Telangana finance minister Etala Rajender presented the maiden budget for the newly-formed state with an outlay of R1,00,637 crore, which included R48,648 crore plan expenditure and non-plan outlay of R51,989 crore. The estimated revenue surplus is R301 crore.
The marginal revenue surplus is entirely on account of additional resource mobilisation proposed in the budget. The fiscal deficit is estimated at R17,398.72 crore. As a percentage of GSDP, the estimated fiscal deficit is 4.79%.
Introducing the budget amidst protests by the Opposition Congress, BJP and TDP MLAs, the minister said the government’s priority is to rebuild the state that has been exploited by the previous governments.
Short, medium and long-term action plans have been conceived for which 14 task force committees were constituted, Rajender said. “Though this budget is only for the available 10 months of the current fiscal, it has been so programmed to integrate seamlessly into the five-year perspective plan 2014-2019,’’ he said.