The Telangana government’s first fully fledged Budget (2015-16), which will be tabled in the Assembly next week, will disclose if the TRS government will go for a “realistic budget” or stick to the grandiose “Rs 1 lakh core budget”.
The maiden Budget last November, for a 10-month period, was a Rs 1-lakh core Budget. However, the government has hardly been able to make an expense of 30 per cent of it so far even as the March 31 deadline is nearing. Chief Minister K. Chandrasekhar Rao himself stepped in to draft the Budget this time.
At a recent press meet in the Secretariat, Mr Chandrasekhar Rao confessed that the government failed to meet the Budget goals for 2014-15 since the estimates projected were “too high” and the time of four months from December to March was short.
“TS Water Grid and Mission Kakatiya require Rs 25,000 crore and Rs 40,000 crore respectively over five years. The CM is working out opt-ions,” said Etela Rajender, finance minister.
