The Haryana budget for 2010-11 presented today increased the total plan outlay marginally by Rs100 crore to Rs10,500 crore and proposed to impose a surcharge on value added tax to generate additional resources for local bodies, including panchayats.
While the state is expected to earn Rs 30,085.98 crore in revenue in the next fiscal, the deficit is projected to be Rs845.82 crore.
Finance minister Captain Ajay Singh Yadav, who presented the Budget, said the revenue deficit is under manageable limit, and "primarily on account of pay increase arising out of the Sixth Pay Commission."
Though the Budget did not reveal the rate of surcharge on VAT or the total collection under the head, it said 80% of the total amount will be allocated to urban bodies and the rest to local.
The total expenditure of state has been projected at Rs33,600.84 crore involving revenue expenditure of Rs28,482.64 crore and capital expenditure of Rs 5,118.20 crore.
The total expenditure for 2010-11sees a jump of Rs2,004.73 crore over expenditure of 2009-10.
The annual impact of pay increase for 2010-11 stands at Rs2,600 crore while arrears and pension bill work out at Rs1,570 crore.
The Budget announced a state annual plan of Rs 10,500 crore for 2010-11, marking just Rs 100 crore increase over annual plan of Rs 10,400 crore of 2009-10.
In addition to it, state will get funds to the tune of Rs1,363.58 crore from centrally sponsored schemes, which will make total plan of Rs 11,863.58 crore.
Out of the annual plan, Rs 6,377.41 crore is allocated to the education sector, Rs 4,642.71 crore to power while Rs1,073.62 crore to agriculture sector.
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