Agartala: Tripura Deputy Chief Minister Jishnu Dev Verma, who is also holding the portfolio of the Finance department, presented a tax-free budget of Rs 26, 892.67 crores for the financial year 2022-23 on Thursday, with a deficit of Rs 596.52 crore.
Presenting the budget for 2022-23, Jishnu Dev Varma said that this year's budget is 18.34 percent higher than the previous one. In order to be able to make large-scale investments in infrastructure, capital Expenditure has been doubled to Rs 5,285 crore from Rs 2,651 crores last year. The budget deficit is Rs 596.52 crore.
Dev Varma said that the government will spend Rs 152.50 crore on six new schemes while Rs 518.93 will be spent on 19 new projects in Tripura. Laying the budget proposal on the table, Dev Verma said, “In the last two years, the COVID-19 pandemic has adversely affected economies across the world. Despite the COVID-19 challenge, the state government has responded timely to minimize its adverse impact through a multipronged strategy and has enabled the State GSDP to grow at an estimated rate of 12.16% during FY 2021-22. State GSDP is estimated to grow at about 13.28% in FY 2022-23 at constant prices”.