STOCK MARKET BSE NSE

Assam govt tables Rs 566 crore deficit budget, proposes no new tax

Ajanta Neog, the first-ever woman finance minister of Assam, said that she is following the footsteps of her predecessor who had decided not to tax the public in his budgets.

Published: 16th July 2021 05:36 PM  |   Last Updated: 16th July 2021 05:36 PM   |  A+A-

Assam finance minister Ajanta Neog

Assam finance minister Ajanta Neog (Photo | Twitter)

By PTI

GUWAHATI: The Assam government on Friday presented a Rs 566 crore deficit budget for 2021-22 in the assembly, without proposing any new tax on the public.

This is the first budget of the Himanta Biswa Sarma- led government.

While reading out the budgetary proposals, Ajanta Neog, the first-ever woman finance minister of Assam, said that she is following the footsteps of her predecessor who had decided not to tax the public in his budgets.

Sarma was the finance minister in the previous Sarbananda Sonowal government.

"I too, with the aim of continuing this trend, would like to hereby place my budget without levying any extra tax on the public," she said in the Assam Assembly.

During the last fiscal, the Tax Department's collection declined to Rs 14,645 crore from Rs 14,967 crore in the previous financial year due to "economic slowdown" on account of the COVID-19 pandemic, Neog said.

Presenting the Budget estimates, she said the aggregate income has been calculated to be Rs 2,89,770.68 crore for 2021-22, while the total expenditure for the fiscal is estimated at Rs 2,89,367.10 crore.

"Thus, estimated transactions during the year will result in an estimated surplus of Rs 403.58 crore.

This, together with the opening deficit of Rs 969.78 crore will lead to a budget deficit of Rs 566.20 crore at the end of the year 2021-22," she added.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp