NAGALAND Budget Priorities Agriculture & Allied Sectors

AHEAD of the Lok Sabha Poll, Nagaland Government on Monday presented a people friendly deficit Budget for 2019—2020 proposing no new taxes .Presenting the budget in the state legislative assembly, Chief Minister Neiphiu Rio doubling as the Finance Minister said  that various measures have been taken to improve Government revenue collections  such as increasing the registration of dealers under GST, implementing online payment of power bills and better monitoring of collections in the transport sector. The CM said steps are also being considered to improve the personnel information management system to capture details of every employee of the State Government. “These measures are expected to bring substantial financial savings for the State.” listing out the allocation made for developmental activities during the coming fiscal year commencing on April 1   Rio said the agriculture and allied sectors have been provided Rs 29.50 crore for putting in place key infrastructure. The total gross receipts are estimated at Rs 17,606.48 crore, while the gross expenditure is projected at Rs 18,012.73 crore. Tabling the budget on the 4th day of the third session of the 13th Nagaland Assembly in Kohima, Rio said the current financial year 2018-19 will close with an estimated deficit of Rs 1,661.68 crore.He said the current year’s transaction is estimated to result in a positive balance of Rs 49.70 crore. Rio announced introduction of new policies which include Nagaland Innovation Fund, Nagaland Investor Network, Entrepreneurship Incubators and Entrepreneurship Development Centres in schools.In addition, several exercises in the field of skill development in both the rural and urban sector are to be undertaken, he said. After introduction of GST, the increase in revenue was Rs 638.29 crore during 2017-18, a growth of 25 per cent over the previous year.

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