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No new taxes in Haryana Budget

Special Correspondent
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Haryana Finance Minister Harmohinder Singh Chattha presenting the Budget in the Assembly in Chandigarh on Friday.Photo: Akhilesh Kumar
Haryana Finance Minister Harmohinder Singh Chattha presenting the Budget in the Assembly in Chandigarh on Friday.Photo: Akhilesh Kumar

As the State had performed appreciably along various fiscal parameters amid a slowdown at the national level, Haryana Finance Minister Harmohinder Singh Chattha did not levy any fresh taxes while presenting the Budget for 2013-14 in the Assembly on Friday.

To achieve the objective of “Faster, Inclusive and Sustainable Growth” in the 12th Five Year Plan, Mr. Chattha proposed an outlay of Rs.27,071.32 crore, which included an Annual Plan of Rs.18,000 crore, which was 24 per cent higher than in the previous fiscal. An additional outlay of Rs.2,352.65 crore through Centrally-sponsored schemes is expected to raise the composite Plan outlay to Rs.20,352.65 crore.

Charting out the agenda of the government in the next financial year, Mr. Chattha said the agriculture and allied sector would get Rs.1,854.29 crore, while major emphasis was on infrastructure where the power sector will receive allocations worth Rs.5,232.97 crore, road and transport Rs.4,471.21 crore, irrigation Rs.2,240.96 crore, public health engineering Rs.2,307.49 crore, urban development Rs.3,112.66 crore and education Rs.8,944.87 crore. Provisions of Rs.3,216.28 crore had been made for social justice and empowerment including welfare of Scheduled Castes and Backward Classes, while the government proposed to spend Rs.1,898.40 crore on rural development and panchayats.

Unfolding a list of initiatives, Mr Chattha said the government proposed to launch an ambitious housing scheme, Priyadarshini Awaas Yojna (PAY), to facilitate housing in rural areas. The scheme proposes to provide houses to at least two lakh families in two years. Each beneficiary would receive financial assistance of Rs.81,000 by the State as grant for the construction of a house as well as an assistance of Rs.9,100 for the construction of toilet in convergence with Nirmal Bharat Abhiyan (NBA). A sum of Rs.350 crore has been earmarked for the next fiscal to meet the targets of the scheme where funds are being raised through HUDCO. The government would provide adequate infrastructural facilities for water and power connections at the doorstep of the beneficiaries.

The Budget estimates projected total receipts at Rs.52,640.85 crore, registering an increase of Rs.7,486.62 crore. The Finance Minister predicted a total expenditure of around Rs.53,073.59 crore, of which revenue expenditure would reach Rs.46,223.56 crore and capital expenditure would remain at Rs.6,850.03 crore. Revenue and fiscal deficits for the next year were projected at Rs.2,443.23 crore and Rs.8,975.97 crore, respectively.

Mr Chattha informed the House that the revenue deficit as a percentage to Gross State Domestic Product (GSDP) was expected to fall to 0.59 as against 0.90 in 2012-13. The ratio of salary and pension to total revenue receipts would also reduce, while the Debt:GSDP ratio would decline favourably to 16.47 per cent remaining within the limits prescribed by the 13th Finance Commission.

To cover the budgetary gap, Mr. Chattha expected additional resources through a 17.26 per cent increase in VAT that would yield Rs.19,288.61 crore. While Excise collections would bring in Rs.4,000 crore, stamps and registration, passengers and goods tax, share from Central taxes and vehicle taxes, are expected take the receipts on the tax revenue to Rs.32,268.24 crore. The non-tax revenue including the grant-in-aid of Rs.6,349.61 crore from the Centre is expected to reach Rs.11,512.09 crore.

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