KCR expresses happiness over budget allocations

​Hyderabad: Chief Minister K Chandrasekhar Rao said the budget presented by Finance Minister Eatala Rajender on Monday was a perfect prescription for the needs of the State based on ground realities.

Pointing out that the budget was a deviation from the traditional budget, the Chief Minister said it was aimed at both welfare of the people as well as to facilitate the State’s economic development.

“I am hopeful that the budget will strengthen the rural economy,” he said, and hailed the Finance Minister for giving equal importance to all sectors and for giving justice to all, in the process, balancing all sections.

Stating that he was happy that budget allocations were made for betterment of the poor, women and low-level employees, Rao said he was particularly happy that huge amounts were allocated for Schedule Castes, Schedule Tribes, Backward Classes, minorities and people in hereditary professions.

He also congratulated the Finance Minister for giving more allocations to sectors that were neglected during the era of combined State. “The Budget was arrived at after properly estimating the financial resources in the State, having a good understanding of the actual needs and to utilise human resources,” he said.

Though the Centre brought about changes, the State’s Finance Ministry had efficiently allocated funds for development and administrative heads.

“It augurs well for the State that an effort has been made to reduce administrative expenditure and increase expenditure on welfare, development and progressive schemes,” he said.

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