Task Force Method’ For Budget preparation

Task-Force-Method'-For-BudgFor 2015-16, Telangana’s Budget preparation exercise has reverted to the conventional method after the ‘task force method’ devised by Chief Minister K. Chandrasekhar Rao failed to achieve desired results.
To finalize budget proposal, Mr Rao formed over a dozen task forces for all major departments to devise the Telangana’s first Budget last year against the convention of finance minister holding meetings with ministers and officials of specific departments.

Finance minister Etela Rajender has started the Budget preparation exercise for 2015-16, which is expected to be presented to the Legislature in March second week.

Last year Mr Rao had himself interacted with task forces several times by conveying special meetings stating that the new state needs not a ‘routine budget’ but ‘a Telangana-centric Budget’ which should address the needs and priorities of Telangana.

Mr Rajender said “Though the Budget was meant for 10 months from June 2014 to March 2015, its life was only for four months from December 2014. This was the reason for not achieving the budgetary targets. But this time, we will present a full Budget and will be more practical in our approach.” Cabinet colleagues and heads of departments to be ‘realistic’ while drafting Budget proposal said the minister.

Medaram Jathara

Connect with us

© 2012 - 2016 VIL Media Pvt Ltd. All rights reserved,
Contents of v6news.tv are copyright protected.Copy and/or reproduction and/or re-use of contents or any part thereof,
without consent of VIL Media is illegal.Such persons will be prosecuted.