Rajasthan Interim budget 2014-15 Highlights, Full Budget: Rajasthan
Interim Budget 2014-2015 was presented by the Chief
Minister of Rajasthan Hon. Vasundhra Raje in the Assembly of Rajasthan.
She present 1st Financial budget of Rajasthan after formation of New
Government in December 2013. Rajasthan Chief Minister Vasundhara Raje on
Thursday presented an interim budget without any new tax or relief for
the first quarter of fiscal year 2014-15, while laying emphasis on
controlling the revenue and fiscal deficits estimated at Rs.2,505 crore
and Rs.18,301 crore respectively. Ms. Raje, who also holds the Finance
portfolio, said in her budget speech in the Assembly that the fiscal
deficit was likely to be 3.56 per cent of the Gross State Domestic
Product (GSDP) of Rs.5,13,688 crore, which was beyond the ceiling of 3
per cent laid down by the Fiscal Responsibility and Budget Management
(FRBM) Act. “The total expenditure during 2014-15 has been estimated at
Rs.1,12,955 crore. Against the revenue expenditure of Rs.90,752 crore,
the revenue receipts will be Rs.91,483 crore. We are committed to
bringing the fiscal deficit to less than 3 per cent of the GSDP,” she
said. Ms. Raje later told journalists that the government would continue
work on the oil refinery project in Barmer district and the Jaipur
Metro Rail Project, started by the Ashok Gehlot regime, with revised
budgetary allocations.
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