Tripura gets Rs 258 Cr financial discipline award
Agartala: The central government has awarded Rs 258 crore to Tripura for being the best state in terms of financial management, officials said here on Thursday.
"As per the guidelines of the 12th Finance Commission, the state government had introduced a fiscal responsibility and budget management (FRBM) system and maintained a strict financial discipline among all departments," state Finance Minister Badal Chowdhury said.
"Of the Rs 258 crore, the government has already received Rs 68 crore and the centre reduced the interest of central loan from 16 per cent to 7.5 per cent," he said.
A report of the FRBM would be tabled in the winter session of the Tripura assembly, beginning on Friday, reports IANS.
The 12th Finance Commission was constituted to make recommendations for distribution between the union and the state governments of net proceeds of shareable taxes and other revenues besides consolidated funds of states. It submitted its report to the central government in November 2004, making recommendations for the period 2005-10.
"The Tripura government has no revenue deficit since 2000, and we are holding meetings every three months to review the financial management," Chowdhury said.
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