Ever since she came to power, Ms Banerjee has been complaining that West Bengal is broke, thanks to the previous Left government.
"We have managed to raise tax collections by 35 per cent. But we can't make ends meet," Ms Banerjee said. "It is my misfortune. Had I any idea of the state's financial condition, would I have taken up this position? Oh my God! This is a dangerous place. A few of us are struggling against all odds. I believe if we auctioned West Bengal, there would be no buyers."
Her remark has outraged the opposition Left and Congress who feel Ms Banerjee is unable to run the state.
"Her budget speaks for itself. Non-planned expenditure has surpassed planned expenditure and there is economic anarchy in this state," said leader of the Opposition, CPM's Surya Kanta Mishra.
When her Trinamool Congress was a part of Dr Manmohan Singh's coalition, Ms Banerjee had repeatedly demanded a moratorium on the interest owed by Bengal on crores taken as loans from the centre. She now has little bargaining power.