Patna, (Bihar Times): Bihar’s deputy chief minister,
Sushil Kumar Modi, claims that the state recorded a
massive economic upturn in the first two quarters of
the the financial year 2007-08, allowing the
government to increase its planned and nonplanned
expenditures by nearly 16 and 45 per cent
respectively.
Speaking on Friday, that is, on the concluding day of
the six-day winter session of the Assembly the deputy
chief minister, who actually holds the finance
portfolio as well, said a ‘truly efficient fiscal
management’ by the finance department had enabled the
state government to increase its own revenue
collection by as high as 39.82 per cent to Rs 3136.59
crores from Rs 2,822 crores during the April-October
last year.
He said that as a result the overall budgetary
expenditure under different heads had now been
increased to Rs 11,990.46 crores from Rs 10,031.22
crores. Modi said that during the same period the
central allocation to the state plan had also been
increased by a healthy 40.27 per cent to Rs 8889.10
crore.