Thursday, March 02, 2006

NDA Lays Out its Maiden State Budget

Patna: March 1, 2006

The NDA government in Bihar led by Chief Minister Nitish Kumar, on Wednesday, presented its first budget ever showing a deficit of over Rs. 22 crore while proposing a hike of 16.11 percent in the total economic layout.

Deputy Chief Minister Sushil Kumar Modi, who also holds the state Finance department, presented the full budget for 2006-07 in the state Assembly while also promising to wipe off deficit by 2008-09 and bring down the deficit to 3 percent of state's gross domestic product (GDP) during the same fiscal year.

Touting the NDA government's remarkable success in changing the public perception of the state in a short period of three months, Modi said that his government had allocated Rs. 125 crore to connect all villages in Bihar with a minimum population of 500 with concrete roads under the ambitious 'Mukhya Mantri Gramin Sadak Yojana'.

Furthermore, Rs. 120 crore was allocated for the Guaranteed Employment Scheme earlier launched in 15 districts in Bihar, Modi said. "The entire funding will be generated by state's own resources since these districts are not covered by the national rural employment guarantee scheme," the Bhartiya Janata Party (BJP) leader said.
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