FM – The New Indian Express

By Express press service

VIJAYAWADA: Despite the problems due to the economic downturn and the Covid pandemic over the past two and a half years, the state government has put in place social welfare programs for various sections to stabilize the economy of the state. state, said Finance Minister Buggana Rajendranath Reddy.

In his response to the general discussions on the annual financial statement (budget) in the Assembly on Tuesday, the minister said that the efforts of the government have enabled the growth rate of the GSDP to return to 18.47% in 2021-22 against 5% in 2020-21 and the increase in per capita income from 4.36% in 2020-21 to 17.58% in 2021-22. He said the growth rate of agriculture, which fell from 12.53 percent in 2019-20 to 10.4 percent in 2020-21, improved to 14.5 percent in 2021-22. Similarly, the growth rate in industries, which was 0.4% in 2020-2021 and 4.36% in 2019-2020, improved to 25.58% and in the services sector, the growth rate, which increased from 12.17% in 2019-2020 to 4.58% in 2020-2021, improved to 18.91%. “All this is due to the efforts of the state government. These numbers, especially those for the Industries sector, should put an end to the opposition’s rumblings on the issue,” he said.

Buggana, who peppered his 40-minute response with sarcastic remarks against the opposition, wondered why TDP members, who are supposed to be in the House to offer advice and suggestions, preferred to stay out and issue press releases. “Although they are not in the House, I have chosen to clarify the issues they have raised,” he said.

Stating that when YSRC formed the government, it inherited economic problems and huge debts from the previous TDP government. As she struggled to turn things around, the Covid pandemic hit. “The compound annual growth rate (CAGR) has been affected and government revenues have declined significantly. In 2021-22, against the expected Rs 85,077 crore, revenue was only 73,689 crore. However, we have not compromised on wellness activities and efforts to curb Covid. The state, which lacked laboratory infrastructure two years ago, has become one of the states with the best infrastructure to deal with Covid. The death rate was also limited to 0.67%, one of the lowest in the country,” he said.

Sustainable goals

Buggana affirmed that Andhra Pradesh is one of the best performing states in the country in achieving the Sustainable Development Goals in education, health and sanitation sectors. “Our focus has always been well-being and during the Covid pandemic this has helped stabilize the poor and the middle class,” he said.

The education sector alone was allocated Rs 29,720 crore and agriculture Rs 11,387 crore. BC Welfare received Rs 29,143 crore. Responding to the TDP for its criticism of the energy department allocations, he said that the TDP government allocated only Rs 2,138 crore for the sector in 2018-19, while the YSRC government allocated Rs 11,592 crore. crores of rupees for 2022-23. He said the most important achievement of the current government is the decentralization of administration through village and ward secretaries, which ensures transparency and accountability. The TDP government allocated Rs 6,448 crore to social welfare in 2018-19 but only spent Rs 2,198 crore, allocated Rs 4,513 crore to BC Welfare but spent Rs 2,271 crore rupees. For minority welfare, it allocated Rs 1,102 crore but spent only Rs 668 crore.

While the current government in 2021-2022 allocated Rs 8,156 crore and spent Rs 7,128 crore on welfare with 15 days more. It has allocated Rs 12,387 crore for BC welfare and expended Rs 10,858 crore and in case of minority welfare, Rs 1,434 crore was allocated and Rs 1,242 crore was been spent.

On the issue of the PRC, he said, despite the economic problem due to the Covid pandemic, 27% of interim relief has been implemented for government employees, costing Rs 17,918 crore to the government and now 23% equipment has been granted which will cost Rs 11,707 crores this year. Moreover, with the Chief Minister’s assurance to waive nine months of IR adjustments, the state has to bear an outlay of Rs 5,156 crore.