The State government has decided to go in for the mid-term review of 2020-21 Budget as the State’s revenues have dipped due to the Covid-19 pandemic.
In the 2020-21 State Budget, the estimated market borrowings are Rs 34,000 crore at 3.5 per cent of GSDP. The GSDP of the State is around Rs 9.69 lakh crore.
They said the students were only trying to bring their problems to the notice of the State’s rulers at the Assembly.
They also said that the Hyderabad city would witness tremendous development thanks to the huge allocation of funds made in the State Budget presented on Sunday.
The allocation for industrial promotion has been increased from Rs 21.55 crore to Rs 1,132 crore in the 2020-21 state Budget.
An estimate of Rs 236.88 crore has been allocated to the Hyderabad Police Commissionerate, around 1,180 crore more than the previous allocation of Rs 56.49 crore.
As per the assessment of the State government, it requires Rs 50,000 crore to develop Hyderabad, but as a first step towards ensuring this, Rs 10,000 crore was earmarked for the same.
It indicated that the Detailed Project Report (DPR) for Phase 2 has not been approved yet by Chief Minister K Chandrasekhar Rao.
While the government has allocated a budget of Rs 10,421 crore for school education and Rs 1,723 crore for higher education, it would build 268 new Gurukul schools for students from SC communities.
The government has formulated the double bedroom housing scheme in October 2015 and in the 2018-19 fiscal year, Rs 2,643 crore was allocated to the housing scheme.
Of the amount allotted, around Rs 532 crore will be given as loan to the corporation for buying buses.
MAUD’s high allocations comes as it is the governing body for all municipal bodies in the State, water supply bodies, HMRL and other key bodies in the State.
While the State has increased the size of the 2020-2021 Budget as compared to previous year, the very size of it is questionable.
The State government also decided to give crop loan waiver amounts through cheques, instead of depositing them in the banks.
As per 2019-20 Budget estimates, the government had allocated Rs 6,000 crore for crop loan waiver.