Kohima, Mar 18 (PTI) The first session of 12th Nagaland Legislative Assembly was adjourned sine die after passing the vote-on-account amounting to Rs 2,913.43 crore for the first four months of the fiscal 2013-14 by a voice vote. The vote on account was presented by Chief Minister Neiphiu Rio, who also holds the Finance portfolio. Rio told the house that the vote-on-account for the period April 1 to July 31, 2013, was approximately one-third of the estimated expenditure for the next financial year 2013-14. He said as per the current estimates, the total receipts for the fiscal was placed at Rs 9,260.51 crore and total expenditure estimated at Rs 8,686.69 crore, reflecting a positive balance of Rs 573.46 crore in the Consolidated Fund of Nagaland. However, after adjusting a deficit of Rs 609.24 crore in the Public Account, the current transaction of the year will result in a deficit of Rs. 35.78 crore, he said. He said that while the closing deficit of the fiscal 2012-13 is being estimated at Rs. 891.73 crore, the year 2013-14 is also estimated to close with a deficit of Rs. 927.51 crore. Speaker Chotisuh Sazo informed that the vote-on-account entitles the state government to withdraw Rs 2,913.43 crore from the Consolidated Fund of the State Exchequer towards several expenditure which may come up during the first quarter of the fiscal 2013-2014. He informed the members that the full budget for the new fiscal would be presented somewhere in the middle of the current year and clarifications and detailed discussion can be sought during the Budget session of the Assembly. Two other bills – Nagaland Appropriation Bill Number 1 and 2 were also passed by voice vote after some clarifications being sought by the Opposition Congress MLAs. Later, Speaker Chotisuh Sazo adjourned the House sine die. PTI NBS MM NS SK
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