Itanagar: Arunachal Pradesh Deputy Chief Minister Chowna Mein, who also holds the Finance portfolio, on Wednesday presented a Rs 578.50 crore deficit Budget for the financial year 2021-22.
In his Budget speech, Mein said, “In the Budget Estimates of 2021-22, we are projecting revenue receipts of Rs 21090.87 crore and capital receipts of Rs 1490.13 crore making total receipts of Rs 22581 crore as against the total receipts of Rs 22000 crore in Revised Estimates of FY 2020-21.”
He said the State’s share of Central taxes has been pegged at Rs 11693.94 crore as per Union Budget 2021-22.
“We have projected the state’s own tax revenue at Rs 1900 crore and the non-tax revenue for 2021-22 at Rs 850 crore. Thus, our estimated state’s own revenue generation is Rs 2750 crore during 2021-22,” Mein said.
The Dy CM said, “In the Budget Estimates of 2021-22, we are projecting revenue expenditure of Rs 15344.32 crore for the year 2021-22 as against the Revised Estimates of Rs 14402.84 crore in 2020-21.
The capital expenditure including loan components is estimated at Rs 6968.68 crore as against revised estimates of Rs 6770.55 crore in 2020-21 which is approximately three per cent increase over last year, he said, adding the focus of the Government will be on increasing capital expenditure to create assets for overall development of the state.
Mein said the state Budget is guided by six strategic pillars provided by the Union Budget –health & wellbeing, reinvigorating human capital, inclusive development for aspirational Arunachal, physical & financial capital and infrastructure, minimum government and maximum governance, and innovation and R&D.
The Dy CM said, “I am confident that with the right policy interventions under our dynamic Chief Minister Pema Khandu, we will be able to excel on each of the six pillars enshrined in the Union Budget of this year.”