NEW DELHI: A Rs 85-crore deficit budget of Punjab for 199192.was presented in the Lok Sabha by Minister of State for Finance Shantaram Potdukhe along with a vote on account for the first nine months of the year.
‘The minister said in a statement that the revenue receipts for the year were estimated at Rs 3779.03 crore an increase of Rs 1631.97 crore over the revised estimates of 1990-91.
The state’s tax and non-tax revenue receipts were estimated at Rs 3185.57 crore which was higher by Rs 1538.71 crore over the revised estimates of 1990-91.
The state’s share of central taxes and grants was Rs 593.45 crore which was higher than the revised estimates for 1990-91 by Rs 93.25 crore and the expenditure on revenue account estimated at Rs 4355.74 crore he said.
On the capital account the receipts were placed at Rs 2308.97 crore and the expenditure including loans and advances at Rs 1889.69 crore.
The state plan outlay for 199192 had been fixed at Rs 1010 crore. Besides the normal central assistance of Rs 200.07 crore in the state Annual Plan the Center would also be providing a special assistance of Rs 600 crore.
The minister said the consequent on the proclamation issued under Article 356 of the Constitution on May 111987 the powers of the: legislature of Punjab were exercisable by or under the authority of Parliament. Accordingly the” statement of estimated receipts and expenditure of the state of Punjab for the financial year 1991-92 was placed before the ninth) Lok Sabha on March 5, 1991 and a ‘vote on account for six months from April to September 1991 was obtained.
The revised estimates for 199091 placed the state’s tax and non-tax revenue at Rs 1646.86 crore showing an increase of Rs 65.85 crore over the budget estimates. The expenditure on revenue account was Rs 2662.73 crore in the revised estimates compared to Rs 2540.85 crore in the budget estimates. The increase of Rs 121.89 crore was mainly due to the enhancement of the rate of ex-gratia grant and pension to the terrorist affected families and persons affected by riots.
Article extracted from this publication >> September 20, 1991
