VIJAYAWADA: Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy reviewed the Budget preparations with finance minister Buggana Rajendranath Reddy and senior officials of the Finance Department on Thursday. He asked the officials concerned to give importance to Navaratnalu in the Budget.
This will be YSRC government’s first Budget after winning a massive mandate riding on the huge popular wave, full of expectations.
Finance minister Buggana Rajendranath Reddy will present the Budget on July 12. The Budget sessions are likely to last for 15 days.
As the state has been reeling under a massive debt burden of Rs 2.98 lakh crore and huge revenue deficit, it is being closely watched as how the YSRC government will make ways to tide over the financial crisis and increase its revenue resources. This apart, the first Cabinet meet had already agreed to 60 per cent of the promises made under Navaratnalu.
Mr Buggana Rajendranath Reddy had earlier allayed apprehensions with regards to Budget constraints and said that it will allocate required funds for all programmes, including ones in Navaratnalu and the YSRC manifesto.
He also held pre-Budget consultations with Union finance minister Nirmala Sitaraman.
In the meeting, he requested Ms Nirmala Sitaraman to extend financial support to the state and release the funds.
Earlier, the Naidu Government had presented a vote-on-account Budget for 2019-20 in the Legislative Assembly....