Ajit Pawar presents Rs 58 cr surplus Maha budget

Maharashtra Deputy Chief Minister Ajit Pawar presented a Rs 58 crore surplus budget, hiking taxes on soft drinks and liquor while exempting foodgrains and essential commodities.

Last Updated: Mar 23, 2011, 21:35 PM IST

Mumbai: Maharashtra Deputy Chief Minister
Ajit Pawar on Wednesday presented a Rs 58 crore surplus budget,
hiking taxes on soft drinks and liquor while exempting
foodgrains and essential commodities.

Presenting his maiden budget in the Legislative Assembly,
which was marked by slogan-shouting by opposition members, the
Finance Minister said that in 2010-11, revenue receipts were
Rs 1,07,159 crore as against Rs 86,910 crore in 2009-10,
showing an increase of 23.3 per cent.

Pawar said there was 26 per cent increase in sales tax
mop up in 2010-11 and 31 per cent rise in stamp duty
collections.

"We have not increased sales tax rates like some other
states have done, yet sales tax receipts registered an
increase," he said.

During the year 2011-12, revenue receipts are expected at
Rs 1,21,503 crore and revenue expenditure at Rs 1,21,445
crore.

Pawar said revenue deficit is proposed to be eliminated
for coming fiscal and a marginal revenue surplus of Rs 58
crore expected during the period.

Last year, revenue receipts had been estimated at Rs
97,043 crore, Pawar said. Considering the trend of revenue
collection during the year, revised estimates of revenue
receipts were fixed at Rs 1,07,159 crore.

Revenue expenditure at the beginning of the year was
expected to be around Rs 1,04,698 crore. In the revised
estimates, this expenditure has been fixed at Rs 1,12,846
crore.

PTI