In the run-up to the 2024-25 State Budget, the State government is looking at “innovative measures” for mobilising the much-needed additional resources.
The Finance department has constituted a panel of experts to suggest methods to raise additional resources. The “raising of additional resources by various innovative measures is the only option left with the government for the ensuing Budget 2024-25” given the dwindling traditional revenue sources and the increase in revenue expenditure, a January 3 order constituting the panel observed.
The 14-member panel constituted by the Finance department includes C. P. Chandrasekhar, Professor Emeritus, Centre for Economic Studies and Planning, Jawaharlal Nehru University; 13th Finance Commission member Indira Rajaraman; Pinaki Chakraborty of the National Institute of Public Finance and Policy; and Ashima Goyal, Professor, Indira Gandhi Institute of Development Research, Mumbai; and several others.
