Budget disappointing: YSRCP 

New Delhi ; Terming the Union Budget for the year 2022=23 as disappointing, YSRCP has said that they had expected a booster dose but it appeared like all style but no substance. 
Speaking to media here on Tuesday, the Parliamentary Party leader V Vijayasai Reddy said, the allocation of Rs 1 lakh crore for capital expenditure seems huge but when it comes to the State share as per the set formula Andhra Pradesh gets just 4.047 per cent which works out to just Rs 4,000 crore.
In case of FRBM as well while the set norm is not more than 3 percent of the GSDP for States there is no parity with respect to Centre on the borrowings. The State is still bearing the brunt of the previous government, he said. 
Giving figures he said while the fiscal deficit of union budget was 9.3 per cent for 2020-21, 6.9 per cent for 2021-22 and is estimated at 6.4 per cent this year, Andhra Pradesh registered a deficit of 5.48 per cent and 3.94 percent during the past two years and yet there are strictures on FRBM.
He said that the proposed budget for 2022-23 is nearly 40 lakh crore, with an increase of Rs 4.5 lakh crore than that of the last fiscal and stated that the Country’s growth rate for 2021-22 is at 9.2 percent, much better than any other country, especially while fighting Covid. Further, he appreciated the increase in capital expenditure by 35 percent than the previous allocations, where Rs 7.5 lakh crores has been allocated in the current budget which is 20 per cent of the budgetary allocations. 
Speaking on interlinking of rivers Krishna-Godavari, Krishna-Penna, and Penna-Cauveri, he said that the State government had already interlinked Godavari-Krishna Rivers with its own funds and thus appealed to compensate the State. The State government has been pushing for three development projects which include a dedicated freight corridor from Kharagpur to Vijayawada, freight corridor connectivity to ports in Andhra Pradesh and Bhogapuram National Highway, but no announcements were made in this regard, he said. Similarly, he mentioned that no announcements were made towards the development in healthcare sectors and no attention was paid towards research and completely ignored health insurance for the middle class people.
In regard to agriculture, he said that the Centre had completely ignored increasing the allocations of PM Kisan and failed to include tenant farmers under the scheme and also ignored paddy procurement policy and MSP for crops. Also, he stated that the shortfall in GST compensation of states was not addressed in the budget and ignored to extend the compensation period.
He welcomed increase of tax deduction limit of State employees to 14 percent, duties reduced on Shrimp production and aquaculture. He also welcomed the Centre’s take on Crypto currency, as RBI itself is coming up with a digital currency.
The Party opposes the privatization of profit making public sector units like the LIC, HPCL, VSP and the like; he said adding that there was no encouraging mention of NREGS. The budget also has no mention of health insurance to middle income group which forms over 56 per cent. 
The MP assured that they are pursuing the 10 issues put by the Chief Minister and stated that they were already referred to the committee.

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