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Budget will strengthen the rural economy: CM

Hyderabad: Chief Minister K. Chandrashekhar Rao has described the budget presented by Finance Minister Etela Rajender today as the one useful for welfare of the people and for the progress of the State’s economic development.

The Chief Minister said that the budget was a deviation from the traditional budget, based on the ground realties and is a perfect match to the needs of the State. He expressed confidence that the budget would strengthen the rural economy.

He hailed the Finance Minister for giving equal importance to all sectors and for giving justice to all thereby balancing all sections. He is also happy that in the Budget allocations are made for the betterment of the lives of the Poor, women and small level employees.

KCR is particularly happy the way large funds are given to the SC/ST/BC/Minorities/ people in hereditary professions. He also congratulated the Finance Minister for giving more allocations to the sectors that were neglected under the united AP rule.

The Budget is formulated after properly estimating the financial resources in the state, having a good understanding of the actual needs and to utilise the human resources. Though the Centre made changes, the State Finance ministry quite efficiently had allocated funds for the progress and administrative Heads.

He said it is a good development that an effort is made to reduce the administrative expenditure and instead increase expenditure on welfare, development and progressive schemes.

The Chief Minister congratulated Finance Minister Etela Rajender, Principal Secretary (Finance) Ramakrishna Rao, Finance Secretary Sandeep Sultania, Advisor GR Reddy and the CMO officials for preparing such a good Budget.

Ministers and MLAs thank the CM

Several Ministers, MLAs have met the CM in his Chambers in the Legislative Assembly and congratulated him on the Budget which is aimed at strengthening the rural economy.

Under the leadership of Minister Talasani Srinivas Yadav, leaders of Yadav and Kuruma Community have gifted the Chief Minister with a flock of Sheep and the fishermen presented KCR with a fishing net.

The women legislators have congratulated and thanked the CM for enhancing the funds under Kalyan Laxmi/Shaadi Mubarak Schemes and for announcing special cash money for delivery of the pregnant women. (INN)

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