Telangana State Finance Minister Etela Rajender on 13 March 2017 presented the annual Budget for the FY 2017-18 in the legislative assembly.
Presenting his fourth Budget, Rajender announced that the State would achieve a Gross State Domestic Product (GSDP) growth of over 10.1 per cent between April 2016 and March 2017.
Highlights of Telangana State Budget 2017-18
• The total size of the budget was pegged at Rs 1,49,446 crore. Compared to the 2016-17 Budget, which was pegged at Rs 1,30,415 crore, it is more than over 19 crore rupees.
• The demonetization initiative of the Union Government has adversely affected the revenue collections under stamps and registration and to a lesser extent the revenue from the value added tax in the current year.
• A provision of Rs 50,954.61 crore is proposed in 2017-18 towards the committed expenditure under revenue heads.
• In addition, an amount of Rs 4,659.48 crore for loan repayments and an amount of Rs 5,544.85 crore towards loans and advances and Rs 448.26 crore has been proposed under the capital heads.
• Thus, the total amount proposed in 2017-18 towards committed expenditure is Rs.61,607.20 crore.
• Three installments of farm loan waiver have already been deposited into the bank accounts of farmers and the last installment will be released in 2017-18, for which a provision of Rs 4,000 crore has been proposed.
• It is proposed to procure and distribute 84 lakh sheep to 4 lakh Yadava families in the State over the next two years.
• It has been proposed to develop a textile park in Warangal and an apparel park in Sircilla.
• An amount of Rs 1,200 crore has been proposed towards assistance to weavers in the 2017-18 Budget.
• Rs 1,000 crore allocated for Most Backward Classes Commission.
• On the admission of pregnant women in a government hospital, the government has decided to extend an assistance of Rs 4,000. At the time of discharge from the hospital, further assistance of Rs.4000 will be provided.
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