Finance Minister Harish Rao tabled the annual budget for the financial year 2023-23 in the Telangana Legislative Assembly. Pegged at Rs. 2,90,396 crores, the budget laid emphasis on revenue expenditure. While the revenue expenditure is Rs.2,11,685 crores, the capital expenditure proposed is Rs.37,525 crores.
The budget document mentioned that despite the hurdles created by the union government, Telangana managed its finances well through its own efforts.
Some of the achievements highlighting the performance of Telangana since 2014
> The average annual GSDP growth rate of the State from 2014-15 to 2019-20 had increased by 13.2 per cent. In the same period, the growth rate of the country’s GDP was lower at 10.2 per cent.
> Telangana has created history by recording the highest growth rate of 11.8 per cent in per capita income during the period 2017-18 to 2021-22 among the Southern States.
> The share of Telangana in GDP improved from 4.1 per cent in 2014-15 to 4.9 per cent in 2020-21.
> The per capita income of Telangana is estimated to increase from Rs.1,12,162 in 2013-14 to Rs.3,17,115 in 2022-23. This is higher than the national per capita income of Rs.1,70,620 by 86 per cent. As compared with the national per capita income, per capita income of Telangana is higher by Rs.1,46,495.
The secretariat department wise allocations made in the budget (in Rs. Crores)
Agriculture & Cooperation Department – 26,831
Animal Husbandry & Fisheries Department – 2,071
Backward Class Welfare Department – 6,229
Energy Department – 12,727
Environment, Forest, Science & Technology Department – 1,471
Finance Department – 49,749
Food & Civil Supplies Department – 3,117
General Administration Department – 1,491
Health, Medical & Family Welfare Department – 12,161
Higher Education Department – 3,001
Home Department – 9,599
Industries & Commerce Department – 4,037
Information Technology & Communications – 366
Irrigation Department – 26,885
Labour and Employment Department – 542
Law Department – 1,665
Legislature – 168
Minorities Welfare Department – 2,200
Municipal Administration & Urban Development – 11,372
Panchayat Raj and Rural Development – 31,426
Planning Department – 11,495
Revenue Department 3,560
Scheduled Castes Development Department – 21,022
Secondary Education, Secretariat Department – 16,092
Transport Department – 1,644
Roads and Building Department – 22,260
Tribal Welfare Department – 3,965
Women, Children, Disabled & Senior Citizens – 2,131
Youth Advancement, Tourism and Culture Department – 1,117