ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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allocations for 1994-95 cannot be expected to impart any significant growth impulses to the economy, directly or indirectly. The government's aggregate expenditure is budgeted to rise by 5.2 per cent from Rs 1,43,872 crore in 1993-94 (RE) to Rs 1,51,699 crore, but as a proportion of GDP it will decline to 16.7 per cent from 18 per cent in 1993-94 and 19.8 per cent in 1990-91. While non-Plan expenditure is slated to rise by Rs 7,272 crore or 7.4 per cent, Plan expenditure will creep up by Rs 556 crore or 1.2 per cent from Rs 46,024 crore in 1993-94 to Rs 46,582 crore. Interestingly, .while budgetary support for the central Plan has been marginally raised from Rs 25,012 crore to Rs 27,278 crore, central assistance for the staes and union territories has been reduced from Rs 21,014 crore to Rs 19,304 crore. With meagre growth in shared tax revenues, larger repayment of past loans to the centre and a growing interest burden, the net transfer of resources from the centre to the states and union territories will be lower by Rs 1,780 crore in 1994-95 against an average increase of Rs 4,818 crore (15.3 per cent) per annum in the previous four years. The Planning Commission's Annual Plan for 1993-94 has pointed out how, in the first two years of the Eighth Plan, the shortfalls in state Plan outlays have been alarming. With the projected curtailment of central assistance, the shortfalls in the states' Plan outlays are bound to be further aggravated

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