The Council of Ministers in its first meeting on Wednesday finalized the Budget for 2009-10.
Briefing newsmen after the meeting, finance minister Prafulla Chandra Ghadei said that since the State Assembly session would commence from June 8, it would not be proper to reveal the contents of the Budget. We will place the budget before the Assembly on June 11, he pointed out.
He also said that all the ongoing social welfare programmes would continue.Stress would be given to rural development, agriculture and infrastructure, he said, adding that emphasis would also be given to maintain fiscal discipline and management. Ghadei also said that despite market recession, the state government would try hard to go ahead with all the programmes.Stating tat the state government would go ahead with the rice at Rs 2 per kg scheme, he, however, admitted that it would be difficult to arrange the financial resources. It has been speculated that the budget would be a deficit one.The state government in January this year had presented a vote-on-account.However, this time the Budget would be a full one. Sources maintained that the full budget would cross Rs 40,000 crore.Populist measures like Rs 2-a-kg rice scheme, enhanced pay package for government employees under the Sixth Pay Commission and other developmental measures would hit the state treasury hard this time around. One of the major decisions taken by the state government before the election was the implementation of the recommendations of the Sixth Pay Commission for the employees. This alone will cost the state treasury nearly Rs 2,400 crore per annum. Similarly, the Rs 2-a-kg rice scheme would cost the state coffers nearly Rs 850 crore and the state government would have to cough up around Rs 600 crore for paying the teachers and lecturers.
Briefing newsmen after the meeting, finance minister Prafulla Chandra Ghadei said that since the State Assembly session would commence from June 8, it would not be proper to reveal the contents of the Budget. We will place the budget before the Assembly on June 11, he pointed out.
He also said that all the ongoing social welfare programmes would continue.Stress would be given to rural development, agriculture and infrastructure, he said, adding that emphasis would also be given to maintain fiscal discipline and management. Ghadei also said that despite market recession, the state government would try hard to go ahead with all the programmes.Stating tat the state government would go ahead with the rice at Rs 2 per kg scheme, he, however, admitted that it would be difficult to arrange the financial resources. It has been speculated that the budget would be a deficit one.The state government in January this year had presented a vote-on-account.However, this time the Budget would be a full one. Sources maintained that the full budget would cross Rs 40,000 crore.Populist measures like Rs 2-a-kg rice scheme, enhanced pay package for government employees under the Sixth Pay Commission and other developmental measures would hit the state treasury hard this time around. One of the major decisions taken by the state government before the election was the implementation of the recommendations of the Sixth Pay Commission for the employees. This alone will cost the state treasury nearly Rs 2,400 crore per annum. Similarly, the Rs 2-a-kg rice scheme would cost the state coffers nearly Rs 850 crore and the state government would have to cough up around Rs 600 crore for paying the teachers and lecturers.
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