Contrary to predictions that Telangana's vote-by-vote budget for 2019-2020 would exceed 2 million crowns, the chief minister, K.Chandrasekhar Rao, chose to be realistic and set it at 1.82.017 crore. But the budget included allocations for new schemes as well as increased assistance under existing schemes, as promised by the ruling TRS in the run-up to the elections to the Assembly.
Of the total expenditure, expenditure on revenue is estimated at 1,31629 crore and capital expenditure – 32,815 crore with a surplus of 6,564 crore. The budget deficit is estimated at ¥ 27,749, which corresponds to 2.81% of the GSDP and the FRBM standard of 3%. Introducing the vote count budget in the legislature here Friday, the prime minister gave priority to agriculture, irrigation and the welfare of farmers and other sections. Realizing some of the election promises, the government allocated 12,067 crore pensions for Aasara pensions, which were doubled from 1,000 to 2,016 rand and for people with reduced mobility from 1,500 to 3,016 rupees. The old-age pension limit has been reduced to 57 from 64 to 57 years, bringing the population to about 11 lakh. In his nearly one-hour speech, Mr. Rao announced the government's determination to hold another major election promise, the unemployment benefit of ¤ 3,016 per month for eligible young people, providing 1 810 cr. The details of the project were being developed. He said the state had become a model for the country through the series of innovative programs and the considerable growth rate achieved by the state's gross domestic product. The current price MSRP rose from 14.2 percent in 2016-17 to 14.3 percent in 2017-18, and is expected to exceed 15 percent at an exchange rate of Rs 8.66 million. exercise in progress. This growth is significant compared to the national average of 12.3%.
"Previously, the development models of Gujarat and Kerala were cited as models, but Telangana's inclusive growth approach is now at the center of the stage," he said, adding that this approach was endorsed by those who had given a massive mandate to the TRS during the recent Assembly. elections.
After the debate on the Saturday House Vote Budget, the government would seek approval of the appropriations bill for spending the next six months. A full budget would be presented after the Lok Sabha elections.
The other major expenditures in the budget are 12,000 crowns for Rythu Bandhu farmers' investment aid, which will increase from £ 8,000 to £ 10,000 per acre per annum, 650 crores for Rythu Bbhima and 6,000 crores. crore for the farm transfer. Loans of an amount less than 1 lakh on December 11, 2018.
The irrigation sector, including the Kakatiya mission, received the highest allocation of Rs. 22,500 crores, followed by the agricultural sector with 20,307 crores and the health sector with 5,536 crores. , the food subsidy of 2,744 crores for the supply of 1 kg of rice under the public distribution program.
Under the Special Development Fund, it has been proposed to create a credit of 16,581 crore for SCs and 9,827 crore for STs, with a provision to carry forward the unused balance of funds allocated in the next year to the legislation adopted by the State. the well-being of minorities, Rs. 1,000 crore for most backward classes.
By giving priority to village development, the state has estimated that a total amount of 8,000,000,000 crowns per year would be available for Gram Panchayats from central and state finance commissions and NREGA grants.