Goa CM presents revenue surplus budget of Rs 26,765 crore

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Panaji: Goa chief minister Dr Pramod Sawant on Thursday presented Rs 26,765 crore revenue surplus budget with the expected State Gross Domestic Product growth of 13.87 per cent.

Sawant, who also holds finance portfolio, presented the Budget during ongoing State Legislative Assembly session.

The chief minister presented Rs 26,765 crore budget for the Financial Year 2024-25 with revenue surplus of Rs 1,720 crore.

He said that the state Gross Domestic Product is expected to witness a growth of 13.87 per cent, with per capita income of Rs 7.64 lakh.

Sawant said that the state received Rs 750 crore as financial assistance from the centre for the last fiscal (2023-24), which is expected to rise to Rs 1,506 crore for FY 24-25.

The chief minister said that despite the financial liabilities like social welfare schemes, servicing of the debts and infrastructure government, his government, during last two fiscals have not imposed additional tax burden on the common people.

“We have worked out our finances through curbing of revenue leakages and prudent fiscal management,” he said adding that even for this fiscal, there is no additional tax burden imposed on common citizen.

The chief minister said that there are several leave and licence agreements (signed between government and private parties) which are not renewed, due to which there is revenue leakage.

“To curb this, we will be introducing a regulation for the leave and licence agreements,” he said.

The chief minister said that while increasing the fees for commercial establishments, land revenue and Town and Country Planning department, adequate precaution is taken that it does not impact the common citizens.

Sawant also announced one time amnesty scheme for the residential houses which are being illegally used as home stays, hotels and restaurants.

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