Goa CM Manohar Parrikar Presents Budget 2017-18 for the State

Goa CM Manohar Parrikar Presents Budget 2017-18 for the State

Chief Minister Manohar Parrikar on Friday presented the first budget for the state focusing on agriculture, social security and education. CM also promised to make the state garbage free by 2020. He also emphasized on making Goa the first ever beggar-free state.

The budget presented is of Rs. 16,270 crore with a revenue surplus of Rs. 202.48 crore. The budget is higher this financial year compared to the previous one, increasing from Rs. 14,694 crore to Rs. 16,270 crore. Parrikar projected an 11% growth in the GSDP (Gross state domestic product)

All about Goa budget 2017-18

  • Manohar Parrikar promised to implement the Public Services Act for the introduction of a voluntary retirement scheme for government employees.
  • Parrikar also proposed the constitution of a special vigilance squad for probing draft and disproportionate assets case.
  • The CM said that the government has been targeting a 65% growth in agriculture and provided Rs 172 crore for the sector. In order to promote sugarcane cultivation in the state Rs 10,000 per hectare subsidy has been proposed for farmers.
  • 50 more school counsellors would also be recruited according to the budget. For the students who did not receive laptops under the Cyber Age project, Rs 50 crore was proposed for them. 3.6% of the GSDP would be spent on the education sector.
  • The Chief Minister also proposed Rs 900 crore for the social sector while women and children receive Rs 475 crore. Tribal welfare sector also receives Rs 190 crore. The government also proposed Rs 105 crore for the U-17 FIFA World Cup and 2018 National Games 2018.
  • The excise duty on beer manufactured in the state or imported from the rest of India or from outside India and sold in the state of Goa is to be enhanced. The price of bulk litre of beer with alcoholic strength below five per cent and above five per cent has been hiked to Rs.20 and Rs.24 respectively.
  • He also announced a hike in value added tax on petrol from the existing 12 per cent to 15 per cent. Even with this increase, the price of petrol will be in the range of Rs 65 per litre, which is still substantially lesser than the neighbouring states.

Parrikar’s budget mostly focuses on public sector. Although, Parrikar is well versed in the politics and society of Goa and can be trusted with presenting a budget that at least will keep the public happy till the next year.