CHANDIGARH (PTI) Fresh taxes of rs 60 crore, including rs 45 crore by way of revision of bus fares, have been proposed in the rs 59.81 crore deficit 1992-93 bud{got for Haryana presented in the state assembly by finance minister mage ram gupta
In the union territory of ‘Chandigarh on march 16 travel by ordinary, deluxe and air-conditioned buses would become cost Tier from April one as gupta proposed to mop up 75 per cent of the fresh taxes through increase in Babus bonanza of tax concessions has been announced for the items including the match boxes, vegetable ghee, pulses except gram, and tires and tubes for three Wheelers, tractors and animal driven cars.
Gupta proposed to mop up the remaining rs 15 crore through rationalization of sales tax and better tax compliance from the traders
Gupta said while the closing effect of the current year and the opening deficit for 1992-93 has been estimated at rs 87.34 crore the closing deficit for 1992-93 will be reduced 59.81 crore after mobilization of additional resources of rs 60 crore.
He expressed the hope of reducing the closing deficit for next year through various economy ‘measures and further control on the non-productive expenditure for ‘which he proposed a reduction in the non-plan expenditure at the budgeted level.
The first budget of the Bhajan laled congress-i government which took office in July last year has _gross expenditure estimates to the tune of rs4,648,51 crore for 1992‘93comprisingofrs2,417.92crore under non-plan, rs 974.81 crore ‘under plan and rs 1,225.78 crore ‘under public
Article extracted from this publication >> March 27, 1992
