CM Conrad K Sangma tables Rs 1,532-cr deficit budget for 2020-21, projecting total expenditure of Rs 17,432 cr, including developmental budget of Rs 8,616 cr
Shillong: Meghalaya chief minister Conrad K Sangma on Thursday tabled a Rs 1,532-crore deficit budget for 2020-21, projecting a total expenditure of Rs 17,432 crore, including a developmental budget of Rs 8,616 crore.
The total receipts for the fiscal is estimated at Rs 17,375 crore, of which revenue receipts are pegged at Rs 15,353 crore and capital receipts at Rs 2,022 crore, the chief minister said. "The budget of 2020-21 has a fiscal deficit of Rs 1,532 crore, which is around 3.53% of the GSDP," Sangma, who also holds the finance portfolio, said.
"Our strategy revolves around prioritising the four core pillars of human development, primary sector, infrastructure and entrepreneurship," he added.
Development budget from state’s resources was estimated at Rs 3,300 crore -- a 45% increase over the previous financial year -- the largest in the history of the state. It has never crossed Rs 2,600 crore in the past five years.
This year's budget also focuses on education, health, agriculture, infrastructure, air and surface connectivity, promoting entrepreneurship, tourism, uplifting rural economy, etc with a view to taking state on the path of development.
The 15th Finance Commission recommended Rs 7,417 crore for the year 2020-21. Of this recommendation, Rs 6,542 crore is the tax devolution, Rs 491 crore is the revenue deficit grant, Rs 182 crore and Rs 88 crore are grants to rural and urban local bodies, respectively, Rs 66 crore is State Disaster Risk Management Fund and Rs 48 crore is the grant for nutrition.
The share of the total divisible pool has increased to 0.765 compared to 0.642 of the 14th Finance Commission recommendation.
* Focus on completing the construction of 1,674 km of ongoing rural roads in the next financial year under the PMGSY scheme.
* A new programme for systematic periodic maintenance of roads, with a budget provision of Rs 50 crore has been launched
* The overall development budget for roads and bridges is doubled from Rs 590 crore in 2019-20 to Rs 1,084 crore in 2020-21.
* State development budget for Water Supply is increased to Rs 193 crore from the previous allocation of Rs 135 crore.
* Rs 15 crore allocated for installing solar panels in government buildings across the state.
* Rs 10 crore earmarked on interventions for the beautification of Shillong and Tura towns and for the introduction of mechanised cleaning and waste collection systems.
* Rs 46 crore has been allocated for completion of infrastructure projects like Technology Park at New Shillong, Assembly Building and Shillong International Center for Performing Arts and Culture (SICPAC).
* Rs 10 crore allocated for Promotion for Early Childhood Education.
* 5,896 Anganwadi centres of the state will be transformed into centers of joyful learning.
* Rs 40 crore allotted to bridge the infrastructure gap in 264 schools.
* Rs 10 crore allocated for the creation of 100 additional smart classrooms.
* Rs 2.5 crore allocated for Meghalaya Outcome-oriented transformation in health, education, and rural development (MOTHER) program.
* Megha Health Insurance Scheme enhanced to Rs 5 lakh per family with no restriction on family size.
* Rs 50 crore allocated for health infrastructure development in rural areas.