Goa to have a revenue deficit of Rs 41.79 cr for 2005-06 Press Trust of India
New Delhi, March 17|15:22 IST Government on Thursday presented the budget for Goa now under President's Rule, which estimates a revenue deficit of Rs 41.79 crore despite a 16 per cent rise in tax mop up during 2005-06. However, the state is slated to end with an overall surplus of Rs 104.64 crore for next fiscal. The state's fiscal deficit was budgeted at 8.98 crore but the revised estimate shows a surplus of Rs 75.74 crore for this fiscal. Finance Minister P Chidambaram, who presented the Goa Budget, sought a Vote on Account for the five months in Parliament. Presenting the Goa budget, he said revenue receipts of the state has been budgeted at Rs 2,872.94 crore while revenue expenditure was pegged at Rs 2,914.74 crore, which leaves a revenue deficit of Rs 41.79 crore for 2005-06. Of the total revenue receipts, tax revenue is budgeted at Rs 1,166.23 crore during next fiscal compared to the revised estimate of Rs 1,005.66 crore and budget target of 967.57 crore estimated for 2004-05. Goa's share of central taxes, duties and grants-in-aid from Centre would be Rs 379.49 crore in 2005-06. The revenue deficit for next fiscal widened from a meagre Rs 7.95 crore budgeted for 2004-05 but was lower than the revised estimate of Rs 75.47 crore. Goa's Capital Receipts is budgeted at Rs 786.66 crore and Capital Expenditure would be Rs 751.52 crore next fiscal. "After accounting for transactions in the Public Account and the Opening Balance, the overall surplus in 2005-06 is estimated at Rs 104.64 crore," Chidambaram said. (Hindustan Times) - Forwarded by AlmeidaG, www.goa-world.com Konkani weekly V-Ixtt now online at www.v-ixtt.com Konkani monthly magazine now online at www.gulabonline.com __ Goans often find it easier to be a result of the past than a cause for the future. Isn't it time to change this? __