October 21, 2021

GOA BUDGET 2021: INDUSTRIES, ANALYSTS, TOURISM OPERATORS SLAMS GOA GOVT FOR PRESENTING SURPLUS IMPRACTICAL BUDGET || CLAIMS IMPLEMENTATIONS WILL BE DETRIMENTAL AFTER 4 YRS

Finance Analysts,  Industrialist,  tourism players slams state government for presenting 12.8% surplus budget with marginal fiscal deficit at the legislative assembly.  Observers express concern over state government policies of integrating four years future deficit, to curb current shortfalls.

Reacting to budget 2021, Goa Chamber Of Commerce and Industries, Travel and Tour Association of Goa, Technical observers, Financial Analysts have expressed concern over a 35 % inflated budget, with a marginal deficit during the lockdown phase of pandemic outcry.   

According to   Analysts the actual budget turnover practically achievable up to Rs. 14,000 crores for the financial year 2021 – 22.  Observers claim that the government’s policy of integrating a future deficit of four years could be detrimental for the state after the next 4 years.  They also claim that most of the announcements would not be practically executable due to improper financial provisions.   

The Goa Finance Minister, Dr. Pramod Sawant on Wednesday presented around Rs. 21, 646.68 crores surplus budget, with fiscal deficit maintained for the current year is at 2.96% of GSDP.  

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