Gujarat Finance Minister Nitin Patel tabled a vote-on-account with interim Plan allocation for the April-July 2014 period in the State Assembly on Friday.

While the interim budget size is ₹1,20,390 crore for FY15, budgetary estimates for the next financial year show a revenue surplus of ₹7,697 crore. Fiscal deficit is estimated to be ₹17,611 crore, which is only 1.93 per cent of GSDP, he told the Vidhan Sabha here.

The estimates of 2014-15 show a gross surplus of ₹732.53 crore, he said.

The Minister said interim Plan allocation for 2014-15 was ₹61,940 crore, including extra budgetary resources of ₹9,729 crore. The provision for social sectors in the interim plan for the next fiscal in areas such as education, women and child development, health and family welfare and tribal and social welfare has been increased by more than 120 per cent each.

Patel said the total receipts are estimated at ₹1,19,527 crore, a rise of 10 per cent over 2013-14. Revenue receipts have gone up to ₹95,440 crore, which is 12 per cent up compared to 2013-14. The total taxes for 2014-15 are estimated at ₹63,068 crore while non-tax revenue has been pegged at ₹7,214 crore.

The per capita income in Gujarat in 2012-13 stood at ₹96,976, compared to the national average of ₹67,839. Between 2011-12 and 2012-13, while the per capita income in the country increased at the rate of 9.7 per cent, it went up by 11.2 per cent in Gujarat, the Minister pointed out.

Gujarat’s contribution to India’s GDP increased from 5.8 per cent in 2000-01 to 7.32 per cent in 2011-12.

As against the collective net loss of ₹2,702 crore in the State PSUs in 2001-2, these bodies have made a net profit of ₹4,041 crore in 2012-13. The share of PSUs in GSDP in 2012-13 was 13.09 per cent.

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