Endorsement of Public Aspirations
Yanamala Ramakrishnudu described the 2026-27 annual budget as a reflection of the people’s hopes and aspirations. He noted that the budget was meticulously crafted with long-term benefits in mind, rather than just short-term gains. According to Yanamala, the allocations made in this budget are designed to address the needs of various sections of society, ensuring that the government remains accountable to the public’s expectations.
Emphasis on Debt Management and Financial Discipline
A significant portion of Yanamala’s praise was directed toward the budget’s focus on fiscal consolidation. He highlighted that:
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Debt Control: The budget introduces measures to control the state’s growing debt, which he considers a critical step toward economic recovery.
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Loan Restructuring: He expressed confidence that the proposal for loan re-scheduling and interest reduction would help pull the state out of the “debt trap” accumulated in previous years.
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Productive Expenditure: He emphasized the shift toward productive spending, which is essential for asset creation and sustainable growth.
Investment and Social Justice
The former Finance Minister also expressed his satisfaction with the budget’s “big push” for industries and investments, stating that these are the primary engines for job creation. Furthermore, he commended the government for prioritizing social justice, ensuring that welfare schemes reach the marginalized communities effectively. He concluded that this comprehensive financial plan provides a solid foundation for the state’s overall development and aligns with the broader Vision 2047 goals.
