Hyderabad: The state government’s revenue earnings bounced back in the last quarter of this fiscal (January-March 2021) after remaining low for the
first three quarters (April-Decemer 2020) due to the corona impact.
Enthused, the government has decided to take the last quarter
earnings into consideration while drafting the new Budget 2021-22 to be presented to the Legislature on March 18, official sources in the finance department said.
The decision was taken on the basis of instructions from Chief Minister K Chandrashekar Rao at the meeting he held with finance officials at Pragathi Bhavan to finalise the Budget proposals. Officials were asked to draft a realistic budget, based on the improved earnings in the last quarter.
This implies that there would not be much of a variation in the new budget size compared to the last year’s budget though the state government’s earnings took a nosedive in the first quarter (April-June 2020) in the context of the lockdowns and the…