The Telangana State Finance Minister Etala Rajender presented the budget estimate of Rs. 1,49,646-crore for 2017-18 on March 13, 2017 in the state assembly.
- The Rs 4,471.30 crore revenue surplus budget mainly focuses on the development and welfare measures.
- The 2017-18 budget is Rs 15 lakh crore more when compared to Rs 130 lakh crore in the 2016-17 Budget.
Salient Features of the Budget
The 2017-18 budget is based on uniform system of accounting and not on classification of expenditure into plan and non-plan.
- The Gross State Domestic Product (GSDP) growth at constant prices in 2016-17 is likely to be 10.1 percent as against expected national GDP growth of 7.1 per cent
- State’s Per Capita Income in 2016-17 is estimated to increase to Rs 1,58,360 from Rs 1,40,683 in 2015-16. This is significantly higher than national average of Rs 1,03,818.
- Committed expenditure in 2017-18 has been pegged at Rs 61,607.20 crore while the Revenue Expenditure at Rs 50,954.61 crore
- Expenditure under ‘Pragati Paddu’ (expenditure on schemes) is Rs 88,038.80 crore.
- State’s own revenue receipts are proposed at Rs. 69,220.37 crore in BE 2017-18 as compared to Rs. 58,636 crore in RE 2016-17.
- Transfers from the Centre are proposed at Rs. 43,862.67 crore in BE 2017-18 as compared to Rs. 28,433.78 crore in RE 2016-17.
- The finance minister proposed a fiscal deficit of Rs. 26,096.31 Crore which is 3.48% of estimated GSDP.
Important Allocations
- Agriculture sector : Rs.5,943 crore
- Irrigation : Rs. 23, 675 crore,
- Panchayati raj Rs. 14,723 crore,
- Medical & Health – 5,976 crore
- Education – Rs. 12,705 crore
- Fee Reimbursement – Rs. 1,939 crore
- Roads & Buildings: Rs. 5,033 crore,
- Power Rs. 4,203 crore,
- Health Rs. 5,976 crore
- Education Rs. 12,705 crore
- Public Safety & Security: Rs. 4,828 crore
- Municipal Administration & Urban Development: Rs. 5,599 Crore
- Brahmins Welfare: Rs. 100 crore
- Scheduled Castes : Rs. 14,375 crore
- Scheduled Tribes: Rs. 8,165 crore
- Backward Classes: Rs. 5,070 crore
- Minorities: Rs. 1,249 crore
- Women & Child Welfare: Rs. 1,731 crore
- Aasara Pensions: Rs. 5,330 crore
- Tourism Sector: Rs. 198 crore
- Industrial Sector: Rs. 985 crore
- Law and Order gets Rs 4,828 crore
- Information technology department: Rs 252.89 crore
Schemes & Initiatives
- 23 major, 13 minor irrigation projects taken up
- Financial help for caste-based vocations
- Rs 300 crore for Greater Warangal development
- Fine rice for Anganwadi centres across the State
- Rs 30 crore for journalists welfare
- Kalyana Laxmi, Shaadi Mubarak beneficiaries to get Rs 75,116 in place of Rs 50,000
- Government initiative ‘know-your-district, plan-your-district’ will help decentralised planning which was only on paper earlier despite 73rd and 74th amendments to Constitution
- Periodic review of utilisation of funds for SC, ST welfare, quarterly reports to be submitted to legislature
- Mission Bhagiratha, the piped drinking water programme gets Rs 3000 crore.
- 4th & Final Settlement to Banks as part of Farm Loan Waiver (Rs 17,000 crore): Rs 4,000 crore
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