By Express News Service
Published: 15th March 2016 05:08 AM
Last Updated: 15th March 2016 05:08 AM
HYDERABAD: “Cutting down on wasteful expenditure, revenue augmentation and enhancing allocations for welfare are our goals,” finance minister E Rajender said in his budget speech on Monday.
Accordingly, the state government has reduced the number of its schemes from 840 to 461. “We have deleted 380 wasteful schemes from this budget,” he told reporters after presenting the budget.
He told the House that provisions proposed for next year and provisions for this year were not strictly comparable department-wise. “As part of the rationalisation of expenditure, a number of plan schemes with similar activities have been clubbed together in a number of departments and a few schemes with only a salary expenditure have been shifted to non-plan from plan. Mission Bhagiratha and two-bedroom housing are proposed to be funded entirely from extra-budgetary resources. No provision has been made under the plan for these schemes except provision required for counterpart funding.”
On the state’s economy, he said that the GSDP was estimated to grow at an impressive rate of 11.7 pc in 2015-16 at current prices, despite a negative growth in agriculture and allied sectors. “This growth rate is more than the national average of 8.6 pc.”
““The policies formulated and being implemented in mission mode by the government have been well-received by people. Nothing satisfies a committed government like ours more than an endorsement of its policies by the people for whom they are meant.”
“In addition to such an endorsement, our government has received several ratings and accolades from within the country and outside. We are not resting on these laurels. These have made us more determined and conscious of our duty towards achieving Bangaru Telangana,” the finance minister said.
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