State finance minister Abdul Bari Siddiqui, after delivering a 20-minute budget speech in the Bihar assembly, looked upbeat over the state’s fiscal health, saying it was in “good shape” and that the fiscal deficit, at 2.87% of the total GSDP of Rs 6.32 lakh crore, was well within the Fiscal Responsibility and Budget Management (FRBM) limit of 3%. Education and minority welfare have got higher allocations with an increase by Rs 15,389 crore, over and above Rs 1.44 lakh crore in 2016-17. PATNA: The Bihar government proposed no fresh taxes while presenting a Rs 14,555-crore revenue surplus budget on Monday, which envisages an expenditure of Rs 1.60 lakh crore in the fiscal 2017-18.
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