Telangana's amended budget projections for the 2023–24 fiscal year are expected to be roughly Rs 20,000 crore lower due to altered priorities and a delay in completing the proposed initiatives. According to the updated budget projections, by the end of january this year, actual spending for the fiscal year was about Rs 1.71 lakh crore, compared to the estimated Rs 2.24 lakh crore for the current fiscal year.
 
For the fiscal year 2023–2024, the State budget projections under the BRS regime put the total spending at Rs 2.49 lakh crore, which includes Rs 2.11 lakh crore for income and Rs 37,524 crore for capital.
 
However, deputy chief minister (Finance and Energy) Mallu bhatti vikramarka raised the total spending to Rs 2,24,625 crore when submitting the revised projections for 2023–24. Out of this, revenue expenditure is Rs 1,69,141 crore, and capital expenditure is Rs 24,178 crore.
 
Infrastructure development often results in capital expenditures, which are investments made to create assets for the State, whereas revenue expenditures are the costs associated with running the government, such as wages, pensions, and social programs.
 
The real overall spending before the formation of the congress administration in december of last year was Rs 1.44 lakh crore. The real total spending in january of this year was Rs 1.72 lakh crore, which included Rs 33,991 crore in capital expenditures and Rs 1.38 lakh crore in revenue expenditures.
 
In the first two months of its tenure, the congress administration spent about Rs 28,086 crore. According to Finance department sources, the real spending is unlikely to exceed Rs 2.04 lakh crore, even if the State government spends an additional Rs 32,000 crore in february and March.
 
The authorities ascribed the gap in real spending to the early bumps that every new administration has as a result of rearranged priorities, particularly when it comes to carrying out the six promises made by congress to the State's citizens.

With an estimated monthly cost of Rs 300 crore, the State government has so far introduced free bus transportation for women, increased coverage under Aarogyasri from Rs 5 lakh to Rs 10 lakh, and introduced Indiramma Housing. However, it is taking its time putting other pledges into action, such as Rythu Bharosa and increased Aasara pensions.
 
Total expenditure (in crore)

* Initial budget estimates – Rs 2.49 lakh

* Revised budget estimates – Rs 2.24 lakh

* Actuals till january – Rs 1.72 lakh crore

* Estimated shortfall in actual expenditure by the end of the current fiscal – Rs 20,000
 
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Telangana

SIBY JEYYA

23/03/2024 09:11 AM