KCR expresses happiness over budget allocations

Telangana | Written by : Suryaa Desk Updated: Tue, Mar 14, 2017, 08:53 AM

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.