Budget News Update : Rs 773.43 Cr deficit budget tabled in Tripura assembly

Insight Online News

Agartala, March 19 : The Deputy Chief Minister holding the finance portfolio Jishnu Dev Varma today presented a deficit budget of Rs 22724.50 Cr for 2021-22, which was hiked by 118.09 per cent.

Dev Varma said the proposed budget indicated a deficit of Rs 773.43 Cr in spite of financial constraints due to Covid pandemic.

“We have not proposed new taxation but the deficit will be met up by better tax compliance and by austerity measures,” Dev Varma said in the assembly.

He stated that five sectors – tourism, information technology, agriculture and allied, health and education have been given priority besides proposing a number of new schemes.

The highest allocation growth is proposed in tourism by double followed by information technology, agriculture, health and education, Dev Varma said adding that setting up of a new national law university is proposed in the budget.

Apart from that more 15000 hectares would be brought under organic farming along with setting up of 10 bio-village where green technology would be used for development activities.

UNIINDIA

Leave a Reply

Your email address will not be published. Required fields are marked *