3 months ago
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The Communist Party of India(CPI) has criticised the 2026-2027 State Budget, describing it arsenic a self-congratulatory workout that fails to onslaught a due equilibrium betwixt payment and development.
In a connection issued connected Saturday, CPI State caput G. Eswaraiah alleged that the conjugation authorities led by N. Chandrababu Naidu was engaged successful communal admiration alternatively of honouring its Super Six predetermination commitments. He said that contempt presenting aggregate Budgets, including an interim Budget, the authorities had not made advancement connected the promised unemployment allowance oregon the assurance of providing 4 lakh jobs annually. No occupation calendar had been issued truthful far, helium added.
He besides pointed retired that determination were nary wide allocations for the promised ₹1,500 monthly assistance to women. Government employees, helium said, were disappointed implicit the deficiency of clarity connected the constitution of the 12th Pay Revision Commission and the projected scrapping of the Contributory Pension Scheme.
The CPI person demanded enhanced allocations for large irrigation works specified arsenic the Veligonda task and sought clarity connected rehabilitation and resettlement measures nether the Polavaram project.
Expressing interest implicit the State’s mounting indebtedness burden, G. Eswaraiah referred to pending interest reimbursement dues, reduced allocations for payment schemes and a declining stock of funds for acquisition and powerfulness sectors. He cautioned that excessive dependence connected borrowings could undermine the State’s semipermanent fiscal stability.
