Main Features Of Budgets Of Telangna
Telangana presented a tax-free, revenue surplus budget for 2017-18, proposing an expenditure of Rs 1,49,446 crore, an increase of 14.59 percent over the previous year.
The budget estimates for 2017-18 indicate a revenue surplus of Rs 4,571 crore and a Fiscal Deficit of Rs 26,096 crore.
The development and welfare oriented budget in the new format in accordance with the guidelines issued by the central government. The plan and non-plan expenditure Classification has been replaced with capital and Revenue Expenditure.
The state coined ‘maintenance and scheme expenditure’ for the two new heads.
Information technology department gets Rs 252.89 crore in the budget.
Rs 1000 crore allocated for Greater Hyderabad Municipal Corporation
The estimated maintenance expenditure is estimated at Rs 61,607 crore while expenditure for schemes is pegged at Rs 88,038 crore.
The budget allocated Rs 14,375 crore for the welfare of Scheduled Castes, Rs 8,165 crore for Scheduled Tribes, Rs 5,070 crore for backward classes and Rs 1,249 crore for minorities.
With Irrigation remaining top priority, the Finance Minister allocated Rs 23,675 crore for the sector.
The allocation for agriculture was Rs 5,943 crore.
Rs 4,000 crore as the third and final instalment for waiver of farm loans.
The budget allocated Rs 12,705 crore for Education, Rs 5,976 crore for Health, Rs 1,939 crore for fee reimbursement, Rs 5,033 crore for road development, Rs 5,599 crore for urban development and Rs 14,723 crore for Panchayati Raj.
For the Telangana Rashtra Samithi government’s ambitious scheme for revival of irrigation tanks, Rs 3,000 crore has been allocated.
Focus on neglected sectors
Glossing over the State’s achievements, a number of sectors hitherto neglected have got special focus and higher allocations.
Even if the power demand shoots up to 10,000 MW, he said the State is ready to meet such demand.
Stating that the budget reflects the concern for the welfare of the poor and the Economic Development of the State, this focus was similar to three previous budgets.
In the first eight months of the current fiscal, tax revenue was higher by 19.61 per cent achieved in spite of demonetisation impact on stamps and registration.
Transition process
Following the Union Government’s decisions, the State has done away with Plan and non-Plan approach to stick to classification of expenditure into revenue and capital.
Telangana was in the process of a major transition from a shackled economy to that of an economy which is being nurtured back to fulfilling the long-pending aspirations of the people.
Under the special development fund for SCs and STs, allocation of ₹14,375 crore and ₹8,166 crore have respectively been made.
Towards minority welfare, the State has allocated ₹1,259.66 crore and set aside ₹1,940 crore for fee reimbursement. Expecting tourism to be a job creator, the State has earmarked ₹198 crore.
Rs 19,000-crore jump in Telangana Budget
The Telangana government for 2017-18 to the Assembly with an estimated total expenditure of Rs 1.49 lakh crore which is Rs 19,000 crore more than the estimates for 2016-17.
The budget which had been steadily rising since the TRS government assumed power in 2014 and did away with the classification 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 salaries, pensions, interest payments and other establishment charges, and expenditure on schemes to the tune of Rs 88,000 crore.
A number of programmes, including two bedroom houses for the poor, were envisaged for implementation through extra-budgetary Resources. Thus, the expenditure in 2017-18 would be significantly higher than the budgeted amount.,
The state of Telangana has been making significant progress in recent years, thanks in part to its ambitious budget plans. The State Government has allocated significant funds to a variety of sectors, including agriculture, Infrastructure-2/”>INFRASTRUCTURE, education, health, social welfare, economic development, and governance.
One of the key priorities of the Telangana government is to improve the lives of farmers. The state has allocated a significant amount of Money to Irrigation and water management projects, in order to ensure that farmers have access to the water they need to grow their crops. The government has also promoted Organic Farming and supported farmers’ welfare schemes.
The Telangana government has also made significant investments in Infrastructure Development. The state has allocated funds for roads, bridges, and other transportation projects, in order to improve connectivity and reduce travel times. The government has also developed urban infrastructure and promoted RENEWABLE ENERGY.
The Telangana government has also made significant investments in education. The state has allocated funds to improve access to quality education, promote Vocational Education, and support scholarships and other educational schemes. The government has also focused on improving the quality of education in government schools.
