Gujarat Chief Minister Narendra Modi today described his Government's Budget for financial year 2012-13 as ambitious and one aimed at achieving "inclusive growth" in the state.
Commenting on the Budget proposals presented in the Legislative Assembly here, Modi said Gujarat, over the last ten years, has attained prosperity and equitable development through fiscal discipline and management, coupled with optimum utilisation of monetary, natural and human resources.
The Budget will fuel "inclusive growth", he said.
"While the first five years of the previous decade were required to even out previous deficits, the following five years were used to lay the foundation of a strong Gujarat. Now, the next decade would be even more glorious for the state, befitting the 21st Century."
The steps initiated by the Government in the past and present would make the state economically stronger, prosperous and competitive, he said.
"During the 12th Five-Year Plan, which begins with fiscal 2012-13, Rs 2.51 lakh crore is proposed to be spent in Gujarat till 2017. In contrast, Rs 2.30 lakh crore is estimated to have been spent in the state during all the previous 11 Five-Year Plans put together," Modi said.
Earlier in the day, Finance Minister Vajubhai Vala presented a Rs 1,01,712-crore Budget and announced Rs 410 crore relief in taxes.