Assam Finance Minister Himanta Biswa Sarma Presents Rs 2,350 crore Deficit Budget 2017-18

Assam Finance Minister Himanta Biswa Sarma Presents Rs 2,350 crore Deficit Budget(घाटे का बजट)  2017-18 The Assam Finance Minister Himanta Biswa Sarma presented the state Budget for the session 2017-18 on February 7, 2017 in the state assembly.The budget was based on the theme “Resurgent(पुनस्र्त्थानशील) Assam”.  As per the Minister the state Budget 2017-18 was Rs. 2,349.79

crore deficit Budget. The budget presented merged (विलीन) Plan and Non-Plan expenditures(व्यय). The Government has redefined the role of Planning & Development Department. The department has been rechristened to the Department for Development and Transformation(परिवर्तन) of Assam (DDTA).

The Budget Estimates of 2017-18, proposes to have a receipt of Rs 84,732.16 crore under consolidated fund of the state. Out of this, Rs 70,719.61 crore is on Revenue account and Rs 14,012.55 crore is under Capital account.

Deficit Budget(घाटे का बजट)

A budget deficit is an indicator of financial health in which expenditures exceed revenue. The term budget deficit is most commonly used to refer to government spending rather than business or individual spending, but can be applied to all of these entities.