Chief Minister A. Revanth Reddy has directed the Finance Department officials to prepare a “realistic budget” for the next financial year with focus on reducing wasteful expenditure incurred by the departments.
The Chief Minister is particular that the budget should reflect the State’s financial situation, challenges it is confronting, and the objectives of the government. Steps should be taken to explain the factual situation to the people and the officials concerned were directed to prepare the budget proposals accordingly.
Mr. Revanth Reddy convened a meeting with Finance Department officials to review the status of budget preparation for the next fiscal on Wednesday. He wanted the officials concerned to prepare budget estimates in such a manner that they they reflect the real situation in terms of revenue receipts and the revenue expenditure as well as the expenditure that would be incurred on implementation of the welfare programmes.
