarma yesterday. Significantly, Dr. Sarma also informed that government employees will get their salaries before Bihu.
Meanwhile, describing the high expenditure percentage as historic, Dr Sarma said that the State crossed the Rs 70,000 crore-mark in expenditure with an expenditure growth of 22.12 %. The target is to beat 75% in the next fiscal and 80% the following year, said Sarma. It is also for the first time that the expenditure statement has been tabled on the floor of the House.
It is to be mentioned that more than 97% of the proposals received were approved. The remaining 381 of the 13,542 proposals would be considered in 2018-19, he added.
Dr. Sarma pointed out that expenditure of the government has set new benchmarks each year, crossing Rs 50,000 mark for the first time in 2016-17 and achieving a new milestone in 2017-18 by crossing Rs 70,000 crore mark. He also mentioned that during the last two years the government has increased the state’s expenditure by almost 70 percent compared to expenditure growth achieved in 2015-16.
COMMENTS
TOPMOST STORY NOW
Live Arrest of PAJSC members: Social activist Ebo Mili shares updates
20th February 2024Live SKM accuses SDF of distributing fake pamphlets, threatens to reveal with evidence
20th February 2024Live Meghalaya Assembly rejects private bill to strengthen Lokayukta Act 2021
20th February 2024Live Dibrugarh jail security lapse: One prison official transferred, few more officials likely to be suspended
20th February 2024WE RECOMMEND
Dibrugarh jail security lapse: One prison official transferred, few more officials likely to be suspended
Sources said that Assam government has sought a report on the prison security lapse case
20th February 2024Mother-son duo found dead, son had celebrated 15th birthday yesterday
Police in the meantime is aggressively working on the case to find out the truth
20th February 2024Assam: HSLC candidate dies after fainting during exam
Ananya Baruah fainted in the examination hall on the first day of the HSLC examinations on February 16
20th February 2024Khelo India University Games 2023 to start from today in Guwahati
Union Minister for Youth Affairs and Sports, Anurag Singh Thakur will attend the inaugural ceremony of the Khelo India University Games 2023
19th February 2024Assam: 7 abducted coal miners released
As many as 7 coal miners out of the total 10, who were abducted yesterday were released late last evening
19th February 2024