Thursday, 14 November, 2019

Telangana Finance Minister presents over Rs1 74 lakh budget for 2018-19

Telangana Telangana Finance Minister presents over Rs1 74 lakh budget for 2018-19
Patty Aguilar | 16 March, 2018, 02:01

Telangana Chief Minister K Chandrashekhar Rao on Thursday lauded that theState Annual Budget for 2018-19 introduced in the Legislature by the government is useful for the development of all sectors and welfare for all communities.

The State's own revenue receipts for 2018-19 are proposed at ₹73,751.88 crore, up by 20% over that of the revised Budget estimates of 2017-18. He is expected to continue the government's focus on allocations to the irrigation sector.

Rs 1,790 crore allocated for women and child welfare schemes.

Rs 1,470 crore has been allocated for distribution of land to homeless Dalits.

He said the state income was Rs 73,751 crores while the central share was Rs 29,041 crores. Each farmer in the state will receive Rs 8,000 per acre as investment support. The government has allocated ₹12,000 crore in the Budget for investment support scheme.

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The State Cabinet which met here on Wednesday gave its nod for the State Budget for 2018-19.

The budget has allocated Rs 18 billion for Mission Bhagiratha, the flagship scheme of the TRS government to provide piped water to all the households.

"This is significantly higher than the national growth of 8.6 per cent", he said.

For the backward classes, Rs 1000 crore has been allocated towards MBC Corporation. Etela said that the overall GSDP which was at Rs 6,41,985 crore in 2016-17, is estimated to increase to Rs 7,32,657 crore registering a 14.1% growth. The government has allocated Rs 250 billion for irrigation projects.

In his fifth budget being presented in the House, the Minister said that the estimated revenue was Rs 1,25,454 crores, and the estimated fiscal deficit was Rs 28,077 crores.

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