Manohar Parrikar presents Goa budget 2017-18: Here’s all you need to know

The Manohar Parrikar-led Bhartiya Janata Party government in Goa on Friday presented its first budget.

Manohar Parrikar presents Goa budget 2017-18: Here's all you need to know

The Manohar Parrikar-led Bhartiya Janata Party government in Goa on Friday presented its first budget. Chief Minister Manohar Parrikar, who also holds the finance ministry presented the budget which focussed on 11% growth in 2017-18, laying special focus on the sectors of agriculture, social security and education. Parrikar also proposed an additional grant for all the schools in the state that provided education in Konkani and Marathi. Parrikar, who was the former Defence Minister of India, was sworn in as the Cm earlier this year after Congress failed to capitalise on its ‘victory’ in the state assembly elections and BJP managed to find allies and form a government in the state.

Here is all you need to know about the Goa budget 2017-18:

1) Parrikar presented a revenue surplus budget of Rs 202 crore which has an estimated revenue of Rs 10,872 crore and expenditure of Rs 10, 670 crores.

2) The size of the budget has been increased to Rs 16,270; a number which is significantly higher than the Financial year 2016-17 budget of Rs 14, 694 crores.

3) Parrikar projected an 11% growth in the GSDP(Gross state domestic product) during the next fiscal year. According to reports, central funding during the last fiscal year had risen three-times to Rs 3224.61, which is 22.4% of the net state budget.

4) Goa’s per capita income was RS 2,71,793, which was highest among all states, according to the Chief Minister.

5) Manohar Parrikar promised to implement the Public Services Act fir the introduction of a voluntary retirement scheme for government employees.

6) Parrikar also proposed the constitution of a special vigilance squad for probing draft and disproportionate assets case.

7) The CM said that the government was targeting a 65 growth in agriculture, and provided Rs 172 crore for the sector. In order to promote sugarcane cultivation, Rs 10,000 per hectare subsidy was proposed for farmers.

8) 50 more school counsellors would also be recruited according to the budget. For the students who did not receive laptops under the Cyber Age project, Rs 50 crore was proposed for them. The CM added that 3.6% of the GSDP would be spent on the education sector.

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9) Parrikar also went to announce that the financial benefits of state flagship programmes such as the Dayanand Social Security Scheme, Grih Aadhar, LAdli Lakshmi would be linked to inflation.

10) The Chief Minister also proposed Rs 900 crore for the social sector while women and children receive Rs 475 crore. Tribal welfare sector also receives Rs 190 crores. The government also proposed Rs 105 crore for the U-17 FIFA World Cup and 2018 National Games 2018.

Parrikar’s budget mostly focussed on education and the agriculture sector. While certain flaws can still be found in the budget it is mostly a developmental budget focussed on populist policies. Although, Parrikar is well versed in the politics and society of Goa and can be trusted with presenting a budget, that at least keeps tha public happy till the next year.

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