Key takeaways at the ongoing Manipur Budget Session 2023-24; House passes 8 demands for grants

Imphal: The 3rd Session of the 12th Manipur Legislative Assembly which began on February 21 has already had four sittings till Friday. The ongoing budget session 2023-24 will go on till the 3rd of March, 2023. 

On Tuesday, chief minister N Biren Singh, the leader of the House, presented in the assembly the budget for 2023-24 with an expenditure proposal of Rs 35,022 crore out of the consolidated fund of the state.

The budget proposal is people’s-friendly and focuses on education, health, sports, and agriculture, said the chief minister.

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The estimated revenue expenditure for FY 2023-24 at Rs 20,292 and capital outlay estimated at Rs 10,013 crore.

The chief minister, who also holds a finance portfolio, presented an estimated Rs 891 crore budget deficit for the financial year 2023-24. Last year, the deficit budget was of Rs 1230 crore, he said.

The estimated fiscal deficit is at Rs 2760 crore, which is 6.1 percent of the GSDP and total outstanding debt as a percentage of GSDP is projected at 39.935.50 percent, the chief minister said.

The Gross State Domestic Product (GSDP) for 2023-24 is estimated at Rs 45,145 crore, he maintained.

The Leader of the House also presented the Fourth Report of the Business Advisory Committee, 2023 and the Supplementary Demands for Grants, 2022-23.

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On Wednesday, the members of the Manipur Legislative Assembly unanimously passed the Supplementary Demand for Grant 2022-23, which amounts to Rs 54,960 crore for various departments.

The chief minister also introduced “The Manipur Appropriation (No.1) Bill, 2023” in the House.

On the third day (Thursday) of the ongoing budget session, the House unanimously passed eight demands for grants amounting to Rs 4734,93,21,000.

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The eight demands were moved on the Assembly floor by chief minister N Biren Singh, the leader of the House.

The amount for voting of demands for grants for State Legislature was Rs 252,20,86,000, for Council of Ministers was Rs 15,27,88,000, Secretariat Rs 180,49,77,000, Transport was Rs 62,34,74,000, Education was Rs 3291,78,35,000, Co-operation was Rs 41,72,37,000, Sericulture was Rs 51,25,69,000 and Water Resources was Rs 839,83,55,000.

It may be worth noting that the third session of the 12th Manipur Legislative Assembly began on February 2 with a customary address from the then Manipur Governor, La Ganesan who is now the Governor of Nagaland state.

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