Hyderabad.26.07.2024: The Telangana government will present the Telangana Budget in the assembly today. This budget will cover the financial year 2024-25.
The budget will first be approved in the Cabinet meeting chaired by Chief Minister Revanth Reddy at 9 am today. Following this, Deputy CM and Finance Minister Bhatti Vikramarka will introduce the full bill in the Legislative Assembly at 12 noon. IT Minister Sridhar Babu will present the budget in the Legislative Council.
This marks the first time Congress has presented a full budget after coming to power. Earlier this year, the government introduced the Otan account fund with Rs.2.75 lakh crore. This time, the budget is expected to be between Rs.2.80 lakh crore and Rs.2.90 lakh crore.
Key Allocations and Focus Areas
The Revanth government is expected to allocate significant funds for welfare and development sectors. More than Rs.50 thousand crore may be earmarked for the implementation of the guarantees given by the Congress party during the elections. The agriculture department is likely to receive more than Rs.50 thousand crores, including Rs.30 thousand crores for loan waiver and Rs.15 thousand crores for Rythu Bharosa Pathaka.
Sector-wise Fund Allocation
- Welfare Departments: Rs.40 thousand crores
- Irrigation Water Sector: Rs.29 thousand crores
- Electricity Department: Rs.15 thousand crores
- Medical Department: Rs.15 thousand crores
- House Construction (Indiramma Housing Scheme): Rs.8 thousand crores
Assembly Participation
It is reported that BRS chief, former CM, and opposition leader KCR will attend the assembly meetings today in the background of the presentation of the state budget. He is expected to participate in the budget speech. This would mark the first time KCR will come to the assembly as the leader of the opposition, as he was absent from the last Otan Account Budget meeting.
As the Telangana Budget is presented today, all eyes are on the significant allocations and the potential impact on various sectors in the state.
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