All style and no substance, says YSRCP
The Hindu
Vijaya Sai Reddy says the Union Budget is disappointing
Terming the Union Budget as disappointing, the YSRCP has said it has expected a booster dose, but it appears like ‘all style but no substance.”
Speaking to the media in New Delhi on Tuesday, MP V. Vijaya Sai Reddy said the allocation of ₹1 lakh crore for capital expenditure seemed huge, but when it came to the State’s share as per the set formula, Andhra Pradesh would get just 4.047 %, which worked out to ₹4,000 crore. “In the case of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, while the set norm is not more than 3% of the GSDP for the States, there is no parity with respect to the Centre on the borrowings. The State is still bearing the brunt of the actions of the previous government,” he said.
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