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Telengana Government to present 1.30 Lakh crore Budget

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Telangana’s Finance Minister on Monday presented the state budget in the assembly, proposing an expenditure of Rs.1,30,415 crore for the financial year 2016-17.Telangana

Features of the budget

  • Plan expenditure – Rs.67,630 crore
  • Non-plan expenditure –Rs. 62,785 crore
  • Revenue surplus – Rs 3,381 crore
  • Fiscal deficit- Rs.23,467 crore

Important projects

  • Irrigation sector: The budget has allocated Rs.25,000 crore for the sector.
  • An allocation of Rs 7,861 crore has been made for Palamuru lift irrigation project
  • 6,286 crore for Kaleswaram project
  • Rs 1,150 crore for Sitarama project

Points to note

  • Telengana CM– Chandrasekhar Rao
  • Telengana Finance minister– Etela Rajender
  • Capital– Hyderabad