T'gana Unveils ₹3.04 Lakh Crore Budget

Govt envisages expansion of state's economy to $1 trillion in a decade

- STATESMAN NEWS SERVICE

Telangana Deputy Chief Minister and Finance Minister Bhatti Vikramarka Mallu on Wednesday presented a Rs 3.04 lakh crore Budget for the current financial year, with a revenue expenditure of Rs 2.26 lakh crore and a capital expenditure of Rs 36,504 crore, primarily focused on welfare initiatives.

However, the government plans to increase borrowings, as reflected in capital receipts pegged at Rs 74,645.92 crore, including open market borrowings of nearly Rs 64,539 crore.

The government claimed its strategic roadmap for the next decade envisions a five-fold expansion of the current $200 billion state economy to $1 trillion.

"Inspired by secular values, the Congress government has designed this Budget for equitable distribution of resources to all classes of society and to establish a system free from inequalities," said Deputy Chief Minister Batti Vikramarka Mallu, adding that they aspire to elevate the state to a level where every citizen has access to education, healthcare, employment, and social security.