Finance minister presents budget estimates, 2019-20

Imphal, the 20^th February, 2018 (DIPR): Shri Yumnam Joykumar Singh, Deputy Chief Minister of Manipur (in charge Finance) presented budget estimates of the Government of Manipur for the year 2019-20 amounting Rs 14,636 crores in the Assembly.

Presenting the budget estimates, the Finance Minister said that the total receipt is estimated at Rs 14,636 crore. The revenue receipts is estimated at Rs 13,157 crore and capital receipts at Rs 1478 crore. Total estimates of State’s own tax and non-tax receipts assumed in the Budget Estimates are Rs 1,185 crore and Rs 283 crore respectively.

Regarding Expenditure Estimates for the year 2019-20, gross expenditure is at Rs 16,117 crore out of the Consolidated Fund of the State. Out of the total expenditure, an amount of Rs 1,687 crore is charge expenditure and the remaining amount of Rs 14,430 crore is voted expenditure. Total Revenue Expenditure is estimated at Rs 12,856 crore and Capital expenditure is estimated at Rs 3,260 crore.

In his concluding remarks, the Finance Minister stated that no Budget can be the panacea for all the disadvantages which a society faces, However, it is our earnest hope that the Budget shall bring at least some incremental positive changes to the lives of the people. The Budget is not just an economic intent but is a vehicle to express the seriousness of the Government towards the holistic development of the State.