Maharashtra presents farm-friendly budget for 2017-2018

Mumbai March 18 (IANS) Maharashtra Finance Minister Sudhir Mungantiwar presented a farmer-friendly Rs 4511 crore deficit budget for the year 2017-2018 here on Saturday.

In 2017-2018 the revenue receipts are estimated at Rs 243 737 crore against a revenue expenditure of Rs 248 248 crore showing a deficit of Rs 4 511 crore.

However Mungantiwar assured the government would attempt to bring down the deficit by reducing avoidable expenditures and effective revenues recoveries.

Last year in the budget 2016-2017 revenue income was estimated at Rs 220 810 crore but he said it was likely to touch Rs 220 011 crore leaving a deficit of Rs 799 crore.

The budget was tabled on Saturday amidst noisy scenes by the Congress-led opposition which vociferously raised its demands for a complete farm loan waiver package by the government.

--IANS
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