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Budget Untenable: Yanamala

Posted by on February 23, 2011 0 Comment

Hyderabad, Feb 23: The TDP senior leader and former finance miniser, Mr Yanamala Ramakrishnudu, described the State Budget 2011-12 as unrealistic and untenable.

In a statement, the former Finance Minister stated that there would be cuts during the coming year because of the cuts imposed by the government to the tune of 15 percent on the Plan Expenditure. While debts have increased, there was no development, he commented.

Mr Ramakrishnudu has stated that only Rs 30,000 crores would be remaining in the budget after the expenses and if Rs 15,000 crores out of it was allotted for the Jalayagnam, all other sectors would get only Rs 15,000 crores. He stated that this itself showed how realistic the budget was. Stating that the government was cutting Rs 500 crores each year for the Civil Supplies department, he said this indicates that there would be withdrawal of ration cards. He also lamented that allocations to agriculture and power sectors was reduced from last year’s allocations. Though figures were shown in the allocations to the welfare sector, no real expenditure was made on welfare, he said. He has predicted that there would be cuts in allocations in all sectors in the future. (NSS)

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