Assam’s chief minister Himanta Biswa Sarma stated on Friday that the state was able to spend one lakh crore in fiscal year 2021-22, putting it in the league of the country’s largest states in terms of spending.
Sarma remarked in the Assembly that Assam had achieved a “milestone” for the first time as in last fiscal year its spending was Rs one lakh Crore.
Our expenditure in 2016 was Rs 42,000 crore. This year, we plan to increase it to 1.5 lakh crores, CM stated.
According to Sarma, the transport department has a revenue of Rs 1,000 crore. “Our GST collection has grown, and the transfer of central sector grants has been positive.”
“From 2015-16 to 2019-20, Assam’s GDP grew at a rate of 8.9%, while the national rate was 6.7 percent. Despite the COVID-19 epidemic, Assam saw strong growth from 2020 to 21”, he said.
“We are growing at a rate of 95%. Assam is one of the few states that saw positive growth in the previous fiscal year”, he added.
According to the chief minister, Assam is expected to expand by 9.1percent in 2021-22.
Sarma further added the state has achieved these financial success by increasing the capital expenditure and realisation of revenue expenditu