Government has Reduced the Budget on Central Grants

Telanga-Lands-SleHyderabad:  The Telangana government has considerably reduced its budget estimates on central grants from Rs 21,720 crore last year to Rs 12,400 crore this year going by its experience last year. Nearly Rs 4,147 crore. Similarly, in case of non-plan grants, it had estimated Rs 9,939 crore, but got only Rs 1,346 crore.
The earning Rs 13,500 crore through regularization of lands and buildings and sale of lands, though it could not earn anything from these scheme last year though estimated at Rs 6,500 crore.
“Last time, when the LRS scheme was introduced, there was no time. It was launched in January and concluded by the end of Feb. By the time, we can take the scheme to the public, the deadline was over.
But this time, we have a full year from April 2015 to March 2016.We are confident of earning Rs 13,500 crore through regularization as there are lot of illegal lands and buildings in the city and other municipalities”, he said.
“The centre has drastically reduced plan grants to states from Rs 3,14,814 crore last year to Rs 1,80,293 crore this year.Consequently,plan grants to Telangana state from the centre are budgeted at Rs 6,497 crore compared with Rs 11,781 crore last year. For this reason, we could not raise the state plan outlay”, he added.
“It is ironical that the centre as budgeted for a fiscal deficit of 3.9% of the GDP in 2015-16 but states are being asked to limit it to 3%.A revenue surplus state like Telangana should be allowed to take loans up to 4% of GSDP”, he said.

Medaram Jathara

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