INSUBCONTINENT EXCLUSIVE:
Hyderabad: Andhra Pradesh Chief Minister Y.S
Jagan Mohan Reddy has every reason to smile after the regular budget for 2021-2022 was presented in the Assembly on Thursday.It will ensure
successful implementation of cash transfer schemes that had built an emotional connect between him and the beneficiaries as reflected in the
the Chief Minister could roll out all the Direct Benefit Transfer (DBT) schemes in the last fiscal despite the worst pandemic impacting the
the bondage intact.As such, the Jagan Mohan Reddy-led state government did well in asset creation in the crucial education and health
sectors, both tangible in the form of buildings and equipment and intangible by way of incentivising mothers to send their children to
Minister seems to be confident about cash transfers this year too
He went on to announce an additional scheme for the economically backward classes women.The state might have witnessed a huge gap between
the budget outlay and actuals for 2020-21, Rs.1.85 lakh crore being realised out of the Rs.2.24 lakh crore outlay, but it has become a
regular feature for successive governments ever since Y.S
Rajasekhar Reddy, then Chief Minister of combined Andhra Pradesh, came up with a Rs.1 lakh crore budget some two decades ago
government, a close look at the Revised Estimates for 2020-2021 reveals that the finance department could manage the heavy load of DBTs with
the revenue receipts, which grew at a very low rate due to the lockdowns, standing at Rs.1.85 lakh crore
The unforeseen expenditure due to Covid-19 management had to be factored in while the huge pendency of payments which will be carried
forward to the current fiscal, again a regular feature, was discounted.The seven per cent overall expenditure growth from Rs.1.73 lakh crore
in 2019-2020 to Rs.1.85 lakh crore in 2020-21 was manageable for DBTs with six per cent growth in revenue from Rs.1.74 lakh crore to Rs.1.85
lakh crore for the corresponding period
crore from the open market
The borrowing from the Centre was also slashed to Rs.2,000 crore from Rs.5,000 crore
It showed a meagre Rs.2,000 crore hike in the share of Central taxes from Rs.24,441 crore, all coming close to the reality.This was possible
partly due to the government offloading some of its loan burden to power utilities and other corporations
The state fell Rs.21,000 crore short of the projected grant-in-aid from the Centre last year but it continued to project Rs.25,000 crore
Similarly, the state projected Rs.85,000 crore from state tax revenues against Rs.57,000 crore realised last year and Rs.7,000 crore from
year once normalcy is restored
We lost heavily on tax on petrol and diesel because of low consumption and this will definitely improve
Even after all positive factors contributing to revenue receipts, there will still be shortfall in achieving budget outlay
