Telangana Finance Minister Harish Rao Presents Rs 2.90 Lakh Crore Budget
The Telangana Finance Minister presented a Rs Rs.2,90,396 crores budget with a Revenue Expenditure of Rs.2,11,685 crore while capital expenditure was Rs.37,525 crores.
Telangana Finance Minister T Harish Rao presented the budget in the Assembly on Monday. He commented that Telangana focuses on both development and welfare in the state. The Finance Minister presented an Rs 2,90,396 crores budget with a Revenue Expenditure of Rs 2,11,685 crore while capital expenditure was Rs 37,525 crores.
Department wise allocations of Funds
Rural Development, Panchayati Raj Department - Rs 31,426 crore
Irrigation Department - Rs 26,885 crore
Power Department - Rs 12,727 crore
Food and Public Distribution Department - Rs 3,117 crore
Women and Child Welfare Department - Rs 2,131 crore
Minority Welfare Department - Rs 2,200 crore
Forest Department, Green Belt - 1,471 Crore
Education Department - 19,093 Crore
Medical Health Sector - 12,161 Crore
Panchayat Raj Department - 31,426 Crore
Municipal Department - 11,372 Crore
Industry Department - 4,037 Crore
Allocations of Funds for the schemes
Dalit Bandhu-17,700 crores
Aasara Pensions -12,000 crores
Farmer Loan Waiver - 6,385 crores
Special Development Fund for SCs-36,750 crores
Special Development Fund for STs- 15,233 crores
Shaadi Mubarak/ Kalyanalakshmi- 3,210 crores
Minority Corporation Loans-270 crores
KCR Nutrition Kits- 200 crores
During the session, Harish Rao mentioned that the ‘Telangana model’, which combines a humanitarian approach, constructive thinking, futuristic planning, and transparent administration, is getting accolades both nationally and internationally.
He also mentioned that the average annual GSDP growth rate of the state from 2014–15 to 2019–20 had increased by 13.2 per cent. In the same period, the growth rate of GDP was lower at 10.2 per cent.
Speaking on the power sector, he said, ‘Telangana has created history by recording the highest growth rate of 11.8 percent in per capita income during the period 2017–18 to 2021–22 among the Southern States.’
Harish Rao stated that after the formation of Telangana, restrictions on the distribution of ration rice to the poor were removed for the welfare of the public, and each member of the family is now supplied with 6 kg of ration rice per month.
(With inputs from ABP Desam — It is a Telugu platform of ABP News. For more news, commentary and latest happenings from two Telugu states, follow https://telugu.abplive.com/)
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