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Budget Deficits But For People’s Benefit Only...

State Finance Minister Ajit Pawar presented the interim budget in Maharashtra Assembly. Overall the budget was a balanced one fulfilling the needs of both the urban and rural population. On this backdrop #AjitPawar is explaining the causes of budget deficits.

 

 

Food Security scheme was the prime focus of the interim budget. We gave more priority to that no one will remain hungry in state. Special attentions were paid on the employment, issues of women and health services.

 

 

This budget is surely with deficit. The major reason behind this 20 percent power tariff cut down for consumer across industry, agriculture, domestic and commercial. For this, State government has to pay around Rs.700 cores monthly as subsidy whereas it may cost Rs. 8 thousand 400 cores yearly. Therefore, this interim budget has seen with deficits.

 

( Read more here - goo.gl/YULcO0 )

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Uploaded on March 4, 2014
Taken on March 4, 2014