The Telangana government has also made significant investments in health. The state has allocated funds to improve access to quality healthcare, promote preventive healthcare, and support medical education and research. The government has also focused on improving the quality of healthcare in government hospitals.
The Telangana government has also made significant investments in social welfare. The state has allocated funds to provide assistance to the poor and marginalized, promote Women‘s Empowerment, and support child welfare schemes. The government has also focused on improving the lives of people living in rural areas.
The Telangana government has also made significant investments in economic development. The state has allocated funds to promote industrial development, develop the rural economy, and promote Entrepreneurship. The government has also focused on improving the Ease of Doing Business in the state.
The Telangana government has also made significant investments in Good Governance. The state has allocated funds to improve Transparency and Accountability, promote e-governance, and support anti-Corruption measures. The government has also focused on improving the delivery of public Services.
The Telangana government has also made significant investments in various other sectors, such as tourism, culture, and Sports. The state has allocated funds to promote Telangana’s culture and heritage, and to support sports development.
The Telangana government’s budget plans have been well-received by the people of the state. The people are hopeful that the government’s ambitious plans will help to improve their lives and make Telangana a better place to live.
However, there are some challenges that the Telangana government faces. One of the key challenges is the state’s high debt burden. The state’s debt is estimated to be around â¹2 lakh crore. The government needs to find ways to reduce the debt burden in order to free up resources for other development activities.
Another challenge that the Telangana government faces is the lack of skilled manpower. The state’s economy is growing rapidly, but there is a shortage of skilled workers to meet the demand. The government needs to invest in education and training to create a skilled workforce.
Despite the challenges, the Telangana government is committed to improving the lives of the people of the state. The government’s ambitious budget plans are a step in the right direction. The people of Telangana are hopeful that the government will be able to deliver on its promises and make Telangana a better place to live.
Here are some frequently asked questions about the main features of budgets of Telangana:
- What is the total budget of Telangana for the financial year 2022-23?
The total budget of Telangana for the financial year 2022-23 is Rs. 2.58 lakh crore.
- What are the major allocations in the budget?
The major allocations in the budget are for agriculture, irrigation, education, health, and infrastructure.
- What are the key initiatives announced in the budget?
The key initiatives announced in the budget include the launch of a new scheme to provide financial assistance to farmers, the construction of new medical colleges, and the expansion of the road Network.
- What are the implications of the budget for the people of Telangana?
The budget is expected to have a positive impact on the people of Telangana, as it will provide them with better infrastructure, healthcare, and education facilities.
- What are the challenges that the government of Telangana faces in implementing the budget?
The government of Telangana faces a number of challenges in implementing the budget, including the need to raise resources, the need to improve efficiency, and the need to address the needs of all sections of the Population.
- What are the expectations of the people of Telangana from the government?
The people of Telangana expect the government to provide them with good governance, better infrastructure, and a better Quality Of Life.
- What are the hopes and aspirations of the people of Telangana for the future?
The people of Telangana hope that the government will be able to achieve all of its goals and objectives, and that Telangana will become a developed and prosperous state.
The following are some of the main features of the budgets of Telangana:
- The budget is focused on social welfare and development.
- The budget allocates a significant amount of funds for education, health, and infrastructure.
- The budget aims to improve the lives of the people of Telangana.
- The budget is transparent and accountable.
- The budget is based on Sound economic principles.
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The budget is realistic and achievable.
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The budget of Telangana is focused on:
(a) Social welfare and development
(b) Economic Growth
(c) Infrastructure development
(d) All of the above -
The budget of Telangana allocates a significant amount of funds for:
(a) Education
(b) Health
(c) Infrastructure
(d) All of the above -
The budget of Telangana aims to improve the lives of the people of:
(a) Telangana
(b) India
(c) The world
(d) None of the above -
The budget of Telangana is transparent and accountable. This means that:
(a) The public can see how the money is being spent
(b) The government is responsible for how the money is being spent
(c) Both (a) and (b)
(d) None of the above -
The budget of Telangana is based on sound economic principles. This means that:
(a) The budget is realistic and achievable
(b) The budget is in line with the government’s economic goals
(c) Both (a) and (b)
(d) None of the above -
The budget of Telangana is realistic and achievable. This means that:
(a) The budget is based on realistic assumptions
(b) The budget is achievable within the government’s resources
(c) Both (a) and (b)
(d) None of the above