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Vote on account for Rs.1774 cr
Correspondent Kohima, Mar 12 (NPN):
Published on 13 Mar. 2009 1:23 AM IST
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State chief minister Neiphiu Rio, today presented the Vote-on account budget for 2009-10, seeking approval of the house for the withdrawal of Rs.1774.29 crore for the payment of expenses relating to the period from April 1 to July 31, 2009 from the consolidated fund of Nagaland. Presenting the vote on account. Rio who, holds the finance portfolio said that the amount sought to be passed in the vote-of account is approximately one-third of the estimated expenditure for the next financial year 2009-10. “As per the current estimates, the total receipts for the year 2009-10 has been place at Rs.5238.37 crore and the total expenditure at Rs.5276. 79 crore , reflecting a deficit of Rs.38.42 crore in the revenue account. He said after adding a deficit of Rs. 49.50 crore in the Public account, the current transactions of the year will result in a deficit of Rs.87.92 crore. However as the opening deficit of the year 2009-10 is estimated at Rs. 471.31 crore , the closing deficit for the year 2009-10 is currently estimated at Rs. 559.23 crore. The Chief Minister said that the 13th Finance Commission had recently visited the state and it will decide on the grants for the stare during the next five years starting from 2010-11 to 2014-15. On the DAN government’s year 2008-09 as the “Year of Capacity Building”, Rio said that Rs. 20 crores was allocated for various activities in the government sector and non-governmental sector for the youth and to enable them to earn sustainable livelihood. He informed that the NGO sector covered 80 NGOs and a total of 3159 were benefited so far. Rio also said that the Planning Commission of India had finalized the state’s annual plan outlay for 2009-10 at Rs.1500 crore , representing a healthy growth of 25 % over the current outlay of Rs 1200 crore. “This will help us fund the increasing developmental needs of the state, and give a further boost to the growth of our economy. We are now poised at a crucial juncture when our economy needs to see more growth, increased productivity and self sufficient” stated in his 9th minute speech. The chief The debate and passing will be taken up on March 13. Rio said though there was no bar against presenting a full budget, the state government had with held it in deference to the views of the Election Commission. 6th pay commission The Chief Minister, said that the revision of pay of the State Government employees on the lines of Central Pay Revision is under active consideration of the state Government. Replying to a starred question, Rio said that the central government has been requested to provide additional resources for the purpose since the state government does not have the additional resources required for implementing the Pay Revision, as is contemplated.

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