Massive TS budget presented, annual outlay pegged at over 2.30 lakh crore
Hyderabad: Telangana State Finance Minister T Harish Rao on Thursday presented a Rs 6,743 revenue surplus budget for 2021-22 with the annual outlay pegged at a mammoth Rs 2.30 lakh crore, recording a massive 63 per cent jump over the revised estimates of Rs 1.46 lakh crore for 2020-21.
Despite the Covid-19 crisis, the State continued to give priority to both welfare of the people and development of the State.
The revenue expenditure is estimated at over Rs 1.69 lakh crore while the capital expenditure would be Rs 29,046.77 crore. The fiscal deficit has been placed at Rs 45,509.60 crore.
Presenting his third State budget, Harish Rao announced that due to the proactive measures of the government, the primary sector comprising agriculture and allied sectors had registered 17.7 per cent growth in 2020-21. The secondary and service sectors recorded a negative growth of 5.2 per cent and 1.9 per cent respectively. Compared to the negative growth of 3.8 per cent growth in GDP (Gross Domestic Product) of the country due to the adverse impact of the pandemic, the State recorded a positive growth of 1.3 per cent in GSDP (Gross State Domestic Product), the Minister said.
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