No new taxes proposed in BJP's first budget in Haryana

The total expenditure under the Budget Estimates 2015-16 is projected at Rs 69,140 cr, an increase of 13% from FY15

The BJP-led Haryana government today presented its Budget for the 2015-16 fiscal without proposing any new taxes.

Presenting the first Budget of the Manohar Lal Khattar government, Finance Minister Capt. Abhimanyu said that as per Budget Estimates, total receipts are projected at Rs 68,985.87 crore, including Rs 52,312.10 crore revenue and Rs 16,673.77 crore capital. The receipts are pegged at Rs 12,877.81 crore more when compared to Revised Estimates of the current fiscal.

"The total expenditure (excluding the repayments) under the Budget Estimates 2015-16 is projected at Rs 69,140.29 crore of which Revenue Expenditure is Rs 61,869.62 crore and Capital Expenditure is Rs 7,270.67 crore. This is an increase of Rs 7,690.47 crore and 12.52 per cent over the Revised Estimates for 2014-15," he said.

"Revenue expenditure will increase by Rs 6,950.52 crore and 12.66 and Capital Expenditure will increase by Rs 739.95 crore, an increase of 11.33 per cent over the Revised Estimates 2014-15," the FM said.

The state Finance Minister said, "Our government does not view the budget as a mere exercise of presenting the statement of government receipts and expenditure of a given year."

"I take this opportunity to enunciate our government's vision on economic development of the state and our strategy in the next five years," the FM said adding "Our government shall endeavor to take Haryana to its true growth potential through a policy of balanced development, encompassing all regions, social groups and strata and all sectors of economy."

"We shall leverage our strategic location and demographic advantage to create ample opportunities for growth for all citizens of Haryana," he said adding the BJP government believes firmly in the philosophy of "Antyodaya" and shall work untiringly for the social and economic upliftment of the poor and the deprived.