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Patna, (Bihar Times): The Centre has indicated that Bihar might get Rs 5,000 crore less of the actual plan size of Rs 16,000 crore for the financial year 2009-10.
Replying to the debate on the budget speech in the state legislative assembly on Tuesday, deputy chief minister Sushil Kumar Modi said that this would put the state in financial strain. He said the state would have to bear additional burden of Rs 4,300 crore in meeting the expenses on salary, pension etc. |
Modi assured that notwithstanding this cut in the plan size the state would implement the development programmes and that The state government is mobilising fund from its own resources. It has generated funds by collecting commercial taxes to the tune of 25 per cent which is a record.
The deputy chief minister, who also holds the portfolio of finance, said that government in the state had spent Rs 35,136 crore of the plan in four years. Inspite of the fact that the Centre reduced the plan size by Rs 2,048 crore the state carried on developmental schemes.
He further said that the Centre had allowed the state to have loan worth Rs 6,000 crore, but in all likelihood the state would procure more loan from the market to meet the expenses on road, power and health sectors.
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