Wednesday 21 April 2021

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Economy | Budget

CM plans village tour for budget inputs

 

Chief minister Manohar Parrikar is planning to tour rural areas as a part of his budget exercise.

He plans to present his second budget on 18 March, the first day of the Assembly session.

Parrikar will tour the villages and get inputs from the grass root level to make it a practical and realistic budget.

Meanwhile, he has already begun consultations with senior government officials.

The first meeting held yesterday lasted for almost three hours.

Besides meeting the officials, the CM also plans to meet the professionals as well as all the stakeholders.

The CMO has even appealed to the general public to send valuable suggestions for the budget.

This year’s budget is expected to be a tight rope walk to Parrikar due to mining crisis that has hit revenue collection drastically.

As presented before the National Development Council by Parrikar in November last year, Goa has lost almost 25 to 30 per cent of its revenue while creating non-performing assets to the tune of Rs 2000 crore.

Parrikar has pegged the negative impact due to halt in the mining activity on GDP to the tune of Rs 4,000 crore, which would be offset up to Rs 3,000 crore by implementation of various measures.

According to CM, tax collection in the markets like Sanvordem and Bicholim (mining belt) has decreased by 30 per cent.

Also the collection in the tax on vehicles has decreased by 10 per cent.

Parrikar also needs to announce more sops in the mining belt to tackle the unemployment issue.

It needs to be seen what kind of alternate economy the budget proposes to the mining industry.


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