Telangana Budget-in-Brief report 2018-19 has errors and omissions which make it difficult to understand the finances of the state government. Such mistakes in such high priority reports presented to Legislative Assembly are totally unacceptable.
Posts tagged as “Telangana”
Facts first: The Budget 2018-19 of Telangana Government presents a rosy picture of growing revenue surplus. Revenue surplus is obtained by subtracting the revenue expenditure of the state from the revenue receipts (tax and non-tax revenues) of the state. The more the revenue surplus, the healthy the economy of the state. TRS Government shows rising revenue surplus through the years: Rs. 1,385 Crores in 2016-17 (Actuals), Rs. 1,545 Crores in 2017-18 (Revised Estimate) and Rs. 5,520 Crores (Budget Estimate) in 2018-19.
Accounting Fraud: However, as per CAG's (Comptroller and Auditor General) report on Telangana state finances for 2016-17, the revenue surplus of Rs. 1,386 Crores has been overstated by Rs. 6,778 Crores.
After years of struggle and sacrifices, Telangana became a reality in 2014. TRS got the public mandate and formed the first government of Telangana. It's almost four years now since Telangana's inception and when one takes a hard look at the finances of the youngest state of the country, a complete disarray of wrong priorities, populist schemes, financial mismanagement and creative accounting is witnessed.
10th class students in Telangana were in for a shock when Social Studies Paper 2 in the ongoing board exams had a question: Why did TRS secure more seats in 2014 elections?
What is the intent of this question? To answer this question and get marks, students have to write something positive about TRS. Guess what do you think students will immediately come up with: TRS is responsible for the formation of Telangana state. Obviously, the students and employees who sacrificed their education and career for Telangana are forgotten and so are those hundreds of people who sacrificed their lives.