This time it will be a welfare budget for the state of Telangana. Chief Minister KCR may not impose any fresh taxes on the people of the state and might allocate huge amount of funds for the double bed room houses. The budget will be in the March and the departments have started the exercise online.
Chief Minister K. Chandrasekhar Rao and finance minister Etala Rajender, who held a series of deliberations with various Heads of Departments, are giving final touches to the 2017-2018 Budget proposals.
The Budget may be presented in the first or second week of March.” As against Rs 1,30,415 crore Budget for financial year 2016 -17 (Plan expenditure of Rs 67,630 crore and Non-Plan outlay of Rs 62,785 crore), the finance minister is expected to present a marginally higher Budget for 2017-2018.
“The 2017-2018 budget will be marginally higher despite demonetisation blues. There could be increase of 10/15 per cent from the previous Budget. It could be Rs 1.45 lakh-crore,” the source said.
Like previous year, when the government estimated revenue surplus of Rs 3,381 crore, this Budget too will be revenue surplus, the source said. The government is adopting a flip-flop approach over affect on its revenue due to demonetisation, which it backed to hilt. It once said demonetisation will hit revenues, on another occasion it had asserted that the note ban will have no effect.
Finance Minister Eetala Rajendar who knows about the welfare agenda of KCR very well will give top priority to the pet projects like Mission Kakatiya, Mission bhageeradha and also two bed room housing. The Minorities will also get good allocations as they have supported the TRS government like anything.
A bill for the 12 percent reservations to the Minorities will also be passed in the Budget session and it would be sent to the centre.
