3 months ago
2
Several governmental leaders, erstwhile bureaucrats and representatives of civilian nine organisations slammed the State fund astatine a round-table league organised by Jana Chaitanya Vedika astatine Dasari Bhavan successful Vijayawada connected Wednesday (February 18), alleging that it lacked fiscal realism and failed to code cardinal payment and improvement concerns.
Retired IAS serviceman P.V. Ramesh, speaking arsenic the main guest, questioned the credibility of the budget’s gross projections. He noted that the State’s gross had grown by lone astir 5% implicit the past decennary to ₹88,000 crore and expressed doubts implicit the projection of ₹1.25 lakh crore this year.
He said the State’s full indebtedness had touched astir ₹14 lakh crore and termed the connection to rise an further ₹1 lakh crore successful loans arsenic imprudent, recalling that the 16th Finance Commission recommended limiting borrowings to 3% of GSDP.
YSRCP elder person and erstwhile MLA Malladi Vishnu alleged that thousands of crores of rupees successful dues nether Aarogyasri and interest reimbursement schemes stay pending, but allocations successful the contiguous fund were inadequate. He claimed that the authorities had borrowed ₹3.30 lakh crore implicit the past 20 months.
Jana Chaitanya Vedika State president Vallamreddy Lakshmana Reddy criticised the ₹500 crore allocation to the Price Stabilisation Fund and said the aforesaid magnitude earmarked for the Veligonda task was insufficient against the ₹4,000 crore required. He alleged overdependence connected excise revenue.
Other speakers, including K.S. Lakshmana Rao, Uppulati Devi Prasad and V. Rambhoopal, faulted the fund for inadequate absorption connected agriculture, tenant farmers, SC/ST sub-plans and irrigation projects successful Rayalaseema, describing it arsenic debt-driven and lacking inclusive growth.
