Agartala: With the steady growth of economic indicators, the Tripura government has projected a Gross State Domestic Product (GSDP) growth rate of 8.95 per cent during the financial year 2023-24.
The GDP growth rate stands at 8.80 per cent in 2022-23 against the country’s GDP at 7 per cent, claimed Finance Minister Pranajit Singh Roy.
He applauded the financial discipline and management of Tripura while seeking approval of Rs 9066.56 Cr vote on account for the first quarter of 2023-24 financial year, as the government was not able to present the full budget for the coming fiscal in the assembly. The BJP-led government was sworn in on March 8 and the budget session began on March 24.
“In the last financial year, the tax revenue collection of Tripura has increased to 14.67 percent to the tune of Rs 3000 Cr. The highest expenditure incurred for skill development to 911 percent last year followed by the power sector at 76 percent, IT at 72 percent, and Rural Development at 45 percent,” Singharoy stated.
He said that in addition to vote on account, a demand for additional expenditure allocation of Rs 3065.37 crore for the financial year 2022-23 has been presented in the state assembly. The capital expenditure in the road sector in the financial year 2021-22 was Rs 443 crore, which increased to Rs 647 crore in 2022-23.
The minister added that as many as seven externally-aided projects of Rs 8174 corer are being implemented while another seven projects of Rs 3025 are expected to get sanctioned for livelihood and infrastructure development of Tripura during the next financial year.