The Budget was proposed for 1,82,914 crore . 136000 crore was spent in the last year budget. The revenue growth has come down to some extent when compared to the last year.
This year the budget has been increased by around 56000 crore. The revenue deficit for this year is around 33000 crore.
Hyderabad is a peaceful city and there is no curfew anywhere Harish Rao the Minister for finance said. He was making the budget presentation. He said that the command control which can monitor the state from a single point is getting completed he stated.
The IT sector is getting expanded into tier 2 and 3 cities he said. The IT exports are growing every year he said. The real estate has become a big industry creating a lot of employment the Minister said.
The purchasing capacity of the individuals has to be increased he said. The people have reposed confidence in all the election here in Telangana he explained.
This budget is for the development of the state in the next 4 years he said. No dearth of funds for the welfare he said. This is peoples budget Harish opined.1000 crore has been allocated for RTC development.