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Regular-article-logo Sunday, 18 May 2025

Education focus in budget

Central taxes & grants key revenue channels

Dipak Mishra Published 28.02.18, 12:00 AM
Sushil Kumar Modi  arrives in the Assembly to present the budget. Picture by Nagendra Kumar Singh 

Patna: Deputy chief minister Sushil Kumar Modi presented a revenue surplus budget of over Rs 1.79 lakh crore for the financial year 2018-19, a rise of around Rs 17,000 crore from the previous fiscal.

However, the figures show that the state overwhelmingly depends on central tax shares and grants as over Rs 1.22 lakh crore comes from them. The state's own revenue is limited to just over Rs 35,447.92 crore.

"There has been no hike in taxes and the stress has been on roads, agriculture and power. The 14 per cent growth in commercial taxes is assured and if it drops due to GST, the Centre will compensate the loss," Modi said. He said the budget had a surplus amount of over Rs 21,000 crore.

Modi's speech was made amid slogans raised by RJD and Congress MLAs who were attacking the deputy chief minister and his boss, Nitish Kumar, over the Srijan scam and the road carnage in Muzaffarpur in which a BJP leader is an accused. JDU and BJP members retaliated by thumping on their desks.

The budget indicates that Rs 92,317 crore would be on scheme expenditure. The rest would be spent on committed expenditure - salaries, pension and repayment of debt. The government claims that the ratio of development and non-development expenditure is 72.76:27.24. The largest chunk of the budget goes to education - 20.81 per cent. It is followed by rural development and rural works. Energy gets 6.73 per cent of the budget but the allotment is actually lower than the previous year.

"We have already spent quite a lot on energy and infrastructure has been strengthened. Advanced states like Gujarat and Maharshtra spend even less on energy because their infrastructure in power is already in place," said Modi.

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