Key Highlights
- Fiscal plan reaches ₹3.04 lakh crore, the highest ever since the state's creation.
- Revenue outlay stands at ₹2.26 lakh crore while capital spending is earmarked at ₹36,504 crore.
- Welfare allocations for SC, ST and BC groups total close to ₹69,000 crore.
- Six‑Guarantee programmes receive a combined ₹56,084 crore.
- GSDP is projected at ₹16.12 lakh crore with a 10.1% growth rate.
Detailed Insights
The Telangana cabinet, led by Deputy Chief Minister Mallu Bhatti Vikramarka, presented a budget that crosses the ₹3 lakh‑crore threshold for the first time. While the overall outlay climbs 5 % over the previous year, the document differentiates between ₹2.26 lakh crore of revenue expenditure and a capital infusion of ₹36,504 crore.
Revenue projections total ₹2.29 lakh crore, derived mainly from state taxes (₹1.45 lakh crore) and the state's share of central levies (₹29,899 crore). Despite a reported surplus of ₹2,738 crore, the fiscal deficit is estimated at ₹54,009 crore, with a primary deficit of ₹34,640 crore, underscoring continued reliance on borrowing—₹70,000 crore in new loans, of which ₹64,539 crore stem from open‑market issuances.
Sector‑wise allocations spotlight agriculture (₹24,439 crore), rural development through Panchayat Raj (₹31,605 crore), and education (₹23,108 crore). Social justice receives a massive boost: BC welfare (₹11,405 crore), SC welfare (₹40,232 crore) and ST welfare (₹17,169 crore) together approach ₹69,000 crore.
The Six Guarantees, a signature policy suite, commands ₹56,084 crore. Highlights include Rythu Bharosa for farmers (₹18,000 crore), Cheyutha for skill development (₹14,861 crore), Indiramma affordable housing (₹12,571 crore), Mahalakshmi free women’s bus travel (₹4,305 crore), Rajiv Yuva Vikasam youth programme (₹6,000 crore) and student scholarships (₹4,452 crore). An additional ₹11,500 crore subsidy aims to curb electricity costs for farms and industry.
In the energy domain, the budget allocates ₹21,221 crore to complete the Yadadri Thermal Power Plant and to launch an “Electricity Ambulance” service, intended to accelerate power‑related issue resolution.
Economic indicators portray robust growth: GSDP at constant prices is projected at ₹16.12 lakh crore, a 10.1 % rise, while per‑capita income hits ₹3.79 lakh—approximately 1.8 times the national average.