‘No restrictions on release of funds for government programmes’
Hyderabad: The State government has been releasing a total of over Rs 381 crore per month promptly to the urban and rural local bodies, to ensure smooth operation of Palle Pragathi and Pattana Pragathi programmes to carry out development activities. For the current financial year, about Rs 2,487 crore were released for execution of works, […]
Hyderabad: The State government has been releasing a total of over Rs 381 crore per month promptly to the urban and rural local bodies, to ensure smooth operation of Palle Pragathi and Pattana Pragathi programmes to carry out development activities. For the current financial year, about Rs 2,487 crore were released for execution of works, which amounts Rs 200 crore more than the monthly budget release.
In a statement on the financial condition of the State, Special Chief Secretary for Finance K Ramakrishna Rao said for the year of 2020-21, the State government has released Rs 1,929 crore against the Centre’s contribution of Rs 1,487 crore under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). For the current fiscal of 2021-22, the State government released Rs 1,432 crore so far and cleared dues amounting to Rs 1,002.5 crore. Further, the State government has released Rs 1,754 crore in addition to the Rs 733 crore of funds released by the 15th Finance Commission.
The Special Chief Secretary has rubbished the media reports over pending bills and stated that despite the financial hurdles due to the adverse impact of Covid-19, the Finance department has identified priority areas and was releasing necessary funds for all departments towards development works as well as welfare programmes to ensure smooth operations of the State government.
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