Telangana Budget HIGHLIGHTS: Presenting the Telangana Budget 2020-21, Finance minister T Harish Rao Sunday announced proposed an expenditure of Rs 1,82,914.42 crore. Out of this, the revenue expenditure is Rs 1,38,669.82 crore and capital expenditure is Rs 22,061.18 crore.
Rs 10,000 crore has been allocated for the development of capital city Hyderabad. It is estimated that surplus in budget estimates is Rs 4,482.12 crore, while the fiscal deficit is Rs 33,191.25 crore, state Finance Minister T Harish Rao said in his Budget speech. The finance minister also announced that old-age pensions will be given to those above 57 years of age and allocated Rs 11,758 crore for the same.
In a relief to the SC/STs, households that consume power up to 101 units will no longer have to pay any charges. Coming to education, the FM announced Rs 1,723 crore for education department. Meanwhile, Rs 11,054 crore has been allocated for completing pending irrigation projects. Under special SC development fund, the Finance Minister announced Rs 16,534.97 crore and Rs 9,771 crore under special ST development fund.
The schemes which got major allocations include Rythu Bandhu investment support scheme for farmers (Rs 14,000 crore), Aasara social security pensions (Rs 11,758 crore), two-bedroom houses for poor (Rs 10,500 crore). The proceedings in the Assembly began after the Speaker greeted the legislators on the occasion of International Women’s Day. The state cabinet approved the budget 2020-21 on Saturday ahead of its presentation.