Punjab budget is pro-people: Punjab FM
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Last Updated: Friday, March 18, 2011, 17:58
Chandigarh: Punjab Finance Minister Upinderjit Kaur on Friday said that the state budget for the financial year 2011-12 is pro-people with all efforts being made to reach out to the common man.

"The Opposition had never dreamt that the SAD-BJP alliance would present a budget that had everything in it for common man," she said while winding up the debate on budget presented by her on the floor of the House on March 14.

Taking a dig at the Opposition for their decision to boycott the budget debate, she said "negative approach of the Opposition is against the spirit of democracy."

"The budget has everything for all sections of the society, including the deprived class...it is a document containing pro-people policies of Chief Minister Parkash Singh Badal-led Akali government in the state," she said.

Rebutting the claims of the Congress that the budget figures were fudged, she said whatever data has been provided was authentic.

"Provisions have been made for a lot of investments in several sectors, including agriculture, education, health and language," she said.

The state government has decided to pay its employees arrears related to the Sixth Pay Commission in three installments adding that it has already paid one installment of arrears to pensioners and the remaining arrears would be paid in two separate installments.

She said that the plan expenditure of 2010-11 is estimated at Rs 8,931 crore as per revised estimates and proposed annual plan for 2011-12 is Rs 11,500 crore.

"Accumulated debt burden is the result of long years of militancy in the state and decline in Punjab's share in distribution of Central taxes from 2.45 per cent under the Fifth Finance Commission to 1.339 per cent in 13th Finance Commission," Kaur said.

She said that the state's tax revenue which was Rs 9,017 crore in 2006-07 had improved to Rs 12,039 crore in 2009-10 and it is expected to increase to Rs 17,396 crore in the last fiscal and Rs 20,407 crore in 2011-12.


First Published: Friday, March 18, 2011, 17:58

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