HYDERABAD: The strategy is to redirect expenditure from less productive schemes towards investments which will result in lasting benefits to people. It is to prioritise the completion of ongoing tasks rather than taking up new ones.
As a part of rationalising schemes, the government is likely to terminate the flagship schemes like the sheep distribution scheme.
“One of the major sources of non-tax revenues to the State is royalty and seigniorage fees from mines and minerals. The possibilities of rationalising other non-tax revenues of the state are also being explored,” the strategy document said, adding that most of the borrowings of the government are being utilised for capital expenditure and this will result in income-generating assets.
Focus on taxation
The policy statement also said that efforts will be made to encourage digital transactions and thereby improve tax compliance and seek votes in Chandrayangutta Assembly constituency which is represented by AIMIM MLA Akbaruddin Owaisi. Responding to a request made by Akbar to complete the Metro project, Revanth said that the Old City was the original Hyderabad. He recalled that his government laid the foundation stone for the Old City Metro project from MGBS to Falaknuma.
Revanth’s plum offer to Akbar
The Assembly witnessed some lighter moments during the discussion on the Budget when the chief minister invited Akbar to contest from the Kodangal Assembly constituency on a Congress ticket. Revanth further offered Akbar the post of deputy chief minister with the Finance portfolio if he agrees to contest from Kodangal. However, Akbar declined the offer saying that he would continue in the AIMIM until his last breath.