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| This is the fifth consecutive Budget of the Congress Government, led by Capt. Amarinder Singh. The vision spelt out in the last year’s budget was translated into a number of initiatives This budget reflects our continuing commitment to the goals spelt out in the earlier budgets and, at the same time, includes new initiatives to respond to the felt needs of the people. Through prudent fiscal policies and financial discipline, our Government has been able to pull the State out of the financial morass that it was in when it assumed office. This is evident from the following major fiscal indicators:- (Rs. in crore)
Fiscal deficit, which was 6.99% of GSDP in 2001-02 is likely to come down to 3.28 percent in 2006-07. Committed expenditure on salaries, pensions and interest payments is estimated to decrease from 118.24 percent of revenue receipts in 2001-02 to 73.91 percent in 2006-07. The revenue deficit, which was Rs.3781 crore in 2001-02 is expected to decrease to Rs.1390 crore in 2006-07. Continuing on the path of fiscal consolidation, State Government is hopeful of achieving revenue balance by 2008-09. Capital expenditure which was Rs. 682 crore in 2004-05 is likely to increase to Rs. 1980 crore in 2005-06 and Rs. 2376 crore in 2006-07. The State’s economy is picking up and the rate of growth is now 5.5 percent per annum whereas in 2001-02 it was only 2 percent. Development Highlights: We have, now, launched a credible development effort, after a gap of many years. The bold initiatives taken by the Government are:
The Third State Finance Commission has submitted its Interim Report, containing recommendations for devolution for the year 2006-07. With the implementation of the recommendations of the Commission, funds to the tune of Rs.496 crore will to be transferred to the Panchayati Raj Institutions and Urban Local Bodies during the year 2006-07. Out of this, the share of Panchayati Raj Institutions is Rs.308.03 crore and that of Municipalities is Rs.187.97 crore. Together with grants of Rs.99 crore, recommended by the Twelfth Finance Commission, which include Rs.64.80 crore for Panchayati Raj Institutions and Rs.34.20 crore for Urban Local Bodies; a total sum of Rs.595 crore will flow to the rural and urban local bodies in 2006-07. This is the highest level of devolution ever provided. Annual Plan 2005-06 performance: Plan performance during the current financial year has substantially improved over that of the last year. An expenditure of Rs. 2116 crore, against a plan provision of Rs.3557.86 crore has already been incurred (59.46%) as on 31.12.2005, as compared to an expenditure of Rs. 1183 crore during 2004-05. Annual Plan 2006-07 The size of the Annual Plan 2006-07 has been fixed at Rs. 4,000 crore against the revised outlay of Rs. 3557.87 crore for the year 2005-06 this indicates an increase of 12.42%. Agriculture: On the recommendations of the Punjab State Farmers Commission, the Government will implement an Agriculture Renewal Programme for small farmers with holdings up to 4 hectares of land. Such farmers constitute about 65 percent of agriculturists and cultivate about 30 percent of the agricultural land in the State. State Government has launched a set of programs to increase productivity in agriculture and conserve soil & water resources, which include:
A provision of Rs.292.24 crore has been made in the Annual Plan 2006-07 against an approved outlay of Rs.221.76 crore for the financial year 2005-06. Major works in this sector are:
Rural Development:
Urban Development: The Government plans to provide infrastructural facilities needed for the fast increasing urban population with the following proposals:
Government of India have approved, in principle, the setting up of an international Civil Air Port at Halwara in district Ludhiana, catering both to passengers and cargo. Industry:
An outlay of Rs.240.96 crore has been provided for this sector in the Annual Plan 2006-07, against the outlay of Rs.177.51 crore during 2005-06. The major projects under this sector are:
It has been decided that, all the 1,310 rural dispensaries will be handed over to Panchayati Raj Institutions, who will be provided funds at the rate of Rs 3.60 lac per dispensary per annum to engage service providers. A sum of Rs 48 crore is proposed to be devolved to Zila Parishads for this purpose in 2006-07. The following important initiatives will be launched to ensure comprehensive health care to citizens through a network of Public Sector Health Institutions:-
For 2006-07, the allocation under the special component plan has been increased from Rs. 934.62 crore (in Revised Estimates 2005-06) to Rs. 1154.00 crore, indicating an increase of 23.5 percent. An amount of Rs.65.65 crore has been provided in the Annual Plan 2006-07 exclusively for the welfare of SCs and BCs in the State. This outlay includes:
To help the aged, it has been decided to increase the amount of old age pension by 25% from Rs.200/- to Rs.250/- per month. The State Govt. will open 2691 new Anganwadi Centres under the Integrated Child Development Scheme. Relief and Rehabilitation The Government of India has announced a Rehabilitation Package for the victims of 1984 riots, many of whom had migrated from other States to Punjab. This Package announced in January 2006 will benefit about 23,000 families in Punjab. Punjab Government has already initiated steps to implement the Package, with an allocation of Rs. 450 crore for this purpose. Defence Services Welfare: Three important decisions taken by our Government are:
We expect an investment of about Rs. 2,500 crore through public private partnership in the next two years. The major projects through public-private participation already awarded by the Government are:
Other important infrastructure projects undertaken by the Government are:-
The State Govt. will launch a Public Transport Reform Programme with three important features.
