Haryana Finance Minister Captain Abhimanyu on Monday presented his third budget saying that the Goods and Service Tax bill and the demonetisation had caused the economy to slow down but it would boost itself up by the end of the financial year.
Haryana Finance Minister Captain Abhimanyu on Monday presented his third budget saying that the Goods and Service Tax bill and the demonetisation had caused the economy to slow down but it would boost itself up by the end of the financial year. The Finance Minister proposed a budget of Rs 1,02,329.35 crore, which is an increase of Rs 9,041.59 or 13.18% from the last budget. The budget comprises 21.88% as capital expenditure of Rs 2,,393.52 crore and 78.12% as revenue expenditure if Rs 79,935.84 crore. Speaking of the SYL canal, the FM proposed to allocate Rs 1000 crore in 2017-18. It must be noted that no new taxes have been proposed in the new budget.
Here are the highlights of the Haryana Budget 2017:
1) No new taxes introduced by the FM. The state government has further decided to make bio-diesel bio diesel (B-100) and solar devices and parts used in installation of solar power projects tax-free by exempting them from the levy of VAT.
2) Agriculture and allied sectors (including Irrigation, Cooperation and Rural Electrification subsidy) are to receive Rs 4963.09 crore while Rs 15546.65 crore has been proposed for the education sector. The Health and Family Welfare sector has been allocated an amount of Rs 3839.90 cores. Rs 399.88 crore has been earmarked for development of Industries and Minerals. Rs 6859.55 crore has been proposed for Social Welfare, Women and Child Development, and Welfare of SCs and BCs. Rs 12685.71 crore for Power
sector, Rs 3382.84 crore for Public Health Engineering, Rs 4973.58 crore for Urban Development and Rs 400 crore for District Plan have been proposed to be allocated. For Transport sector, an allocation of Rs 2549.81 crore has been proposed. For Buildings & Roads sector, Rs 3827.70 crore has been proposed to be allocated.
3) LPG connections were being provided to women of BPL families with a subsidy if Rs 1600 being provided to such families. Eight districts, vis, Ambala, Gurugram, Jhajjar, Kurukshetra, Karnal, Panipat, Panchkula and Yamunanagar were made kerosene-free by November 1, 2016 in the first phase and the target is to make the entire state “kerosene free” by March 31, 2017.
4) An independent “Sainik and Ardh Sainik Welfare Department” has been set up for the welfare of ex-servicemen. The amount of exgratia given to the families of martyrs has been increased to Rs 50 lakh and scholarship given for the cadets studying in Rashtriya Indian Military College, Dehradun, enhanced to Rs 50,000 per annum.
5) For Women and Child Development, the Finance Minister proposed an outlay of Rs 1247.24 crore in 2017-18 that is 23.53 per cent higher as compared to Rs 1009.66 crore in RE 2016-17.
6) Annual scholarship of Rs 8,000 to Rs 12,000 are provided to students belonging to scheduled castes and backward classes according to their class, under the Dr. Ambedkar Medhavi Chhattar Yojana. The pension of elderly and disabled persons and widows was enhanced to Rs 1,600 with effect from Haryana Divas on 1st November 2016. The financial assistance given to disabled persons who do not attend school has been increased from Rs 700 to Rs 1,000.
The FM proposed an outlay of Rs 736.84 crore for Welfare of SCs and BCs Department, an increase of 7.4 per cent over 2016-17 and Rs 4875.47 crore for Social Justice and Empowerment Department, an increase of 16 per cent over 2016-17.
7) The FM proposed an outlay of ` 399.88 crore in BE 2017-18 for Industries and Minerals, which is 8.96 per cent higher than RE 2016-17 of Rs 366.99 crore.
8) The FM said that the government had formulated a scheme “Manohar Jyoti” to provide 1,00,000 solar based home systems, in three phases at a total cost of Rs 230 crore.He further informed that government had launched a scheme for farmers to meet their irrigation energy needs through solar power by providing 3050 nos. of 2 HP and 5 HP solar water pumping systems, at a total cost of about Rs 122 crore by providing 90 per cent State and Central financial assistance.
The FM allocated Rs 112.50 crore for Non-Conventional Energy Department during 2017-18, which he said was 154.18 per cent higher than the last year’s outlay of Rs 44.26 crore.
9) The Finance Minister proposed a total amount of Rs 14005 crore for Education in 2017-18 against the 18% revised budget provision in 2016-17 of Rs 11825.67 crore, an increase of 18.43%.
10) The FM proposed Rs 3839.90 crore in 2017-18 for health and family welfare which is an increase of 15.52 per cent over the RE outlay of Rs 3323.95 crore in 2016-17. The State Government envisages opening a medical college in every district. He informed the house that the Detailed Project Report of Government Medical College in Bhiwani has been approved by the Ministry of Health and Family Welfare, Government of India. The construction work will commence soon, he added.
This is the biggest budget(Rs 1 lakh crore) proposed by any Finance Minister in the history of Haryana. Although, it remains to be seen if the government remains successful in the implementation of its populist schemes.