19 July : Nagpur:- Finance Minister Sudhir Mungantiwar said on Wednesday that the seventh pay commission will be applicable to state government employees in Diwali. After the implementation of the commission, the government exchequer will be subjected to a loss of Rs 21 thousand 530 crores.
The pay commission was implemented from 1 January 2016 to the central employees. Accordingly, the state employees will be given benefits. For this, a budget of Rs. 10,000 crores has been made. The Finance Minister will present the amount of outstanding amount in their PF, while applying for the wage commission’s retrospective effect.
The party’s claim of wrongful debt of Rs five lakh crores has been wrong due to the wage commission. At the end of March 2019, the state’s burden will go up to 4 lakh 61 thousand crores. The debt burden is calculated on the gross income of the state. Even though we have the opportunity to repay 25% of the gross income, today the state’s debt is 16.5%.
GST gets increased state’s income During April to June 2017, Rs 25 thousand 742 crore was received. After GST, Rs. 35,915 crore was received in 2018. This is 39.52 percent increase, he said.
Revenue expenditure reduction
The government has succeeded in bringing revenue spending from 50 percent to 45 percent as revenue increases, he said.