Governor Tamilisai has approved the Budget bill for the coming fiscal year. Ministers Prashant Reddy and Harish Rao met the Governor last night at Raj Bhavan and invited her for the customary speech to be held on 3rd with a joint session of the Assembly.
The State government appears to be preparing a pragmatic State budget with more than Rs.3 lakh crore for 2023-24 which is likely to be presented in the Assembly next month.
All measures are being taken to ensure that the ongoing welfare and development schemes continue without hurdles even if the Centre continues to deny support.
The State government had presented Rs.2.56 lakh crore for 2022-23 including revenue expenditure of Rs.1.89 lakh crore and capital expenditure of Rs.29,728.44 crore.
The State fell short of nearly Rs.56,000 crore revenue including dues, funds, grants and compensation from the union government for the financial year 2022-23.
“Still, the State government registered significant growth of around 19 percent in its total revenues in November 2022-23 compared to the previous year.
Thus we could ensure implementation of all ongoing schemes without much delay, despite severe financial challenges including delay in release of funds from the Centre,” an official in the Finance department said.
