The 2016-17 Budget presented in Telangana Assembly today by Finance Minister E Rajender would pave the way for rapid progress of the fledgling State, Chief Minister K Chandrasekhar Rao said.
The Finance Minister maintained a balance by giving appropriate importance to all the sectors, Rao said.
He hailed allocation of more funds for irrigation and welfare, according to a release from the CMO.
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The Budget proposals would pave the way for rapid development of the state, which came into existence in June 2014, he said.
Meanwhile, State Congress President N Uttam Kumar Reddy said budget is "highly disappointing" for almost all sections of society.
Even flagship schemes of the TRS government have not been allocated adequate funds, claimed Reddy, who is also an MLA.
It was strange the state government was not willing to waive the remaining dues under farm loan waiver scheme while boasting of having a heavy budget of Rs 1.30 lakh crore, the Congress leader said.
