Ranchi, March 5 (IANS) The Jharkhand government has not slapped any new taxes in the Rs.18,989.72-rore (Rs.189.89 billion) budget for 2008-09, which focuses on social sectors.
The budget presented by Finance Minister Stephen Marandi has allocated Rs.9,366.78 crore (Rs.93.66 billion) for non-plan expenditure and the rest for plan expenditure.
The state will generate Rs.8,448.33 crore (Rs.84.48 billion) from its own resources, get Rs.7,333.76 crore (Rs.73.33 billion) as the state's share in central taxes, and the balance will be generated through borrowings.
As much as 13.79 percent of the budget allocation will be spent on rural development, 8.72 percent on energy, 7.99 percent on road construction, 11.23 percent on education, 8.36 percent on health and drinking water, 6.13 percent on agriculture and allied activities, 6.24 on labour, 3.99 percent on industries and transport and the rest on other sectors.
The budget deficit is pegged at Rs.1,682.96 crore (Rs.16.82 billion), compared to Rs.231.78 crore (Rs.2.31 billion) in the previous year.
http://in.news.yahoo.com/indiaabroad/20080305/r_t_ians_bs_india/tbs-no-new-taxes-in-jharkhand-budget-46e8b08_1.html
The budget presented by Finance Minister Stephen Marandi has allocated Rs.9,366.78 crore (Rs.93.66 billion) for non-plan expenditure and the rest for plan expenditure.
The state will generate Rs.8,448.33 crore (Rs.84.48 billion) from its own resources, get Rs.7,333.76 crore (Rs.73.33 billion) as the state's share in central taxes, and the balance will be generated through borrowings.
As much as 13.79 percent of the budget allocation will be spent on rural development, 8.72 percent on energy, 7.99 percent on road construction, 11.23 percent on education, 8.36 percent on health and drinking water, 6.13 percent on agriculture and allied activities, 6.24 on labour, 3.99 percent on industries and transport and the rest on other sectors.
The budget deficit is pegged at Rs.1,682.96 crore (Rs.16.82 billion), compared to Rs.231.78 crore (Rs.2.31 billion) in the previous year.
http://in.news.yahoo.com/indiaabroad/20080305/r_t_ians_bs_india/tbs-no-new-taxes-in-jharkhand-budget-46e8b08_1.html
