Finance Minister Explained Reasons For Presenting Vote-On-Account Budget

Hyderabad, Feb 10 (Maxim News): Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka explained the reasons for presenting the congress government’s first budget as a vote-on-account budget. The Finance Minister said the State government has a clear vision of polling its resources and plans to tap maximum funds from the Central government under various schemes.

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Pointing out that the Centre had recently introduced a vote-on-account budget, he said “Only if a full-scale budget is presented by the Government of India, we will be able to have a reasonable estimate of the funds that might be transferred to us. Hence, we have decided to introduce a full budget after the Central Government introduces its regular budget.” 

Concluding his speech, Bhatti Vikramarka stated that the State budget will change the course of the State and make it a people-centered development and their welfare. He alleged that the previous government made the State bankrupt, with the burden of unplanned loans being a major challenge. “Yet, we will stand by the people with planned developmental goals, ” he said.

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The Deputy Chief Minister also hinted at cutting down wasteful expenditure in day-to-day government operations and also disposing of certain assets “by curbing expenditure on unwarranted infrastructural assets.”  

“Our budget focuses on people’s overall development, progress, and their happiness, ” he said. 

BUDGET HIGHLIGHTS 

Total Budget – Rs. 2,75,891 crore

Abhayahastham schemes under six guarantees – Rs. 53,196 crore

Industries – Rs. 2,543 crore

IT – Rs. 774 crore

Panchayat Raj and Rural Development – Rs. 40,080 crore 

Musi Riverfront Development – Rs. 1,000 crore 

Municipal Administration and Urban Development – Rs. 11,692 crore

Agriculture – Rs. 19,746 crore 

SC Welfare – Rs. 21,874 crore

ST welfare – Rs. 13,313 crore

Minorities Welfare – Rs. 2,262 crore 

BC Welfare – Rs. 8,000 crore

Education – Rs. 21,389 crore

Medical and Health – Rs. 11,500 crore 

Housing – Rws. 7,740 crore 

Irrigation – Rs. 28.024 crore  (Maxim News) 

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