Chandrashekar Rao Gives Rs.1.30 lakh cr Budget to Telangana



Hyderabad: Telangana`s Finance Minister Etela Rajender on Monday presented the state budget 2016-17 in the state assembly, proposing a expenditure of Rs.1,30,415 crore for the financial year.

This incorporates a plan of Rs.67,630 crore and non-plan cost of Rs.62,785 crore.

The finance minister gave the financial backing assessed revenue surplus of Rs.3,381 crore.

The fiscal deficit is projected at Rs.23,467 crore.

Focussing on irrigation, the budget has allocated Rs.25,000 crore for the sector.

An allocation of Rs.7,861 crore has been made for Palamuru lift irrigation project, Rs.6,286 crore for Kaleswaram project and Rs.1,150 crore for Sitarama project.

Rajender termed the budget as a step towards fulfilling the dream of `Bangaru (golden) Telangana`. He said the budget was in tune with the aspirations of the people.