Myth of welfare in Budget: PCC chief
The economic principle accepted around the world was that the welfare and development should go hand in hand. The government was implementing welfare schemes by raising loans wherever possible which would ultimately destroy the economy of the State. Rudra Raju said that Polavaram project, capital city, infrastructure and self-sufficiency in power sector were basic needs of the State but the government had no funds to invest in these sectors. The Budget relies more on the loans and Central grants, he said.
The PCC chief demanded a white paper on the State's economy to make crystal clear about the revenue and expenditure of the State to the people. The Congress was not against welfare schemes but against rising of loans to implement welfare schemes. The economy of the State is in a bad condition that it could not pay the salaries to the government employees in time. Under these circumstances, the industrialists would never set foot in the State with their investments.ere is not even minimal infrastructure in the newly formed districts, he said.