Mumbai : Chief Minister Prithviraj Chavan has said a policy decision on levying the toll and Local Bodies Tax will be taken before the ongoing monsoon session ends.

Addressing reporters after the government presented the Budget in the state assembly, Chavan said discussions were on with stakeholders and a policy announcement will be made soon.

While state’s traders have been opposing LBT, describing the process of filing the returns as complicated and a measure that would bring back “inspector raj”, Raj Thackeray’s MNS

launched a violent campaign in recent months over toll being collected without improvement in the condition of roads. Chavan said the State’s debt stood at Rs 3.04 lakh crore, 18.2 per cent of the state’s Gross State Domestic Product, which was within manageable limits.

“If the loan taken is below 23 per cent of the GSDP, there is no threat to the finances,” he said.

Deputy Chief Minister Ajit Pawar, who holds the finance portfolio, said the government has always informed the legislature about how the debt taken was spent.

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