Telangana to go for calendar year budget

Hyderabad, May 16: Chief Minister K Chandrashekhar Rao has said that in tune with the Centre’s thought process and in accordance with its proposed policy, the state government has plans to introduce the Budget from the calendar year to calendar year (January 1 to December 31).

KCR is having discussions with the State’s Finance department and other higher officials in this regard.

The CM has also instructed Finance Minister Etela Rajender, Principal secretary to Finance Ramakrishna Rao and other officials’ team to pay a visit to Madhya Pradesh to study where the Budget is already being presented in the new format i.e., calendar year to calendar year.

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