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Budget meetings in January
Highlights
A month long department wise meetings to take stock of the budget estimates will begin in the first week of January. According to officials in the AP State finance department, the pre budget preparatory meetings for the ensuing 2016 to 17 financial year are to begin after January 4.
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Hyderabad: A month-long department-wise meetings to take stock of the budget estimates will begin in the first week of January. According to officials in the AP State finance department, the pre-budget preparatory meetings for the ensuing 2016-17 financial year are to begin after January 4.
“The departments concerned have already begun preparation of budget estimates and they were asked to take part in the pre-budget consultation meetings from the first of January,” said a senior official from the finance department.
The schedule of the day and time for each department to make their presentations before the Finance Minister Yanamala Ramakrishnudu and senior officials of the finance ministry is being prepared.
“As the Finance Minister Yanamala Ramakrishnudu and senior officials of his ministry are engaged in a few pre-scheduled meetings, it was decided to undertake the pre-budget exercise anytime after January 4,” sources said.
As the government has decided to bring out a zero based budget, senior officials of departments concerned were asked to come up with the actual spending against the budgetary allocations during the current financial year.
“Three more months are left in the current financial year, and the State government is yet to spend about Rs 13,000 crore from the budgetary allocated funds.
This time around Irrigation, Municipal Administration and Urban Development, Agriculture and Welfare departments are learnt to have been considered as the departments having huge demands for the FY 2016-17,” the official added.
However, the government might not finalise the budget estimates before February as they are expecting a word from the Centre as the members of NITI Ayog submitted their report.
“This would help to incorporate the components of the Centre’s package in the budget to give a fillip to several of its proposed new schemes during the next financial year on planned allocations,” the sources add.
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