Telangana pegs 2023-24 Budget at Rs 2.90 lakh crore

Hyderabad: Telangana Finance Minister T. Harish Rao on Monday presented a tax-free budget of Rs 2.90 lakh crore for 2023-24, up from Rs 2.56 lakh crore last year.
Presenting the last budget of Bharat Rashtra Samithi (BRS) government in its present term, he pegged the revenue and capital expenditure at Rs 2.11 lakh crore and Rs 37,525 crore respectively. In FY23, they were at Rs 1.89 lakh crore and Rs 29,724 crore respectively.
“In the Budget 2023-24, the total expenditure proposed is Rs 2,90,396 crore, Revenue Expenditure is Rs 2,11,685 crore and the Capital Expenditure proposed is Rs 37,525 crore,” said Harish Rao presenting his fourth Budget in State Assembly.
The finance minister said with growing consumption and investment levels, GSDP growth in Telangana is poised for higher growth despite the possibility of recession threatening the growth across the globe.
Harish Rao said Telangana achieved significant development within a short period of eight and a half years. He claimed that both in welfare and development, Telangana is a role model for the entire country.
Also Read Telangana received limited funds for Supplementary nutrition program “Despite problems arising out of economic recession and corona pandemic, Telangana has been successful in withstanding their adverse impacts and emerged as a strong economic power. Only the Telangana government has been able to efficiently manage its economy and implement welfare programmes on a large scale even during the crisis period,” he said.