Date: July 25, 2024

Telangana Budget 2024-25: Key Numbers and Allocations

For the first time in Telangana’s decade-long history, a party other than the BRS is presenting the budget in the assembly. This significant event sees Congress’s deputy CM and the state’s finance minister, Bhatti Vikramarka, presenting the Telangana budget for the financial year 2024-25.

Overview of the Budget

In the first-ever budget proposed by the Congress government, the total expenditure is rounded off at Rs 2,91,159 crore. This substantial figure marks a significant shift in the state’s fiscal planning and allocations.

Total Expenditure: Rs. 2,91,159 crores
Revenue Expenditure: Rs. 2,20,945 crores
Capital Expenditure: Rs. 33,487 crores

Major Allocations

The Congress government has prioritized various sectors, with the highest allocations going to agriculture and welfare.

Agricultural Sector: Rs 72,659 crore
SC Welfare: Rs 33,124 crore
ST Welfare: Rs 17,056 crore
BC Welfare: Rs 9,200 crore
Rural Development: Rs 29,816 crore
Irrigation: Rs 22,301 crore
TRANSCO & DISCOMs: Rs 16,410 crore
Medical & Health: Rs 11,468 crore
Roads & Buildings Department: Rs 5,790 crore
Home Department: Rs 9,564 crore
Industries: Rs 2,762 crore
IT Sector: Rs 774 crore
Women and Child Welfare: Rs 2,736 crore
Forest & Environment: Rs 1,064 crore

Focus on Agriculture and Welfare

The budget earmarked a whopping Rs 72,659 crore for the agricultural sector, reflecting the Congress government’s commitment to enhancing the state’s agrarian economy. The welfare of SCs, STs, and BCs also received significant attention, with substantial funds allocated to ensure their development and upliftment.

Infrastructure and Health

The budget also focuses on infrastructure and health, with Rs 5,790 crore allocated to the Roads & Buildings Department and Rs 11,468 crore for Medical & Health. These allocations aim to improve the state’s physical infrastructure and healthcare services.

Energy and Industry

TRANSCO & DISCOMs received Rs 16,410 crore, highlighting the importance of energy distribution and management. The Industries sector, along with the IT sector, also saw significant allocations, reflecting the state’s drive towards industrial growth and technological advancement.

Conclusion

The Telangana budget for 2024-25, presented by the Congress government, marks a new chapter in the state’s financial planning. With significant allocations across various sectors, the budget aims to foster growth, development, and welfare in Telangana.