Budget session will be in mid-March, New budget will be promising: KCR

0
CM KCR is holding budget review meeting with the Finance Minister Harish Rao, CS Somesh Kumar and officials.
Advertisement

Chief Minister Chandrashekhar Rao hinted that the 2021-2022 State Annual Budget would be promising.

Advertisement

The CM held a high-level review meeting here at Pragati Bhavan on Saturday on the preparation of estimates of Budget proposals. The CM took into consideration and examined the department wise Budget estimates and the financial reports prepared by the officials.

The CM said several welfare and development programmes would continue including the present sheep distribution programme. The CM said the families of Kuruma and Yadav communities are benefitted under the scheme and as an extension of 3.7 Lakh Sheep, which are already distributed, another 3 Lakh units of Sheep would be distributed. And proposals to this effect would be made in the coming Budget, the CM said.

The CM said the Centre appreciated the Sheep distribution policy and it also recognized that the Telangana state is progressing to become the most Sheep populated state and against this backdrop, the scheme would be continued. Similarly, the fish distribution programmes would also be continued as it proved to be a successful programme and it was also benefitting the fishing community in the State.

The CM said due to the Corona pandemic, the state had incurred a loss of Rs 50,000 Crore and its impact reached to Rs one Lakh Crore. However, the CM pointed out that in the post-Corona period, the State’s economic activities are revived and the income increased in various forms. He said there is a possibility of more allocations in the coming Budget compared to the last financial year Budget.

The CM said guidelines for the preparation of Budget estimates have been finalized in today’s high-level review meeting and Finance Minister Harish Rao from tomorrow will have meetings with R&B, Panchayat Raj, Municipal Administration, Education, Irrigation and with coordination of Finance department officials. After the exercise with all the departments done on the Budget, CM will give the final touches to the Budget.

The CM said that the Budget Session of the Telangana Legislature might take place in the middle of this month March.

Finance Minister Harish Rao, Government’s Chief Advisor Rajiv Sharma, Chief Secretary Somesh Kumar, CM Principal Secretary S Narsing Rao, Financial Advisor GR Reddy, Principal Secretary Finance Ramakrishna Rao, Secretary Ronald Ross, CMO officials Bhoopal Reddy, Ms Smitha Sabharwal and others participated.

Advertisement