July 9, 2014
State`s finances have improved significantly in the last three years: Finance Minister
State Finance Minister Dr Amit Mitra Tuesdaysaid that capital expenditure has increased from Rs 2,225 crore in 2010-11 toRs 7,554 crore in 2013-14.
After placing the West Bengal AppropriationBill 2014, Mr Mitra said that the state`sown revenue generation which stood at around Rs 21,128 crore in 2010- 11, isslated to grow to Rs 45,414 crore by the end of the current financial year of2014- 15.
The revenue receipt on this count increasedfrom virtually zero from the Left Front regime to Rs 1,283 crore as per theactual figures for 2012- 13, Rs 1,436crore as the revised estimate figure of 2013- 14 and Rs 1,651 crore as per thebudget estimates of 2014- 15.
According to him the state`s debt to GrossState Domestic Product (GSDP) improved from 39.54% during 2010-11 which is thelast fiscal of the previous Left Front regime to 35.33% in 2013- 14.
“This is a perfect example of how thestate achieved financial improvement during the last three years,” Dr Mitrasaid while giving his reply on the debate on the West Bengal AppropriationBill, 2014 during the extended budget session of the state assembly on Tuesday.
