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Record revenue collection at Rs 19,606 crore in UP

By Staff
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Lucknow, Apr 19 (UNI) Uttar Pradesh posted record revenue collection of Rs 19,606 crore during the fiscal 2005-06 against a target of Rs 19,440 crore.

The revenue realisation of Rs 19,606 crore surpassed last year's collection by Rs 3,728 crore.

Terming the record collection as beginning of a new era in the financial health of UP, chief minister Mulayam Singh Yadav said there would be no dearth of funds for development projects.

UP government spent Rs 14,190 crore on development, he added.

The CM claimed the previous government always hankered for more funds, while the present dispensation had strengthened its financial resources by following strict financial discipline.

''The Centre has not provided any special package so far to the state.'' The revenue realisation was 100.9 per cent of the target and showed an increase of 23.5 per cent compared to last year's target.

''A collection of Rs 2,471 crore was achieved under the non-tax revenue head, which was 110 per cent of the target at Rs 2,247 crore. Compared to last year, it was 22 per cent more.'' Mr Yadav said due to the effective strategy adopted by the state government, revenue saving of Rs 1,123 crore was expected in the budgetary estimates of the current financial year, which was going to be possible after a gap of two decades.

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