Telangana proposes over Rs.1.15 lakh crore expenditure in first full-fledged Budget

Telangana's first full-fledged budget was presented in the assembly on Wednesday, proposing an expenditure of Rs.1,15,689 crore for the financial year 2015-16.

This includes a plan expenditure of Rs.52,383 crore and non-plan outlay of Rs.63,306 crore.

Finance Minister Etela Rajender presented the budget with estimated revenue surplus of Rs.531 crore.

The fiscal deficit is projected at Rs.16,969 crore.

Focussing on irrigation, the budget has allocated Rs.2,083 crore for Mission Kakatiya, aimed at reviving the tanks. The minister announced that 9,308 tanks will be revived during the financial year.

The newly-created state in November last year had presented Rs.1 lakh crore budget for 10 months of 2014-15.