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BE and RE exactly same how so?
The Budget for the year 2015-16 presented by Telangana Finance Minister Eatala Rajender on Wednesday provides exactly same figures for the Budget Estimates (BE) as well as the Revised Estimates (RE) for the financial year 2014-15. The Budget Estimates are the amounts that the Finance Minister proposes to spend in a year, while the Revised Estimates are the amounts spent till the time of presentation of the next year budget.
Concocted figures in the Budget document
Hyderabad: The Budget for the year 2015-16 presented by Telangana Finance Minister Eatala Rajender on Wednesday provides exactly same figures for the Budget Estimates (BE) as well as the Revised Estimates (RE) for the financial year 2014-15. The Budget Estimates are the amounts that the Finance Minister proposes to spend in a year, while the Revised Estimates are the amounts spent till the time of presentation of the next year budget.
The document entitled, ‘Telangana Budget in brief,’ provided by Eatala Rajender along with Budget documents shows the BE and the RE figures for the current fiscal to be almost the same. How can both be the same?
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RE figures can never be exactly similar to those of the BE in a particular year. Moreover, there will be more than a month time for spending in the current financial year. The revised expenditure has to be more or less than the Budgeted Estimates, but never the same. No government can exactly spend what has been proposed in the Budget Estimates by February-end itself. The officials who prepared the budget simply have copied the figures of the BE as the RE data.
Sources in the government informed The Hans India that this is not an error committed by the officials. It was reportedly a conscious political decision to give concocted figures as the Revised Estimates as a face-saver. The reality is that the expenditure both under Plan and Non-Plan heads has significantly fallen short of the Budget Estimates.
This is due to sharp decline in the central transfers to Telangana and erosion in the State’s own tax revenue (SOTR). This was even acknowledged by the Finance Minister himself in his budget speech. The FM said that the shortfall in the revenue due to decline in central transfers itself amounted to over Rs 20,000 crore. Implying that the revenue expected at the time of the presentation of the 2014-15 budget did not accrue till now, the budget document shows the RE as exactly similar to the BE. The figures of the RE were reportedly doctored to avoid political embarrassment to the government.
By:Prof K Nageshwar
