Government facing revenue shortfall of ₹4,000 crore per month due to financial mess created by the BRS, says Revanth
The Hindu
Chief Minister Revanth Reddy admits state revenue shortfall, emphasizes need for increased funds to meet commitments and welfare schemes.
In a candid admission, Chief Minister A. Revanth Reddy has said that the State’s monthly revenue of around ₹18,500 crore was insufficient to meet the requirements and the State will require at least ₹30,000 crore a month if it has to fulfil all its commitments.
Mr. Revanth Reddy explained that more than one-third of the ₹18,500 crore, ₹6,500 crore goes for payment of salaries and pensions to employees every month and another ₹6,500 crore went for payment of principal and interest for the loans raised by the previous Bharat Rashtra Samithi (BRS) government. As a result, the government is left with ₹5,500 crore for implementing the welfare schemes.
“The Government will need at least ₹22,500 crore for meeting the committed expenditure while the revenue is ₹18,500 crore leaving a gap of ₹4,000 crore a month,” he said while releasing the diary of Telangana Gazetted Officers Association. He acknowledged the role played by the employees in taking the welfare and development programmes to the last mile and said it would take some more time for ushering in changes on the financial front.
He assured the employees that the government would proactively consider their demands and it would prefer negotiations with the employees unions in this regard rather than the staff resorting to dharnas and other agitations. Some vested interests were prompting the employees to resort to dharnas and agitations, he said cautioning the staff that they would end up losing if they fell in the trap of such forces.
On the demand for regularisation of the outsourcing staff engaged in Sarva Siksha Abhiyan, he said it was a Central government scheme and there was little scope for regularising their services. “We (the State government) would face legal consequences if we go against rules and procedures,” he said.
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