Bhatti presents a Rs 2.91 Lakh Cr full budget for Telaganna for 2024-25

HYDERABAD: The Congress government unveiled its first full budget for Telangana for the financial year 2024-25 on Thursday.

Deputy Chief Minister and Finance Minister Bhatti Vikramarka Mallu presented the budget in the Telangana Legislative Assembly. The budget emphasises on welfare, infrastructure development, and fiscal discipline and has a total expenditure of Rs. 2,91,159 crores.

The budget outlines a total revenue expenditure of Rs. 2,20,945 crores and a capital expenditure of Rs. 33,487 crores. In his speech, Bhatti said that the state government aims to tackle the financial challenges inherited from the previous government by focusing on financial discipline and debt reduction.

Bhatti informed that Telangana's Gross State Domestic Product (GSDP) for 2023-24 stood at Rs. 14,63,963 crores, marking an 11.9% increase from the previous year. However, the state's growth rate of 7.4% slightly lagged behind the national average of 7.6%. The budget underscores the need for stringent fiscal reforms to ensure economic stability, he said.

Following are the major allocations made in the budget:

Agriculture - Rs 72,659 Cr

SC & ST Development (SC Special Development Fund - SCSDF) - Rs 33124 Cr

Education - Rs 21,292 Cr

SC & ST Development (ST Special Development Fund - STSDF) - Rs 17,056 Cr

Energy (TRANSCO & DISCOMs) - Rs 16,410 Cr

Healthcare - Rs 11,468 Cr

Development of Hyderabad - Rs 10,000 Cr

Law & Order (Home Department) - Rs 9,564 Cr

BC Welfare - Rs 9,200 Cr

Roads & Buildings - Rs 5,790 Cr

Minority Welfare - Rs 3,003 Cr

Industries - Rs 2,762 Cr

Forests & Environment - Rs 1,064 Cr

Information Technology - Rs 774 Cr