Telangana Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka on Saturday presented a vote-on-account Budget of Rs 2.75 lakh crore for 2024-25, down from Rs 2.90 lakh crore in the previous financial year.
Presenting the first Budget of the Congress government, he pegged the revenue and capital expenditure at Rs 2.01 lakh crore and capital expenditure at Rs 29,669 crore respectively.
In FY24, they were at Rs 2.11 lakh crore and Rs 37,525 crore respectively.
“For 2024-25, the total vote-on-account expenditure proposed is Rs 2,750,891 crore, Revenue Expenditure is Rs.2,01,178 crore and the Capital Expenditure proposed is Rs.29,669 crore,” said Vikramarka in his maiden Budget speech.
For implementing six guarantees given in the recent Assembly elections, the government has allocated Rs 53,196 crore.
He said while two guarantees were implemented by the government soon after coming to power, two more guarantees will be implemented soon. He reiterated that the government is committed to implement remaining guarantees and its benefits will reach all eligible people.
The Finance Minister allocated Rs 21,389 crore for education and Rs 11,500 crore for health.
The allocation for agriculture is proposed at Rs 19,746 crore, for irrigation Rs 28,024 crore, for municipal administration Rs 11,692 crore, for housing Rs 7,740 crore and for information technology Rs 774 crore.
For welfare of Scheduled Castes, the government has proposed Rs 21,874 crore
For beautification of Musi River in Hyderabad, the government has allocated Rs 1,000 crore.