Hyderabad: Chief Minister K. Chandrasekhar Rao will introduce the Budget for the 2019-20 financial year in the Assembly on Monday while Mr T. Harish Rao, sworn-in on Sunday and given the finance portfolio, will present it in the Legislative Council.
The Cabinet which had met at Pragathi Bhavan here on Sunday evening under the leadership of Mr Chandrasekhar Rao, approved the Budget estimates.
Sources disclosed that the Chief Minister told the Cabinet that the estimates were prepared keeping in view the actual situation in the wake of the economic slowdown in the country.
Sources revealed that Mr Chandrasekhar Rao said that the economic slowdown will impact the gross state domestic product (GSDP) but while preparing the Budget the officers were asked to ensure balance while allocating the budget for welfare and development activities.
The Cabinet also said to have discussed the new Revenue Act and the amendments to the new Municipal Act in view of then Governor E.S.L. Narasimhan’s objections to certain provisions.
Sources said that the Council of Ministers also discussed the allocation of funds for the construction of the new Secretariat and Legislature Complex.
Sources said Mr Rao also discussed the strategy to counter the Opposition in the House as they will likely raise the shortage of urea, the difficulties with the irrigation projects and the issue of the sharing of the waters of the Godavari river with Andhra Pradesh apart from the incidence of dengue and viral fevers.
