Telangana Budget Presentation Highlights

February 10, 2024 18:15
Telangana Budget Presentation Highlights

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Telangana Budget Presentation Highlights:- Telangana's Deputy Chief Minister, Mallu Bhatti Vikramarka, revealed the Vote on Account budget for 2024-25 today, amounting to Rs 2,75,891 crore. Among this budget, Rs 2,01,178 crore has been assigned for revenue expenditure, while Rs 29,669 crore has been set aside for capital expenditure. The ruling Congress party has proposed Rs 53,196 crores for the implementation of six important promises.

This interim budget, which is the first under the Congress administration since taking office in December 2023, allocates Rs 19,746 crores for agriculture and Rs 28,024 crores for irrigation. Vikramarka criticized the previous BRS government for leaving the state in financial distress due to irresponsible borrowing practices. However, he assured that the government is committed to pursuing well-planned development goals to support the people. The Congress government aims to reduce unnecessary expenses in day-to-day government operations and limit investments in non-essential infrastructure.

"Our budget prioritizes comprehensive development, progress, and the welfare of our citizens," stated the Finance Minister. Vikramarka emphasized that the budget aligns with the Congress government's promise to establish 'Indiramma Rajyam' in Telangana, named after former Prime Minister Indira Gandhi, with the ultimate goal of holistic state development. He highlighted that the central theme of the budget is the overall advancement of Telangana.

The Industries Department will receive Rs. 2,543 crore, while the IT Department will be allocated Rs. 774 crore. Revenue Expenditure will be given Rs. 2,01,178 crore, and Capital expenditure will receive Rs. 29,669 crore. The Indiramma House Scheme will be granted Rs. 7740 crore, and the Electricity Household Jyoti Scheme will receive Rs. 2,418 crores. Power Companies will be allocated Rs. 16,825 crores, while the ST Department will receive Rs. 13,013 crore. SC welfare will be granted Rs. 21,874 crores, and OBC welfare will receive Rs. 8000 crore. Minority Welfare will be allocated Rs. 2,262 crore, and the medical sector will receive Rs. 11,500 crore. The education sector will be granted Rs. 21,389 crore, with Rs. 500 crores being allocated for the establishment of Telangana public schools and another Rs. 500 crores for facilities in universities. The Panchayat Raj Department will receive Rs. 40,080 crore, while the Agriculture Department will be granted Rs. 19,746 crores. The Drainage Department will receive Rs. 28.024 crore, and the Municipal Department will be allocated Rs. 11,692 crores.

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Tagged Under :
Telangana Budget 2024  Congress