Telangana: Deputy CM Mallu Bhatti Vikramaraka presents Vote on Account Budget for 2024-25
Telangana Deputy Chief Minister and State Finance Minister Mallu Bhatti Vikramaraka today presented the Vote on Account Budget for the year 2024-25 in the State Legislative Assembly. He proposed a total expenditure of 2 lakh 75 thousand 891 crore rupees. This includes the Revenue expenditure is 2 lakh 11 hundred 78 crore rupees and the Capital expenditure is 29 thousand 669 crore rupees.
The Finance Minister proposed 53 thousand 196 crore rupees in the Budget for the implementation of six guarantees, including cooking gas cylinders at 500 rupees, Indiramma House and 200 units of free power among others. He also said provision of additional funds will be made as required, once a complete assessment is made about the schemes.
The Finance Minister said the government is committed to implementing Rythu Bharosa and said modalities are being worked to enhance Rythu Bandhu to 15000 rupees annually from the current 10000 rupees but only to the eligible farmers. He also said guidelines are being framed to assist Tenant Farmers.
The Minister said the Government is committed to improving the lives of citizens and prioritizing the welfare of the disadvantaged. He said that their goal is to provide support and assistance to those in need and promote equality and well-being for all. Stating that the state economic growth rate shown a downward trend from 14.7 per cent to 11.3 per cent over the previous year. However, he said per capita income has gone up to 3.34 lakh rupees from the 3.1 lakh rupees of the previous year.