PORVORIM: Admitting revenue resource reduction in the State, Governor Satya Pal Malik said that the Government is working “meticulously to improve the revenues of the State”.
In his address to House, the Governor also said that the Gross Domestic Product (GDP) of Goa is expected to achieve a growth rate of about 9.8 per cent during the financial year 2018-19 with a per capita income of Rs 5.04 lakh, which is highest in the country.
The Governor added that the State has been achieving economic progress despite the ban on mining activities, global economic slowdown and revenue resources reduction.
“You are all well aware that in spite of the mining ban, global economic slowdown and revenue resource reduction in the State, the Gross State Domestic Product estimates of Goa has registered a growth rate of 11.08 per cent for the year 2017-18 (Provisional) and expected to achieve a growth rate of about 9.8 per cent during 2018-19 (Quick) with a per capita income of Rs. 5.04 lakh,” the Governor said.
He said that the per capita income of the Goa is highest in the Country, more than three times of the National average, thus portraying a robust and healthy economy. The Governor also said that the State government is working “meticulously to improve revenues of the State.”
“The revenue collection through GST was Rs 2558.40 crore till December 2019. The excise revenue collection up to December 2019 has touched Rs. 351.55 crore showing a growth of 7.6 per cent compared to the same period of the previous year,” the Governor told the House.
“Revenue of Rs.194.10 crore has been collected towards registration of vehicles during the current year till December 2019,” he added.
The Governor added that the development journey so far was not easy and it is only due to ‘our determination, self respect and self confidence that the State has become a role model in certain areas, due to astute leadership and support and co-operation of the people of the State’.
