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Himachal to Present Budget on March 19

Himachal Pradesh Chief Minister Prem Kumar Dhumal, who also holds the finance portfolio, will present the state's budget in the assembly on March 19, 2012. The budget session will begin on March 9 with the address of Governor Urmila Singh. The session, with 21 scheduled sittings, will conclude on April 6.

The total expenditure in the state's budget for 2011–12 was pegged at Rs 16,708.47 crore with salaries accounting for Rs 5,881.66 crore, interest payments Rs 2,150.58 crore, loan repayments Rs 960.84 crore and pension Rs 2,210 crore.

The state has its own sources of tax and non-tax revenue. Non-tax revenues are mainly the sale of electricity and royalties on forest produce and extraction of minerals.

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