In the fifth annual budget of the BJP-led coalition government, the total budget allocation for 2022-23 is Rs 26,893 crore, an increase of 18.34% from the 2021-22 budget.
New schemes include Tripura Government Health Programme (Rs 20 crore), Tripura Startup Fund (Rs 150 crore), Khelo Tripura, Susto Tripura to inculcate healthy lifestyle habits and promote physical activity (Rs 650 crore), establish Mukhyamantri Nibir Matsyachash Biofloc units under Prakalpa (Rs 6 crore) and interest subsidy for pig farming activities (Rs 5 crore).
Dev Varma, who holds a financial and power portfolio, said no new taxes were proposed in the budget. “In order to make massive investments in infrastructure, in the budget estimate for 2022-23, capital expenditure is doubled from Rs 5,285 crore to Rs 5,285 crore.” Allocations to the education and health sectors have increased by 20.66% and 23% respectively,” the Deputy Chief Minister said.
Dev Varma, who announced that the retirement age for 13,500 Tripura Rifles will be raised from 57 to 60, said the monthly social pension for about 400,000 poor people will also be raised from Rs 1,000 from October this year to Rs 2,000 and an allocation of Rs 645 crore has been earmarked in the budget for this purpose.
Tripura is due to take the polls next year.Deputy Chief Minister announced
“Under this mission, the state government will provide women entrepreneurs with a 3 percent interest subsidy and set aside 50 percent of the funds for women in a state-created venture capital fund.”
“Despite the Covid19 challenges, the state government has responded in a timely manner, with a multi-pronged strategy to minimise the adverse impact and ensure a growth rate of 12.16 per cent this year,” Dev Varma said.
“I attach great importance to the education sector, allocating Rs 5,010 crore for the coming year, which is Rs 20.66 crore higher than last year. Starting from the next session, Rs 21 crore has been allocated for the establishment of the National Law University and will be allocated in the next fiscal to establish an English secondary college in the state annually,” the minister noted.
The budget states that about 41.19% of the total expenditure will be used to pay wages, salaries and pensions, while a total of 9.38% of the expenditure will be used to repay loans and pay interest.