Hyderabad: Telangana chief minister K. Chandrasekhar Rao on Friday presented a vote on account budget, tabling a ₹1,82,017-crore annual plan for 2019-20. The budget provided for a revenue expenditure of ₹1,31,629 crore, capital expenditure of ₹32,815 crore, revenue surplus of ₹6,564 crore, and a fiscal deficit of ₹27,749 crore for the first six months of the fiscal year.
In his speech during the state’s fifth budget, Rao also proposed to introduce an unemployment allowance of ₹3,016 per month to the eligible, an election promise he made last year, for which an amount of ₹1,810 crore was proposed. The chief minister, who currently holds the finance portfolio, also indicated allocations for other big welfare programmes and development projects in the state.
He also proposed to increase the amount for the state’s flagship investment support ‘Rythu Bandhu’ scheme (under which land-holding farmers get ₹4,000 per acre, per season every year) to ₹12,000, as the support per acre (per season) now was also proposed to be increased to ₹5,000. To keep another of his election promise, Rao also proposed to set aside ₹6,000 crore to waive off all agriculture term-loans up to ₹1 lakh.
“The growth of Gross State Domestic Product (GSDP) at current prices has improved from 14.2% in 2016-17 to 14.3% in 2017-18. Keeping the same trend this year, Telangana is estimated to grow at 15% in 2018-19 against the country’s growth rate of 12.3%. The GSDP of the state during 2018-19 is estimated at ₹8,66,875 crore," Rao said in his speech on Friday.
The chief minister also said the state government’s drinking water project, Mission Bhagiratha, will be completed by April 2019. “The mission provides drinking water to all villages, municipalities and habitations in the state. So far, all households in the 19,750 habitations are receiving drinking water through the pipes fitted with taps," Rao added.
In a significant development, the state government on 14 February slashed the deposit amounts for obtaining tap connections in urban areas to just Re 1 for Below Poverty Line (BPL) families and ₹100 for other households. It aims to supply drinking water to 55 lakh rural households through the project. The Rao-led Telangana Rashtra Samithi (TRS) came to power last year after it won 88 of the state’s 119 assembly seats.