Telugu Desam Party slams government for not forming Fiscal Council
The Hindu
Yanamala Ramakrishnudu said there was a gross mismatch between Budgetary allocations and expenditure incurred by the government on various heads.
Telugu Desam Party (TDP) Politburo member Yanamala Ramakrishnudu demanded that the government should form a State-level ‘Fiscal Council’ to streamline the finances, which were out of control, and also to ensure that the Budget rules were followed scrupulously.
In a statement on Monday, Mr. Ramakrishnudu said there was a gross mismatch between Budgetary allocations and expenditure incurred by the government on various heads.
The government was often going for supplementary grants. As a principle, the supplementary grants should not cross 10% of the target. It was, however, umpteen times.
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