Harish Rao Likely To Present Vote-On-Account Budget
Hyderabad, Jan 9 (Maxim News): Finance Minister T. Harish Rao is likely to present a huge budget outlay of over Rs. 2.75 lakh crore for the year 2023-24, the Budget may be presented next month.
As 2023 is the electioneering year, the BRS President and Chief Minister K.Chandrasekhar Rao will take all measures to ensure that the ongoing welfare and development schemes continue without hurdles and will allege the Central government for not extending support and making it an election issue.
It may be recalled that the State government had presented an Rs. 2.56 lakh crore budget for the year 2022-23 including revenue expenditure of Rs. 1,89 lakh crore and capital expenditure of Rs. 29,728.44 crores. The BRS government makes the allegation that it has suffered a shortfall of Rs. 56,000 crores in revenue including dues, funds, grants, and compensation from the union government for the financial year 2022-23. Still, the State government claims it has registered a significant growth of around 19 percent in its total revenues in November 2022-23 compared to the previous year. Thus it could ensure the implementation of all ongoing schemes without much delay, despite severe financial challenges including delay in the release of funds from the Center as claimed by the BRS government.
According to the finance department sources, the State’s revenue receipts stood at Rs. 1,25,157 crore in November 2022-23 against Rs. 1,05,167 crore in November 2021-22, i.e. growth of around 19 percent. As per preliminary estimates, Telangana continues to maintain a higher growth rate in the Gross State Domestic Product (GSDP) at more than 10 percent at constant prices. Though it will be a Vote-on-Account budget as the State Assembly elections were due this December, it would be a full budget in nature covering all ongoing schemes.
Priority sectors include agriculture, health, education, and welfare with the State government giving equal focus on Dalit Bandhu, Aasara Pensions, and infrastructure development among others in budget allocations. (Maxim News)
Next Story:
-
Rajasthani Film ‘Bharkhama’ Won Special Jury Mention at JIFF 2025
![Rajasthani Film ‘Bharkhama’ Won Special Jury Mention at JIFF 2025]()
The Rajasthani film Bharkhama made waves at the Jaipur International Film Festival (JIFF) 2025, earning the distinguished Special Jury Mention Award. The movie’s special screening at GT Inox, Malviya Nagar, Jaipur, left a profound impact on both viewers and critics, marking a significant moment for regional cinema. The event was further elevated by the presence…
-
Trump Launches $500 Billion “Stargate” AI Venture
![Trump Launches $500 Billion “Stargate” AI Venture]()
In a major push to advance artificial intelligence (AI) infrastructure, United States President Donald Trump revealed a $100 billion joint venture called “Stargate” on January 21 (January 22 IST). The initiative, spearheaded by SoftBank Group, OpenAI, and Oracle Corporation, aims to revolutionize AI development in the U.S. with plans to scale the investment to $500…
-
Dalit Groom Riding Horse Faces Opposition: Police Step in for Protection
![Dalit Groom Riding Horse Faces Opposition: Police Step in for Protection]()
In Lavera village of Srinagar block, Ajmer district, a wedding procession proceeded peacefully on January 21 under heavy police protection. Around 400 police personnel were deployed to prevent potential opposition from upper-caste locals, who reportedly objected to the groom riding a horse—an act traditionally viewed as a symbol of status and equality.
-
Beti Bachao Beti Padhao Marks 10 Years of Launch
![Beti Bachao Beti Padhao Marks 10 Years of Launch]()
As India marks the tenth anniversary of the Beti Bachao Beti Padhao (BBBP) initiative, Prime Minister Narendra Modi has hailed the program’s transformative impact on addressing gender disparities and empowering the girl child. Launched on January 22, 2015, the initiative has evolved into a landmark movement for gender equality and girl-child education in India.
-
JEE Mains Exam: 3 Students Denied Entry for Arriving Late
![JEE Mains Exam: 3 Students Denied Entry for Arriving Late]()
The JEE Mains exams, necessary for admissions in prestigious engineering colleges across India, began on Wednesday, attracting thousands of eager students to exam centers nationwide. However, three students at the Ion Digital Zone Exam Center in Visakhapatnam were denied entry for arriving late.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page and Twitter and Instagram. For all the latest Hyderabad News updates
