Increasing taxes in a major way for the first time since coming to power, the Trinamool Congress government in West Bengal today presented a Budget document for 2013-14.
However, despite taking steps to raise more money, the net revenue deficit increased significantly to Rs 13,308 crore in the revised estimates for 2012-13, against the projection of Rs 6,858 crore in the Budget estimate presented last year. For 2013-14, the net revenue deficit is projected to be contained at Rs 3,488 crore.Due to reforms in tax collection, the state is expected to marginally surpass its tax collection target to Rs 32,000 crore, against the budget estimate of Rs 31,222 crore last year, said Amit Mitra, finance minister. This year, revenue is expected to grow 24 per cent, to Rs 39,783 crore.

Source - http://www.business-standard.com