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Telangana CM presents vote-on-account Budget

In the history of Telugu states, Telangana Chief Minister K. Chandrashekhar Rao is the second CM who has presented the Budget himself, after N. Janardhan Reddy presented it for united Andhra Pradesh between 1990 and 1992. 
 
K. Chandrasekhar Rao presented a Rs.1,82,017 crore vote-on-account budget for 2019-20 financial year. Presenting the budget in the State Legislative Assembly, the Telangana CM said of the total budget, the government proposes to spend Rs. 32,815 crore on capital expenditure putting 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 is 2.81 per cent of the Gross State Domestic Produce (GSDP).
 
According to him, the budget that has been proposed will lead to balanced development of all sections. Providing details of the budget with respect to revenues and expenditure, he said the State’s Own Revenues for 2019-20 are estimated at Rs. 94,776 crore compared to the 2018-19 figure of Rs 72,777 crore. He also said that this year, the transfers from Centre were likely to dip to Rs 22,835 crore from the Rs 28,042 crore in 2018-19.
 
Presenting the accounts for 2018-19, the Chief Minister said the total expenditure as certified by the Accountant General, as Rs. 1,43,133 crore. The revenue receipts were at Rs. 88,824 crore and expenditure on revenue account was Rs. 85,365 crore. The revenue surplus was Rs. 3,459 crore while the capital expenditure was Rs. 23,902 crore.
 
He said as per the revised estimates, the total expenditure for 2018-19 is estimated at Rs. 1,651,857 crore of which Rs. 1,19,027 was for revenue expenditure with Rs. 28,053 crore spent on capital expenditure. The estimated revenue surplus on revenue account was Rs. 353 crore.
 
Summary:
 
  • Total Outlay – Rs 1,82,017 crore
  • Revenue Expenditure – Rs 1,31,629 crore
  • Capital Expenditure – Rs 32,815 crore
  • Revenue Surplus – 6,564 crore
  • Fiscal deficit (@2.81% of SGSDP) – Rs 27,749 crore
Allocations:
  • Agriculture Department – Rs 20,017 crore
  • Irrigation Department – Rs 11,500 crore
  • Farm loan waiver (Dec 11, 2018 cut-off date) – Rs 6000 crore
  • Aasara pensions – Rs 12,065 crore
  • Rythu Bhima – Rs 650 crore
  • Rythu Bandhu Rs – Rs 12,000 crore
  • Unemployment allowance – Rs 1,810 crore
  • SC welfare Rs 16,581 crore
  • ST welfare Rs 9,827 crore
  • Minorities’ welfare Rs 2,004 crore
  • MBC Corporation Rs 1,000 crore

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