Outlay for State budget for 2021-22 to be downsized: CM
[ad_1]
But there isn’t a dearth of funds for preventing COVID-19 pandemic, Yediyurappa clarifies
Chief Minister B.S.Yediyurappa has stated that the State Budget for 2021-22 will be downsized given the monetary situation as a fallout of the COVID-19 pandemic.
Speaking to reporters right here on Saturday he stated that the monetary scenario was such {that a} downsizing of the budget was inevitable and the outlay was certain to be lower than what it was final yr.
The Chief Minister, who additionally holds the Finance portfolio, had tabled a budget with an out of ₹2,37,893 crore final yr. However, Mr. Yediyurappa identified that there’ll be no dearth of funds or sources to struggle the COVID-19 pandemic whereas expressing hope that the requirement may be much less within the new monetary yr.
“This is because COVID-19 was almost 90 per cent under control and hence the resources required too could be less than what was allocated last year.”
The Chief Minister had stated just lately that he would current the budget in March and the budget session of the State Legislature was to be convened from February 28. He had additionally admitted that the monetary place was not good due to the pandemic and floods.
Mr. Yediyurappa stated . he’ll apprise himself of the scenario arising out of the blast close to a quarrying website in Shivamogga that led to demise of six individuals on Friday. “I’ve already introduced compensation for the victims and ordered an inquiry in order to guarantee justice for all’’, he added. In reply to a query, the Chief Minister stated mining was important however motion will be initiated towards unlawful mining. Those with out permits have to get licence from the authorities and regularise the mining exercise failing which the deputy commissioners of the districts could have to provoke authorized motion.
You have reached your restrict for free articles this month.
