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 MissFans Serious Warning to NTRRight after NTR's elder brother passed away in a car accident, NTR has been telling...Don't MissDear Comrade Feeling The Heat From iSmart Shankar?Sometimes all eyes are one film, and then another comes out of nowhere are steals...Don't MissChiru's Son in Law Didn't Give up Yet!Megastar Chiranjeevi son-in-law, Kalyaan Dhev's debut movie 'Vijetha' was a washout, to be frank, a...Don't MissHit In Three Days - Where Will iSmart Shankar End?The Ram starrer Ismart Shankar has brought back the glimpses of Puri Jagannadh of the...Don't MissWorld Bank To Fund Jagan's Navaratnalu, Sakshi ClaimsIt is known to our readers that World Bank has dropped the proposed 300 Million...