Tuesday , November 20 2018

Telangana Budget 2017 with outlay of Rs 1.49 lakh cr

Telangana Finance minister Etala Rajender presented the State’s fourth budget for 2017-18 to the Assembly with an estimated total expenditure of Rs 1.49 lakh crore.

Finance Minister of Telangana State Etala Rajender on Monday presented the budget of Rs 1, 49,646 crore which is Rs 19,000 crore more than the estimates for 2016-17.

Etala Rajendar

The budget which had been steadily increasing since the TRS government assumed power in 2014 and did away with the ordering of expenditure into Plan and non-Plan for the first time this year on Central government’s decision. In the new system of classification, the expenditure of Rs 1.49 lakh crore would consist of expenditure of Rs 61,607 crore for payment of interest payments, salaries and pensions and other establishment charges, and expenditure on schemes to Rs 88,000 crore.

Many number of schemes, including two bedroom houses for the poor, were predicted for implementation through extra-budgetary resources. Thus, the expenditure in 2017-18 would be significantly higher than the budgeted amount, Mr. Rajender said.

The Minister marked several schemes for implementation including the welfare of handloom weavers, sheep rearing, promotion of fisheries, women, employees, journalists, SCs, STs, BCs and minorities, implementation of Kalyana Lakshmi and fee reimbursement.

The below are the Highlights of Telangana Budget:

  • Telangana State Budget for 2017-18 with an outlay of Rs 145 lakh crore
  • The budget is Rs 15 lakh crore more when compared to Rs 130 lakh crore in the 2016-17 Budget
  • Finance minister says that the government committed to uplift of SC, ST, BC and Minorities welfare
  • Two-digit growth registered in TS despite demonetisation
  • 61 per cent growth registered in TS
  • Revenue surplus of Rs 45.071 crore in TS budget
  • Rs 4,000 crore earmarked towards farm loan waiver
  • TS GSDP projected at 10.1 per cent
  • 75 per cent subsidy for sheep-rearing
  • Rajender says Mission Bhagiratha, Mission Kakatiya works going on uninterrupted
  • Rs 14375.12 crore for SC development
  • Rs 500 crore for barbers, washermen welfare
  • Rs 1200 crore for weavers
  • 330 godowns construction across the State taken up
  • Retail fish markets being constructed across TS
  • Rs 3,000 crore for flagship programme Mission Kakatiya
  • Rs 1249 crore for minorities welfare
  • Rs 1731 crore for women’s development
  • Rs 50 crore for Haritha Haram
  • Rs 605 crore for KCR kit containing 16 items for new mothers
  • 84 lakh heads of sheep to be provided to sheep-rearers
  • Financial help for caste-based vocations
  • Rs 300 crore for Greater Warangal development
  • Rs 1,000 crore for GHMC development
  • Fine rice for Anganwadi centres across the State
  • Rs 30 crore for journalists welfare
  • Rs 12,705 crore allocation for school education
  • Rs 4203 set aside for power sector in TS
  • Medical and Health to get Rs 5,976 crore
  • Rs 198 crore for tourism development in TS

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  • Rs 252 crore for IT development
  • Kalyana Laxmi, Shaadi Mubarak beneficiaries to get Rs 75,116 in place of Rs 50,000
  • Rs 100 crore allocation for Brahmin community welfare
  • TS budget sets aside Rs 985 crore for industries sector
  • Budgetary allocation for Aasara pension Rs 5,338 crore
  • Law and Order gets Rs 4,828 crore
  • TS records 19.61 percent revenue growth this fiscal, higher than most other States despite demonetisation
  • Major transition from shackled economy to economy fulfilling aspirations of people
  • GSDP growth at constant prices (2011-12) improved from 5.6 percent in 2013-14 to 8.7 percent in 2014-15, and to 9.5 percent in 2015-16
  • State’s Per Capita Income in 2016-17 is estimated to increase to Rs 1,58,360 this year from Rs 1,40,683 in 2015-16
  • State’s per capita income in 2016-17 is significantly higher than national average of Rs 1,03,818
  • TS growth in annual per capita income improved from 11.2 percent in 2013-14 to 12.6 percent in 2016-17 as against the declining national trend of 11.5 per cent to 10.2 for the same period
  • Rs 50,954.61 crore committed expenditure under revenue heads in 2017-18
  • Of this, Rs 4,659.48 crore earmarked for loan repayments, Rs 5,544.85 crore towards loans and advances, Rs 448.26 crore for capital heads.
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