A budget is not merely about numbers, receipts and expenditure. It is about what is to be done with our money, what policies and services are preferred, how resources are spent, and getting good value for our money.
AP draft budget for 2002-03 conceals as much as it reveals. An expenditure of Rs. 32,981 crores is proposed for the year. Of this, wages and pensions of employees account for Rs. 11,090 crores, or 82.7% of the Rs 13,408 crores tax revenues! This is quite alarming.