Budget preparation a herculean task: Etela Hyderabad, Oct 30 (INN): Finance Minister Etela Rajender said that the preparation of first budget of new State of Telangana proved to be a very difficult task.
Speaking to media persons here, Etela said that difficulties were faced in budget preparation due to bifurcation and shortage of officials. Stating that the State could not develop without adequate revenues, he said that equilibrium was maintained in revenues and expenditure.
The minister said that despite several constraints, the Telangana Government has set the process of development in motion by initiating several projects in the last five months. He said that Chief Minister K Chandrashekar Rao was committed towards the development of Telangana and funds would never be a constraint in this regard.
Etela is set to present the first budget of Telangana State on the first day of budget session of State Legislative Assembly on November 5.
News Posted: 30 October, 2014
|