Preparations for State Budget are on: Anam

Finance Minister Anam Ramnarayan Reddy on Tuesday informed that the preparations for the next budget were on.

Talking to reporters at Secretariat Media Point, the Finance Minister said that Chief Minister N Kiran Kumar Reddy has given the nod for the 2013-14 budget and the process for its preparations have already been initiated.

The budget session of the State Legislative Assembly is likely to begin on March 11 and the State budget would be presented on March 15. For the first time, the State Government will be going for a Vote-On-Account for three months period in the financial year 2013-14 before getting the sanction for full-fledged budget on the lines of the Centre. After getting approval through vote-on-account on or before March 28, the House will adjourn so that the budget proposals are examined by the legislative groups.

The House will meet again in the month of May to incorporate or reject the standing committees' recommendations and finally pass the Finance Bill.

However, Ramnarayan Reddy did not divulge details of budget preparations.

Wishing the citizens a happy New Year, he said that the State Government did not conduct any official celebrations in view of Delhi gang-rape case incident.