YS Jagan Mohan Reddy’s Government has tabled 2,27,974 Crore Budget for fiscal 2019-20. This is 19% more than the previous budget while YSR Congress says it has inherited debt trodden economy from the Telugu Desam Party. Around 75000 Crore has been allocated to the Social Welfare Schemes.
A majority of that is for the implementation of Jagan’s Navaratnalu promised during the Padayatra. While the allocations are great, the major challenge is to find funds. The government may have to impose more conditions in the identification of beneficiaries for various schemes to decrease the burden.
Except for the Pensions, the allocations for the remaining schemes looks unrealistic for now. Moreover, if the government is honest about its promise to implement phase-wise liquor prohibition, the revenues will go down further creating funds crunch further for the State Government.
Various Development Projects and Irrigation Projects have got a raw deal in this budget. Jagan intelligently bought some time by having separate dates for the implementation of each of his schemes. But that is more of temporary relief. The government has to pay huge money as interests every month. So things are not as easy as they appear.Don't MissNani’s Gang Leader Is A DisasterIt is the ninth day since its release. And we are now in the second...Don't MissNow, A Believable Update about Sye Raa Satellite RightsThis morning we have reported that the news about Zee Network bagging the Satellite Rights...Don't MissTDP Loses Another Senior Leader, Former MP No MoreTelugu Desam Party lost another Veteran Leader just in the span of one week. After...Don't MissGaddalakonda Ganesh Sets Record For Varun Tej By Big MarginDefying the pre-release expectations, Gaddalakonda Ganesh has set new opening day record for Varun Tej....Don't MissCRDA Warns Demolishing Chandrababu's House in A WeekCRDA Officials have pasted another notice on Former Chief Minister Chandrababu Naidu's rented house in...