The Telangana government presented its budget for the 2024-25 financial year today, July 25, 2024. Deputy chief minister and Finance minister Mallu Bhatti Vikramarka present the budget in the state legislative assembly.
This will be the first full Budget presented by a Congress-led state government after the formation of Telangana.
The vote-on-account Budget introduced by the Congress government in February, following its assumption of power in December, is set to expire on July 31. Consequently, this Budget will cover the period from August 2024 to March 2025.
LIVE updates
1:45 am: Rs 1525 crores proposed for the Regional Ring Road (RRR) project
12:52 am: Department-wise proposed allocations- Rs.72,659 crores to agriculture. Rs.33,124 crore for SC welfare, Rs.17,056 crore for ST welfare, Rs.9,200 crore for BC welfare, Rs.29,816 crores for rural development, Rs.22,301 crore for Irrigation. Rs.16,410 crores for TRANSCO & DISCOMs. Rs.11,468 crores for Medical &Health Rs.5,790 crores for Roads & Buildings Department. Rs.9,564 crores for the Home Department. Rs.2,762 crores for Industries and Rs.774 crores for IT, 2,736 crores for Women and child welfare, Rs 1,064 crores for Forest & Environment.
12:51 am: Rs 35,208.44 crore – non-tax revenue proposed in the Telangana Budget. This revenue will come mostly from the sale of lands
12:49 am: Rs 3003 crores proposed allocation for the minorities welfare department, Bhatti informed
12:46 am: The government spent Rs 33 crore for Ramzan celebrations this year and Rs 50 lakhs was granted for the maintenance of Ashurkhanas. We have also allocated Rs 2.4 crore for the Tablighi Jamat meeting in the Vikarabad district. Rs 4.43 crores granted for Haj this month, he added.
12:44 am: Rs 33124 crores proposed allocation to SCSDF for SC welfare and 12056 crores to STSDF for ST welfare
12:36 am: Department-wise proposed allocations- Welfare – Rs 40 000 crore, Education – Rs 21,292 crore, Irrigation – Rs 22,301 crore, Medical and Health- Rs 11,468 crore, Energy – Rs 16,410 crore, Home – Rs 9, 564 crore, Roads and Buildings – Rs 5,790 crore and Industries – Rs 2, 762 crore
12:34 am: 1.90 crore Praja Palana applications received between December 28, 2023 to January 6, 2024
12:32 am: Telangana Budget proposed Rs 3,065 cr to GHMC, Rs 500 cr to HMDA, and Rs 3,385 crore to Metro Water Works. Rs 200 cr to HYDRAA, Rs 100 cr for extension of Metro to Airport, Rs 200 cr for ORR and Rs 500 cr for extension of Metro to Old City
12:29 am: “The Budget is not just a collection of numbers but also an expression of our values and aspirations,” he remarked.
12:28 am: Delivered 31,768 recruitment papers to several government departments, Bhatti said
12:25 am: Rs 34579 crores spent on various schemes like free bus, free power till 200 units, Rythu Bharosa and rice subsidy since December, said Bhatti
12:23 am: The size of the Telangana Budget for 2024-25 is Rs 2,91,159 crore. The capital expenditure is estimated as Rs 33,487 crore
12:21 am: The Congress government has paid off Rs 42892 crore debt until now and has taken a debt of Rs 35118 lakh crores, Bhatti said
12:14 am: Rs 26000 crore allocation to the Irrigation department and Rs 40000 crore for welfare schemes
12:13 am: Rs 6.71 lakh crore debt on Telangana by December 2023, Bhatti said
12:10 am: The biggest challenge in front of us was the debt the state incurred when the Congress came to power, Bhatti said
12:10 am: BRS chief KCR arrives at Assembly
12:08 am: Farmers are still suffering due to the corruption in irrigation projects under BRS, alleged Bhatti
12:07 am: Telangana’s debt went up by 10 times under BRS, the state didn’t progress, said Bhatti
12:05 am: Finance minister begins Budget speech, targets BRS; says the previous government failed to deliver on the aspirations of Telangana’s people after the formation of the state. BRS MLAs raise slogans against these remarks
11:52 am: IT minister D Sridhar Babu to present the Budget in the Telangana Legislative Council
11:45 am: Finance minister Mallu Bhatti Vikramarka presents the 2024-25 state Budget to chief minister A Revanth Reddy
11:16 am: State cabinet led by chief minister A Revanth Reddy approves the full Budget estimated to be at Rs 2.95 lakh crores
10:55 am: The Leader of the Opposition (LoP) and former chief minister K Chandrashekhar Rao (KCR) to set foot in the Assembly for the first time after the 2023 Assembly election defeat, the BRS said in a release
10:36 am: The budget is estimated to be around 2.8 to 2.9 lakh crores. The Finance minister, Mallu Bhatti Vikramarka arrived at the Telangana Assembly after conducting special prayers at the Nalla Pochamma temple at the Praja Bhavan. Chief Secretary A Santhi Kumari welcomed him
9:19 am: Six guarantees and promises made by the Congress party in the run-up to the 2023 Assembly elections will be prioritised in the Budget, reports suggest
