Telangana govt plans next budget on Jan 1

The Telangana State Government is planning to devise a new budget system, regular audit of the department-wise allocations, expenditure and seek utilisation certificates and plug loopholes in the execution of the works at high prices reported in a few departments. 

As a first step towards this direction, the State Government has decided to introduce next budget in a new format from the calendar year to calendar year -- January 1 to December 31. 

Chief



minister K Chandrasekhar Rao, during a meeting with top officials of the Finance Department, said that in accordance with the Centre’s thought process, the state government has plans to introduce the new budget from the next calendar year.

KCR instructed Finance Minister  Eatala Rajender, Principal Secretary (Finance) Ramakrishna Rao and other officials to visit Madhya Pradesh to study where the budget is already being presented in the new format this year.