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No new taxes in UP budget for 2003-04

November 14, 2003 15:57 IST

Uttar Pradesh Chief Minister Mulayam Singh Yadav on Friday presented a tax-free budget for 2003-2004 in the Vidhan Sabha with a net deficit of Rs 1,020.87 crore (Rs 10.208 billion).

Yadav, who also holds the finance portfolio, presented his first budget after assuming office in August this year.

Admitting that the state's financial health was very poor and the state was in a debt trap, Yadav sought to apportion the blame on his predecessors.

While no new taxes had been levied on the people in the budget, the government expressed confidence that it would strive to narrow the gap by generating resources and cutting down unproductive expenditure.

The erstwhile Mayawati government had taken a vote-on-account for the first six months of the current financial year.

The new government had also taken a vote-on-account for three months beginning September this year.

In his budget speech, marred by a noisy walkout by members of Bahujan Samaj Party protesting what they termed an 'anti-Dalit budget,' Yadav listed the achievements of his government during the past two-and-a-half months and announced his priorities.

He announced two schemes -- Accelerated Economic Development Scheme and the Kanya Vidya Scheme -- for rapid economic development and promoting education of the girl child.

The Uttar Pradesh government has listed the following priorities in the budget for the year 2003-4:

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