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Telangana State to go for unified budget
The Telangana government is learnt to have decided to bid adieu to the traditional practice of the budgetary allocations under plan and non-plan by introducing ‘Common and Unified Budget’. Sources said the new budgeting system would come into force from the new financial year.
To do way with plan and non-plan budgetary allocations on the lines of the Centre
Hyderabad: The Telangana government is learnt to have decided to bid adieu to the traditional practice of the budgetary allocations under plan and non-plan by introducing ‘Common and Unified Budget’. Sources said the new budgeting system would come into force from the new financial year.
Under the new system, the common budget will be presented by allocating sector-wise funds. In the existing system, funds were being earmarked to pay salaries for the government employees, interest payments and subsidies under the non-plan while the allocations under the plan category included funds for welfare and development programmes.
A senior official of the state Finance department told The Hans India that the government had come to a conclusion at a recent meeting held with Chief Minister K Chandrasekhar Rao that the decades-old practice of making allocations under plan and non-plan categories would have no significance after the abolition of the Planning Commission by the BJP-led NDA government.
Earlier, it was mandated that every State should get the approval of the Planning commission for the planned budget estimations to get the central funds. Now, the union government already clarified on the devolution of funds to the states under 14th Finance Commission and 80 per cent grants to each centrally-sponsored schemes implemented by the State governments “The new practice gives more freedom in the preparation of budget as the government need not knock on the centre’s doors for its final approvals and seek funds every time,” the official maintained Sources said that the funds would be allocated to each department by merging plan and non-plan categories with a single head in the new system.
This would help the government to revise the budget proposals to meet fund requirement from time to time and also the optimum utilisation of funds under the SC/ST sub-plan. The departments will also get more freedom to utilize the funds without seeking permission from government for every occasion. Officials said that the government would take a final decision towards introducing the common budget before the start of the preparation of budget proposals for next year. State Finance department is likely to begin the exercise in December.
By Patan Afzal Babu
