Ruling Congress government in Telangana revealed its budget for the 2024-25 financial year, producing to Rs 2.91 lakh crore. The budget incorporates a add up to income of Rs 2.21 lakh crore and capital consumptions of Rs 33,487 crore. The state's add up to assessed incomes are Rs 2, 90,814 crore, which incorporates over Rs 57,000 crore from open advertise advances.
Rs 15,000 Cr more than previous ‘Vote on Account’
Usually around Rs 15,000 crore more than the 'Vote on Account' budget of Rs 2.76 lakh crore displayed by the government in February prior this year and hardly higher than the Rs 2.9 lakh crore presented by the past BRS government for 2023-24. Presenting the budget in the Assembly, Deputy Chief Minister and Finance Minister Bhatti Vikramarka Mallu highlighted significant allocations to key sectors. "The state government proposed to designate Rs 72,659 crore to agribusiness," he expressed.
The budget also earmarked Rs 21,292 crore for the Education department and Rs 22,301 crore for Irrigation. Additionally, Rs 29,816 crore is proposed for Panchayath Raj and Rural Development. As per the budget, the revenue expenditure is proposed at Rs 2, 20,945 crore and the capital expenditure proposed is Rs 33,487 crore.
Target it to put economy back on track- FM
In his budget discourse, Bhatti Vikramarka expressed that the State obligations shot up to Rs 6.71 lakh crore at the conclusion of 2023-24 against Rs 75,577 crore in 2014-15 since the State arrangement. He said the State government is taking all measures to preserve monetary judiciousness and put the economy back on track by reimbursing the larger part of the credits.
No specific allocations for much-hyped ‘Six Guarantees’
The budget had no overall allocations for the much-hyped Abhaya Hastham (six guarantees) except for Rs 2,418 crore for Gruha Jyothi Scheme and Rs 723 crore for the subsidised LPG cylinder scheme.
The State government allocated Rs 1,525 crore for the Regional Ring Road for the current financial year, as against total expenditure of Rs 13,522 crore for the northern part and Rs 12,980 crore for the southern part. Another Rs 10,000 crore has been allocated for development of Hyderabad including GHMC, HYDRAA, HMDA, HMWSSB and others.
Around Rs 33,124 crore for SC Sub-plan Development Fund and Rs 17,056 crore for ST Sub-plan Development Fund, have been proposed in the budget. A total of Rs 16,410 crore has been set aside for power transmission and distribution companies. A nominal allocation of Rs 2,762 crore for Industries and Rs 774 crore for Information and Technology, were made in the State budget.
Key Sector Allocations
Agriculture and Allied Sectors - Rs 72,659 Crores
Special Component Sub Plan (SCSP) - Rs 33,124 Crores
Tribal Sub Plan (TSP) - Rs 17,056 Crores
Panchayati Raj and Rural Development - Rs 29,816 Crores
Irrigation - Rs 22,301 Crores
Education - Rs 21,292 Crores
Energy - Rs 16,410 Crores
Health - Rs 11,468 Crores
Other Notable Allocations
Home Affairs: Rs 9,564 crore
Backward Classes (BC) Welfare: Rs 9,200 crore
Roads and Buildings (R&B): Rs 5,790 crore
Civil Supplies: Rs 3,836 crore
Minority Welfare: Rs 3,003 crore
Industries: Rs 2,762 crore
Women and Child Welfare: Rs 2,736 crore
Gruha Jyothi: Rs 2,418 crore
Animal Husbandry: Rs 1,980 crore
Rehabilitation and Reconstruction (RRR): Rs 1,525 crore
Forests and Environment: Rs 1,064 crore
Information Technology (IT): Rs 774 crore
Horticulture: Rs 737 crore
Rs 500 LPG Cylinder Scheme: Rs 723 crore
Hyderabad-Specific Allocations
Hyderabad, the state’s capital and a major economic hub, receives special attention in the budget with dedicated funds to enhance its infrastructure and services:
Hyderabad Development: Rs 10,000 crore
Greater Hyderabad Municipal Corporation (GHMC): Rs 3,065 crore
Hyderabad Metropolitan Development Authority (HMDA): Rs 500 crore
Water Works: Rs 3,385 crore
Hyderabad Road Development Authority (HYDRAA): Rs 200 crore
Metro to Airport: Rs 100 crore
Outer Ring Road (ORR): Rs 200 crore
Hyderabad Metro Rail: Rs 500 crore
Old City Metro: Rs 500 crore
Multi-Modal Transport System (MMTS): Rs 50 crore
Musi Riverfront Development: Rs 1,500 crore
