Telangana govt presents Rs 2.91 lakh crore budget for 2024-25
25-Jul-2024 06:50 PM 1278
Hyderabad, July 25 (Reporter) Telangana Government on Thursday presented a budget of Rs 2.91 lakh crore for the financial year 2024-25. Finance Minister Bhatti Vikramarka Mallu pegged revenue expenditure at ₹2.20 lakh crore and capital expenditure at ₹33,487 crore. The budget proposed major allocations to Agriculture and allied sectors (Rs 72, 659 crores) followed by panchayat Raj Rural development ( RS 29,816 crore) , SC Welfare ( RS 33,124 crores) ,Irrigation (Rs 22,301 crores) and education ( Rs 21,292 crores) ,among others . For the first time in February 2024, after ten years of formation of Telangana, the Congress government has presented a realistic and planned budget, Bhatti said. The previous BRS government who promised to transform Telangana into "Bangaru Telangana"failed miserably on all fronts, he said the debt which was at Rs 75,577 crore at the time of state formation grew by leaps and bounds in 10 years and reached a humongous figure of Rs 6,71,751 crores. Since the formation of Congress government in the state, we have raised loans of Rs 35,118 crores, whereas we have repaid loans of Rs 42,892 crores, the Finance Minister said . In spite of the extremely difficult financial situation we are in, our Government never ignored the welfare of the people and the government has spent RS 34,579 crores in various schemes from December 2023 till date, he claimed. At present prices, Telangana 's Gross State Domestic Product (GSDP) in 2023-24 is Rs 14,63,969 crores . This is 11.9 percent higher than the previous financial year against the national level growth of 9.1 percent, he added...////...
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