Hyderabad: Chief Minister K. Chandrasekhar Rao will request Prime Minister Narendra Modi to offset the loss to state exchequer due to the currency crisis during his trip to New Delhi that began on Friday.
TRS MP Burra Narasaiah Goud said that the state faces a Rs 1,200 crore deficit in the Budget and the figure could be higher, since the market is still fragile.
Mr Rao has been stating from the day he took over the reins of the state that Telangana is a surplus state, and accordingly, had launched several schemes.
“CM will discuss the deficit Budget issue with the PM. State will face a severe revenue problem. We estimate a Rs 1,200 crore Budget deficit. We have taken up several developmental schemes. We welcome economic reforms but it should not turn into a case of political one-upmanship,” Mr Goud said in New Delhi.
TRS sources said that clarity would emerge on party and government programmes and policies after Mr Rao meets the PM and other Union ministers in New Delhi on Saturday.
“Though market is recovering slowly, it will take some more time for things to settle. The common man is put to huge hardship due to constraints on exchange of old Rs 500 and Rs 1,000 notes and businessmen due to shortage of smaller denomination notes,” another TRS leader said.
Sources said that the CM was keen to continue flagship programmes like Mission Bhagiratha and Mission Kakatiya, Asara pension scheme, and the proposed construction of new power projects to ease the power situation in the state before next polls.
“The government has already clamped down on expenditure for various programmes and is focussing only on priority projects. There will be further tightening of the expenditure. Since the Centre too is reeling under the impact, we don’t expect much support from it. We will seek offsetting of loss due to crisis, but won’t bank on it,” an official said.
