#Punjab Finance Minister Parminder Singh Dhindsa presents the budget for the year 2016-17 in the Punjab Vidhan Sabha. FM commend Budget proposals of Rs. 86,387 Crore and the Annual Plan for Rs. 25,479 Crore for the year 2016-17 to the house for approval.
The total Budget size for the year 2016-17 is ₹86,387 crore. However the effective budget size is ₹66,887 crore as the above figure contains a budget provision of ₹19,500 crore towards ways and means transactions for the current year. The year begins with a negative opening balance of ₹610 crore. The total receipts are likely to be ₹66,095 crore. The closing balance at the end of 2016-17 would be (-)₹85 crore.
Excess of Expenditure over Receipts in 2016-17 (BE) ₹791 crore to be met from Public Account (₹1,316 crore), Opening Balance (-) ₹610 crore with Closing Balance of (-) ₹85 crore.
As per estimates, fiscal deficit will be 2.88% of GSDP and Revenue deficit will be 1.76% of GSDP.
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Budget Speech 2016-17 Hindi
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Budget at a Glance