Tripura gets a tax free Budget, with a deficit of Rs 559.74 crore
First Published: 18th March, 2022 0:02 IST
Tripura Deputy Chief Minister and state finance minister Jishnu Debbarma today presented the state budget estimated over Rs 26,000 crore and tax free. This was the 5th and the
Tripura Deputy Chief Minister and state finance minister Jishnu Debbarma today presented the state budget estimated over Rs 26,000 crore and tax free.
This was the 5th and the last budget of the present BJP-IPFT government in Tripura ahead of the state polls next year.
The no new tax budget has been presented with a deficit of Rs 559.74 crore. This year’s budget increased by 18.34 percent compared to last year’s budget.
While tabling the budget, Debbarma said that there is no new tax proposed in the budget and the deficit would be covered by better fiscal management and smart tax collections. Debbarma further said that the philosophy of the budget is collective action and inclusive growth with better tax management.
The budget contains several new plans including Rs 1000 crore for infrastructure and development under the Suvarna Jayanti Tripura Nirman Yojana scheme besides increasing the social pension from Rs 1000 to Rs 2000. The state GSDP has been estimated to grow at 13.28 percent with an enhancement of 20.66 percent in education and 23 percent in health sector.
COMMENTS
TOPMOST STORY NOW
Live World’s tallest Rhododendron in Nagaland impresses billionarie Anand Mahindra
11th May 2024Live Manipur: ITLF takes initiative to donate essentials to IDPs in Churachandpur
11th May 2024Live 1 year of Manipur violence: Developmental work comes to a grinding halt
11th May 2024Live Padma Shri Awardee Sano Vamuzo receives warm welcome at Dimapur Airport
11th May 2024WE RECOMMEND
World’s tallest Rhododendron in Nagaland impresses billionarie Anand Mahindra
The 109-feet tall Rhododendron in Nagaland holds the Guiness World Record for being the tallest Rhododendron
11th May 2024Crackdown on infiltration: 8 illegal Bangladeshi migrants arrested in Tripura capital Agartala
Last week 11 Bangladeshis including 3 minors were arrested in Dhalai district.
11th May 2024NCW to hold capacity building training for women in Geo-Spatial Technology
The 2-day training program will be held at the North East Space Application Centre (NESAC) in Meghalaya capital Shillong
11th May 2024Ayesha Hazarika, 1st British-Indian of Assamese descent joins House of Lords in UK Parliament
Baroness Ayesha Yusuf Hazarika is the daughter of Dr. Liyaqat Ali Hazarika from North Lakhimpur who moved to Glasgow in the 1960s.
11th May 2024Kooki, a Hindi film from Assam to be screened at Cannes Film Festival
Kooki is scheduled to be released nationwide on 28 June, 2024.
11th May 2024