Telangana Budget 2024-25: Comprehensive Breakdown and Key Allocations
The Telangana budget for the fiscal year 2024-25 stands at a substantial ₹2,91,159 crore, reflecting the state’s ambitious plans for development and welfare. This comprehensive financial plan aims to address various sectors, from agriculture and education to infrastructure and welfare, ensuring balanced growth and prosperity.
Revenue and Capital Expenditure
The budget outlines a revenue expenditure of ₹2,20,945 crore, allocated to cover the state’s ongoing operational costs and services. Additionally, a capital expenditure of ₹33,487 crore is designated for long-term investments in infrastructure and other capital projects, crucial for sustainable growth.
Key Sector Allocations
Agriculture and Allied Sectors
Agriculture remains a cornerstone of Telangana’s economy, with a significant allocation of ₹72,659 crore. This substantial investment underscores the government’s commitment to boosting agricultural productivity, supporting farmers, and enhancing rural livelihoods.
Special Component Sub Plan (SCSP) and Tribal Sub Plan (TSP)
To promote social equity, ₹33,124 crore is allocated for the Special Component Sub Plan (SCSP), and ₹17,056 crore for the Tribal Sub Plan (TSP). These funds are aimed at uplifting marginalized communities through targeted welfare programs.
Panchayati Raj and Rural Development
The Panchayati Raj sector, crucial for decentralized governance and rural development, receives ₹29,816 crore. This allocation supports rural infrastructure, sanitation, and other essential services, fostering grassroots development.
Irrigation
Recognizing the importance of water resources for agriculture and drinking water, ₹22,301 crore is earmarked for irrigation projects. This investment will enhance water supply, improve irrigation efficiency, and support water conservation initiatives.
Education
Education is pivotal for the state’s future, with ₹21,292 crore dedicated to this sector. This funding will improve educational infrastructure, enhance teaching quality, and provide scholarships to support students across Telangana.
Energy
To ensure energy security and meet growing demands, the energy sector is allocated ₹16,410 crore. This will support the development of renewable energy projects, enhance power distribution networks, and promote energy efficiency.
Health
A healthy populace is a priority, with ₹11,468 crore allocated to the health sector. This funding aims to improve healthcare facilities, expand medical services, and support public health initiatives across the state.
Other Notable Allocations
- Home Affairs: ₹9,564 crore
- Backward Classes (BC) Welfare: ₹9,200 crore
- Roads and Buildings (R&B): ₹5,790 crore
- Civil Supplies: ₹3,836 crore
- Minority Welfare: ₹3,003 crore
- Industries: ₹2,762 crore
- Women and Child Welfare: ₹2,736 crore
- Gruha Jyothi: ₹2,418 crore
- Animal Husbandry: ₹1,980 crore
- Rehabilitation and Reconstruction (RRR): ₹1,525 crore
- Forests and Environment: ₹1,064 crore
- Information Technology (IT): ₹774 crore
- Horticulture: ₹737 crore
- ₹500 LPG Cylinder Scheme: ₹723 crore
Hyderabad-Specific Allocations
Hyderabad, the state’s capital and a major economic hub, receives special attention in the budget with dedicated funds to enhance its infrastructure and services:
- Hyderabad Development: ₹10,000 crore
- Greater Hyderabad Municipal Corporation (GHMC): ₹3,065 crore
- Hyderabad Metropolitan Development Authority (HMDA): ₹500 crore
- Water Works: ₹3,385 crore
- Hyderabad Road Development Authority (HYDRAA): ₹200 crore
- Metro to Airport: ₹100 crore
- Outer Ring Road (ORR): ₹200 crore
- Hyderabad Metro Rail: ₹500 crore
- Old City Metro: ₹500 crore
- Multi-Modal Transport System (MMTS): ₹50 crore
- Musi Riverfront Development: ₹1,500 crore
Telangana Budget 2024-25: Political Context
This year’s budget presentation holds political significance as it marks the first time former Chief Minister K. Chandrashekar Rao (KCR) attends the assembly as the Leader of the Opposition. The shift in political dynamics adds a layer of intrigue and scrutiny to the budgetary process.
Deputy Chief Minister and Finance Minister Bhatti Vikramarka, along with Assembly Affairs Minister Duddilla Sridhar Babu, presented the budget to Chief Minister Revanth Reddy. This collaboration underscores the united approach towards the state’s financial planning and governance.
Conclusion
The Telangana budget for 2024-25 reflects the state’s vision for comprehensive development and social welfare. With significant investments across key sectors, the budget aims to foster growth, enhance infrastructure, and ensure the well-being of all citizens. As Telangana continues to progress, this budget lays a strong foundation for a prosperous and inclusive future.