Hyderabad, Feb 22: Telangana chief minister K Chandrasekhar Rao has presented the vote-on-account budget in the state assembly here on today.
The budget was approved by the cabinet which held a meeting on Thursday. The cabinet also approved the supplementary demands of grant for the financial year.
According to sources, the chief minister will present 2 lakh crore budget of which 25,000 crore will be allocated to irrigation sector, 40,000 crore for welfare schemes such as Kalyana Lakshmi, Shadi Mubarak, pensions and welfare schemes for SC, ST and BCs.
Presenting the budget in the State Legislative Assembly, Chandrashekhar Rao said of the total budget, the government proposes to spend Rs 32,815 crore on capital expenditure pegging the revenue expenditure at Rs 1,31,629 crore. While the revenue surplus is estimated at Rs 6,564 crore, the fiscal deficit is expected to be Rs 27,749 crore which works out to 2.81 per cent of the Gross State Domestic Produce (GSDP).
The Chief Minister, said the Government considered it a sacred duty to work for the people and had done so with diligence and intense focus and delivered on various programmes during its first term. He also held out the prospect of the government introducing some more innovative schemes in the State. "While continuing all the development and welfare schemes, the Government proposes to introduce new schemes as per the promises made during the elections," he said.
Budget At A Glance
Total Outlay – Rs 1,82,017 cr
Revenue Expenditure – Rs 1,31,629 cr
Capital Expenditure – Rs 32,815 cr
Revenue Surplus – 6,564 cr
Fiscal deficit (@2.81% of SGSDP) – Rs 27,749 cr
Agriculture Department - Rs 20,017 cr
Irrigation Department - Rs 11,500cr
Farm loan waiver (Dec 11, 2018 cut-off date) – Rs 6000 cr
Aasara pensions – Rs 12,065 cr
Rythu Bhima – Rs 650 cr
Rythu Bandhu Rs – Rs 12,000 cr
Unemployment allowance – Rs 1,810 cr
SC welfare Rs 16,581 cr
ST welfare Rs 9,827 cr
Minorities’ welfare Rs 2,004 cr
MBC Corporation Rs 1,000 cr