Manipur Chief Minister N Biren Singh tabled the budget estimates for 2020-21 during the 10th budget session of the eleventh Manipur Legislative Assembly on Friday.
Singh, who is also the Finance Minister-in-charge, informed that the total receipts for 2020-21 are estimated at Rs 20,146 crore.
He proposed a total expenditure of Rs 21,224 crore out of the consolidated fund of the state.
He further said that out of the total expenditure, an amount of Rs 2,066 crore is charged expenditure while the remaining Rs 19,159 crore is voted expenditure.
Singh further informed that the revenue receipts are estimated at Rs 18,083 crore and capital receipts at Rs 2,063 crore.
He further informed that Manipur’s tax and non-tax receipts in the Budget Estimates are Rs 1,325 crore and Rs 257 crore respectively.
Receipt from state’s share in central taxes and duties is estimated at Rs 5,630 crore, the CM said.
He also informed that the current year is expected to have a budgetary deficit of Rs 1,720 crore as against the deficit of Rs 1,405 crore in 2019-20.
Singh further informed that the state government has given topmost priority on education.
He also announced that the state government is planning to develop tourist spots across the state and for this an allocation of Rs 18 crore has been made in BE 2020-21.
“Tourism not only provide steady revenue but it also generates jobs for the youth,” he said.