Tripura Deputy Chief Minister Jishnu Devvarma on Monday tabled a ‘tax-free’, ‘pro-people’ and ‘zero deficit’ budget with several proposals for youth, rural development, public distribution system and free smartphones for fresh graduates.
Devvarma, who holds the finance portfolio, presented a budget of Rs 17,530.46 crore and claimed that his government has succeeded in gaining a revenue growth of 14.5 per cent in the last one year due to better tax management and administrative policies.
The deputy CM also said that the government aims for a tax revenue collection of Rs 2,048.95 crore this financial year. The estimate accounts for a non-tax revenue collection of Rs 285.21 crore and Rs 12,764.30 crore fund receipt from the state, including a share of central taxes and deficit grants. This is slightly higher than the non-tax revenue provisions of Rs 12,506.18 crores in the revised estimates of the current financial year.