The budget for 2023-24 would be presented on the first day of the session by Finance Minister T Harish Rao on Mondy.
Finance department said that the size of the State budget for 2023-24 would be between Rs 2.85 lakh crore and Rs 3 lakh crore.
Since the Union budget will be presented on February 6, the State government would be waiting to observe one important thing: share of States in Central taxes.
After this, the State government can calculate the size of the budget.
The estimated government expenditure in 2022-23 has already crossed Rs 2 lakh crore. There are still two months left in this financial year.
Financial experts say that if the expenditure for the two months are taken into account, the figure would reach Rs 2.10 lakh crore – Rs 2.15 lakh crore.
CM K Chandrasekhar Rao reviewed the proposals of the State Budget 2023-24. Harish Rao along with the officials of various departments attended the meeting in Pragathi Bhavan. The budget size is likely to be Rs 3 lakh crore.