Punjab Nirman Programme: The Government has launched the ambitious Punjab Nirman Program within an allocation of Rs. 500 crore. Out of this, Rs. 100 crore has been disbursed this year and Rs. 400 crore is proposed in the annual plan next year. The scope of the Program includes all major types of rural and urban infrastructure. Out of the total outlay of Rs. 500 crore, a sum of Rs. 100 crore will be spent on State-level initiatives. The balance Rs. 400 crore shall devolve to rural areas (Rs. 264.32 crore) and urban areas (Rs. 135.68 crore). Taxation The introduction of VAT has been the biggest tax reform in India since independence. We shall continue to address problems brought up by tax payers from time to time. In this regard, the following measures are being taken:-
The summary of the Annual Financial Statement according to the Budget Estimates 2006-2007 is as under: - Consolidated Fund (Rs. in crore)
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#2
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| Re: Punjab Budget 2006-07 Plz koi pad ke dasu ke daru hor sasti hoi ke nahi |
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#3
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| Re: Punjab Budget 2006-07
Lol, aithai economy di gal hundi aa, Dhillon jee nai inna detailed msg post kitta ta tainu daru di payi aa...haaaawwww
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#4
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| Re: Punjab Budget 2006-07
Asin ki lena ke khand sasti hoi hai., ya atta mehnga hoeya hai. |
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#5
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| Re: Punjab Budget 2006-07
koi na halai fikar na tai na sahi but jado ghar wali aa gi onai sidha karna, fai oto puchunga kai khand sati hoyi ya atta mehnga hoya :P
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#6
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| Re: Punjab Budget 2006-07
Wify le ke auani Khand mishri, chaa pe ke us nu hi chat leya karna. :D baki rehaa aataa daru pee ke khan di himat hi nahi rehndi rolf rolf rolf so oh problem b solve |
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#7
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| Re: Punjab Budget 2006-07
LOL jai koi khand mishri labu tadai na, mai jado gayi c India 2000 ch taan punjab ch koi changi ni takri, sariyan phaidi jiyan.Bathairiyan ta kali kalooti tai apnai aap nu pata ni ki sushmita sen samajhdi c , chalo soorat nayi taan seerat taan changi rakho par oh bhi ni.Khair jadon labhi,sanu zaroor dassi, baichari nai tenu cha hi ni deni.Taan rahi attai di gal, tu din ch kadai taan roti khanda houga ya saara din talli?![]() ![]() ![]()
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#8
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| Re: Punjab Budget 2006-07
O teri galt femi hai kudiye.....CHD bhareya peya khand di boriya naal :D rolf rolf bas sanu nahi labdi koi ![]() Chal rabb nu b pata hai, je us ne budget theek kita hai tan sade bhag we theek kar do. Koi chinta. nahi.. Vaise hai kudi apne aaap nu sushmita sen hi shamajdi hai rolf rolf rolf |
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#9
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| Re: Punjab Budget 2006-07
aa mufliyaan naal pee pee jee akk geya veer hun taa :D |
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#10
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| Re: Punjab Budget 2006-07
,amli jayai |
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#11
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| Re: Punjab Budget 2006-07
Hum hum hai baki pani kam hai............ ![]() |
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#12
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| Re: Punjab Budget 2006-07
lai jithai tusso hovo othai taan hamesha hi pani kam hunda,gal pallai payi? : |
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#13
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| Re: Punjab Budget 2006-07
Tun das tun ki karan aaaiii si ure budget vale thread vich. tun ki lab rahi sii ke lipstick sasti hoi ke nahi, ya nail polish de naal bindi free vala scheme hoi shuru ke nahi rolf rolf rolf |
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#14
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| Re: Punjab Budget 2006-07
haha nayi.Jado business kardi aa taan buss. warai har tha di jaankari honi chahidi.Tai lipstickan tai nail polish aithai kanneda bathairiyan,mai India ni auna ai lain layi.Tai bindi appa laundai ni, odan jado ai scheme shuru hou sabto pehla tenu dassna,apni wifey layi pre-vyah shopping kar layi |
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#15
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| Re: Punjab Budget 2006-07
Menu pata hai kudiyan da....sari jaga ghumdi hai.. par duldi uthe hai jithe sab to sasti mil rahi howe.... Typical indian kudian ewen di hundi hai. pawen oh world de kise b corner vich hon rolf rolf |
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