Kolkata, April 2 (IANS) West Bengal Chief Minister Mamata Banerjee on Monday said the state’s capital expenditure and plan expenditure has grown by 59 percent and 16.5 percent respectively in 2017-18, compared to the previous financial year despite the “adverse effects of demonetisation and hasty implementation of GST”.
“Plan Expenditure has grown by 16.5 percent as against our target of 11 percent, from Rs 49,609 crore of 2016-17 to Rs 57,778.60 crore in 2017-18. Capital Expenditure witnessed a growth of nearly 59 percent from Rs 12,028.50 crore in 2016-17 to a record Rs 19,084.70 crore in 2017-18,” she said in a tweet.
Banerjee also said that the state has also registered “significant growth” in its tax collection in the last financial year.
‘There has been a significant increase in the states own tax collection. The tax collection in 2017-18 has gone up to Rs 52,971 crore as compared to Rs 45,647 crore in 2016-17, a gross increase of Rs 7,300 crore,” she added.