Govt. gearing up to prepare annual budget
[ad_1]
The Finance Department is gearing up to prepare the State annual budget for the monetary yr 2021-22. The train is probably going to start within the first week of January 2021.
According to info, the officers will accumulate the department-wise proposals and focus on the identical with the respective heads of departments. Later, Finance Minister B. Rajendranath Reddy will maintain discussions with the Ministers involved.
Finally, the Finance Minister will apprise Chief Minister Y.S.Jagan Mohan Reddy in regards to the proposals obtained from every division.
This yr too, the lion’s share of budget could also be allotted to welfare as the federal government has been laying thrust on implementing the Navaratnalu schemes.
In its first budget in 2019, the YSRCP authorities had focussed on the Navaratnalu — the 9 welfare schemes protecting farmers, girls, medical and well being, training, and Special Category Status (SCS), and had allotted ₹2.27 lakh crore for the aim.
In 2020, the federal government had introduced the budget with a complete outlay of ₹2.24 lakh crore, which was 1.40% lower than the earlier yr’s outlay.
