Kolkata: In the GST regime, West Bengal has recorded 13.78 per cent growth in its own tax collection for the financial year ending this 31 March as compared to the previous fiscal year.
“There has been a significant increase in the states own tax collection. The tax collection in 2017-18 has gone up to Rs. 52,971 Crore as compared to Rs. 45,647 Crore in 2016-17, a gross increase of Rs. 7,300 Crores,” Chief Minister Mamata Banerjee announced on social media this evening.
Attributing this to the “focused and persistent approach” and “consistent and close monitoring”, Banerjee said that the growth has been possible “despite the adverse effects of demonetisation and hasty implementation of GST on the economy.”
She also informed that Bengal’s plan expenditure in 20017-18 has grown by 16.5 per cent to Rs 57,778.60 crore from Rs 49,609 crore in 2016-17. This is way beyond the budget target of 11 per cent.
Similarly, capital expenditure has grown by nearly 59 per cent from Rs 12,028.5 crore in 2016-17 to Rs 19,084.7 crore in 2017-18. This is a “record”, the Chief Minister has maintained.