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Budget estimates of 2021-22 presented to Manipur Assembly

Correspondent IMPHAL, FEB 5 | Publish Date: 2/5/2021 1:10:34 PM IST

Manipur deputy chief minister Yumnam Joykumar Singh who is in-charge of the finance department on Friday tabled budget estimates 2021-22 of the state government in the house of the state Assembly.

Presenting the budget estimates, the finance minister informed the house that the state’s total receipt was estimated at Rs 26,024 crores while revenue receipts were at Rs 21,520 crores and capital receipts at Rs 4,504 crores. 

Total estimates of state’s own tax and non-tax receipts assumed in the budget estimates 2021-2022 was Rs. 2,055 crores and Rs 388 crores respectively, while the receipt from the state’s share in Central taxes & duties was estimated at Rs 4,765 crores.

The finance minister proposed a total expenditure of Rs 28,824 crores out of the consolidated fund of the state during the fiscal year 2021-22. 

Total revenue expenditure was estimated at Rs 19,970 crores while capital outlay was estimated at Rs 5,526 crores.

The finance minister highlighted the likely fiscal position during the next year. Fiscal deficit was estimated at Rs 3,976 crores with 9.22 % of the GSDP and the total outstanding debt projected at 32 % of the GSDP during 2021-22 against revised estimate of 33 %.

The Gross State Domestic Product (GSDP) for 2020-21 was estimated at Rs 37,682 crores at current prices. 

In the next financial year 2021-22, the estimated GSDP at the current prices would have reached the level of Rs. 43,121 crores, the deputy chief minister said.

The finance minister also stated that post unlocking, the economy has started showing signs of recovery and that the commencement of immunization programme against COVID-19 was likely to further improve confidence. 

“The government is confident that the economy will not only recover but also show strong growth in the coming months,” he said.

While presenting the fifth budget of the present government, the finance minister said that the preceding years were a testimony to what the state government stood for and the actions of the government was a testament of the government’s focus for a people-oriented governance.

He said that 2020-21 was an eventful year and the COVID-19 pandemic has had an impact unlike any other events. The impact on the lives of the people of the state and especially their livelihoods has been unprecedented.  

At the same time, the pandemic has also put a severe strain on public finances of the state. 

However, the state government has ensured that it fulfilled the responsibility for which the people have elected it to power, he added.

The finance minister further informed the house that the COVID-19 pandemic has caused severe economic dislocations across the globe including our country and therefore the state cannot remain immune from the impact. 

In spite of the negative impact, which has drastically reduced the receipts of the state, the government has ensured availability of adequate resources for payment of salaries, pensions, meeting other committed expenditure and meeting critical expenditure, especially in the management of the COVID-19 pandemic.

In his concluding remarks, the deputy chief minister stated that the last five years of the government has seen the state move forward on all fronts and sectors. 

The actions and achievements have been duly recognised in various forums. Handling of the COVID-19 pandemic and management of the economy and public finances during this dire times have reaffirmed the trust the people of the state have in the present government. 

“The government will continue to work tirelessly for the people of the state and this budget is proof of this commitment,” he said.

 “It is not miracles but hard work, cooperation, grit and the blessing of the people that has enabled the government to make many achievements in a short span of four years,” he added. 

It was a strong belief of the government that the people will continue to put their trust in the government and be allowed to serve for many more years to come, the finance minister added.

Meanwhile, chief minister N Biren Singh informed the house that a total of 974 doctors, paramedical staff and other officials/staff in government and empanelled private hospitals were contracted on COVID-19 duty to meet the healthcare requirement.

One contract staff expired and the state government will give a compensation of Rs 50 lakhs as he was covered by the insurance cover under the Pradhan Mantri Garib Kalyan Package (PMGKP). 

The state government will consider a government job under die-in-harness scheme when required, he added.

 

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