‘Focus is on increasing rural per capita income’

Yanamala Ramakrishnudu holds pre-budget meeting

February 16, 2018 07:27 am | Updated February 17, 2018 03:40 pm IST - Vijayawada

Yanamala Ramakrishnudu

Yanamala Ramakrishnudu

Finance Minister Yanamala Ramakrishnudu wants the budget to be drafted in such a way that it gives an impetus to the per capita income of rural households and agriculture and allied sectors.

He has suggested that the focus should be on bringing down the revenue expenditure and increasing the capital expenditure to give a boost to the economy in the long run.

Addressing a pre-budget meeting with officials of the Municipal Administration and Urban Development, Agriculture, Cooperation, Marketing and Animal Husbandry departments on Thursday, Mr. Ramakrishnudu said various departments were asking for additional allocations without spending the sums given to them.

Metro rail

The departments that did not stick to the priorities could not expect budgetary support beyond norms, he stated.

Minister P. Narayana said there was a need to make adequate allocations to enable his department to take up 41 projects, including urban housing and the Visakhapatnam and Vijayawada metro rails.

Agriculture Minister Somireddy Chandramohan Reddy requested Mr. Ramakrishnudu to give due importance to farm mechanisation and modern agricultural practices.

Marketing Minister Ch. Adinarayana Reddy wanted that a corpus of ₹500 crore be created for extending support for marketing of various crops.

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