Telangana govt slashes FY20 budget citing slowdown impact on state finances

The government has allocated around Rs 9,000 crore for social security pensions

Telangana has reduced budgetary expenditure for 2019-20 by nearly 20 per cent, to Rs 1.46 trillion as compared to the Rs 1.82 trillion it had asked for in March, in the Vote-on-Account prior to the state assembly election. 

Presenting a full Budget for FY20 (officially from April 1) in the legislative assembly, Chief Minister K Chandrasekhara Rao said this was done as the country’s economic slowdown had impacted state finances in great measure.

This takes the size of the annual Telangana Budget back by two years. In FY18, the state announced Rs 1.49 trillion as the estimated spending; it later incurred a