panaji it could cost goa dearly but political parties offering freebies appear to have not bothered about the financial implications of the manifesto promises they have made in a generous mood they have offered people direct largesse that will actually have to be raked into government coffers through other means possibly indirect taxes say economists cheaper petrol may lead to burning fuel unnecessarily free power and water to schedule castes and weaker sections may lead to wastage doles to the unemployed and housewives money to spend the perks may garner political parties a few more votes but whoever comes to power may end up creating an additional burden of 1000 crore per annum to the exchequer sources said if the promises are fulfilled it will definitely create a huge financial burden a source said agreeing to this legal and economic affairs commentator prabhakar timble said the state will have to mop up additional revenue through optimum exploitation of the existing indirect tax structure he pointed out that there is substantial revenue leakage which can be plugged to ring in better fiscal management there is a lot of revenue seepage in state excise and sales tax and i dont think we have tapped more than 50 to 55 of it timble said concurring with timble a source stressed that there is tremendous scope in increasing revenue collection and plugging the leakage and pilferage through better financial management if the goodies are offered then there should be financial management but the experience of last four to five elections shows that poll promises and even the budget remains only on paper the source said another source pointed out that if power is subsidized it may be the beginning of the collapse of yet another sector goas electricity department is the only one in the country which generates a surplus and makes a profit the source said in other states there is a huge subsidy component due to schemes of free power and water goa assembly elections 2012elections 2012 news