Main Features Of Budget Of Telangna
- The Gross State Domestic Product (GSDP) of the state for 2022-23 (at current prices) is projected to be Rs 13.04 lakh crore. This is a growth of 13% over the revised estimate of GSDP for 2021-22 (Rs 11.54 lakh crore). In 2021-22, GSDP is estimated to grow at 19.1% over the previous year (at current prices).
- Expenditure (excluding debt repayment) in 2022-23 is estimated to be Rs 2,45,257 crore, a 22% increase over the revised estimates of 2021-22 (Rs 2,00,943 crore). In addition, debt of Rs 11,702 crore will be repaid by the state in 2022-23. In 2021-22, expenditure (excluding debt repayment) is estimated to be 9% lower than the budget estimate.
- Receipts (excluding borrowings) for 2022-23 are estimated to be Rs 1,93,089 crore, an increase of 24% over the revised estimates of 2021-22 (Rs 1,56,177 crore). In 2021-22, receipts (excluding borrowings) are estimated to be 11% lower than the budget estimate (Rs 1,76,177 crore).
- Fiscal deficit for 2022-23 is targeted at Rs 52,167 crore (4% of GSDP). In 2021-22, as per the revised estimates, fiscal deficit is expected to be 3.88% of GSDP, lower than the budget estimate of 3.94% of GSDP.
- Revenue surplus for 2022-23 is estimated to be 0.29% of the GSDP (Rs 3,755 crore). In 2021-22, the state is estimated to observe a revenue surplus of 0.38% of GSDP, lower than the budget estimate of 0.58% of GSDP.
- Education: The state’s first women university will be established. An outlay of Rs 100 crore has been proposed for the same. Over the next two years, medical colleges will be established in all districts.
- Healthcare: Super specialty hospitals will be established in all four parts of Hyderabad. These institutions will be collectively known as Telangana Institutions of Medical Sciences. To improve sanitation in hospitals, wages paid to sanitary workers will be increased.
- Social security: From next financial year, the age limit for Aasara pension (old age pension scheme) will be reduced from 65 years to 57 years.
Focus on Specific sectors
Welfare of SC, ST, OBC, and Minorities
Dalit Bandhu scheme has been allocated Rs 17,700 crore.
Agriculture and allied activities
Rs 14,800 crore has been allocated to Rythu Bandhu Scheme.
Rs 4,000 crore has been allocated to debt relief to farmers
Social Welfare and Nutrition
Rs 9,947 crore has been allocated towards the Aasara pensions.
Education, Sports, Arts, and Culture
Rs 4,868 crore and Rs 4,434 crore have been allocated as assistance to local bodies for primary education and secondary education, respectively.
Health and Family Welfare
Rs 822 crore has been allocated towards the National Health Mission.
Rs 2,000 crore has been allocated towards construction of medical colleges and super specialty hospitals.
Irrigation and Flood Control
Rs 9,958 crore has been allocated towards the capital outlay on irrigation and flood control.
Rs 7,665 crore has been allocated towards assistance to the Transmission Corporation of Telangana Limited for subsidy to agricultural consumers.
District police has been allocated Rs 3,864 crore.
Rs 1,460 crore has been allocated towards the MGNREGS scheme.
Roads and Bridges
Rs 4,472 crore has been allocated towards the capital outlay on roads and bridges.
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