In view of the and given the paucity of time, indications within the finance department suggest that avoteonaccountwill be introduced instead of a full-fledgedbudgetbeing placed for the 2022-23 fiscal. The finance department has already started working on a vote-on-account budget in anticipation of a new government being formed.
With the term of the current government at its fag end, the administration has opted not to table a full-fledged budget and has left it to the new government that is sworn in after March 10 to outline its own financial roadmap.
A similar practice was followed in March 2012 when the state faced elections for the 40-member House. In 2017, within 10 days of being sworn in, then chief minister Manohar Parrikar had presented a full budget for the state.
While the financial estimates are being prepared, the projections for Capital Expenditure will be left up to the new government that is sworn in, said finance department officials. They also pointed out that 10-year state development loans taken from 2012 onwards, when mining came to a halt, will come up for repayment in the current financial year. The repayment will weigh down the states finances and budgetary allocations.