Telangana budget outlay is ₹ 2.30 lakh Cr.
The Hindu
Finance Minister T. Harish Rao on Thursday presented to the State Assembly budget of Telangana for 2021-22 with a targeted outlay of ₹ 2.30 lakh crore which is at least ₹ 48,000 crore more than the proposals for 2020-21 and revised to ₹64,000 crore recently.
Turning its back to a bad year induced by pandemic, the budget reflected the government’s resolve to mop up ₹ 1.76 lakh crore through revenue receipts (excluding borrowings) which is ₹ 59,000 crore more than the revised estimates of last year. The revised receipts fell short of budget estimates by ₹ 26,000 crore in 2020-21. The capital receipts in the coming year were contemplated at ₹ 53,850 crore, including open market loans of ₹ 47,500 crore. A revenue surplus of ₹6,743 crore and a fiscal deficit of ₹ 45,509 crore are targeted in 2021-22 wherein a new scheme named CM Dalit Empowerment Programme is proposed with an allocation of ₹1,000 crore. The government decided to provide each MLA and MLC with ₹ 5 crore for development of their constituencies. The government also decided to provide an incentive of ₹ 30,000 per acre as subsidy for oil palm farmers. Taking into account, the future drinking water needs of Hyderabad, the government planned to take up a new project to bring water to the city from Sunkesula near Nagarjunasagar.
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