CM Chandrababu Naidu Reviews State’s Financial Situation
With the financial year ending soon, Chief Minister Chandrababu Naidu held a review meeting to assess the state’s financial condition.
During the meeting, officials discussed the financial difficulties inherited from the previous government. These included high debt levels and limited revenue sources. The state has also struggled to secure loans, making financial stability a key concern. However, there are signs of economic recovery, partly due to support from the Central Government.
The Chief Minister also reviewed centrally sponsored schemes and pending funds from the central government. He instructed officials to take necessary steps to speed up the release of these funds before the financial year ends. He stressed the importance of providing detailed reports on central schemes to ensure timely fund disbursal.
Officials informed Naidu that funds from five central departments were still pending. In response, he directed concerned officers to actively coordinate with the central government and secure the funds as soon as possible.
The review meeting took place at the Chief Minister’s residence in Hyderabad. It was attended by Finance Minister Pyyavula Keshav, Finance Secretary Ronald Rose, Chief Secretary Vijay Anand, Principal Secretary of the Finance Department Piyush Kumar, and other officials from the CM’s office.
