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Telangana Budget 2024
Telangana Budget 2024 LIVE: Congress’ Six Guarantees in Priority
The Telangana government is set to present its budget for the 2024-25 financial year today, July 25, 2024. Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka will unveil the budget in the state legislative assembly. This marks the first full budget presented by a Congress-led state government since the formation of Telangana.
The vote-on-account budget introduced by the Congress government in February, following its assumption of power in December, is set to expire on July 31. Consequently, this budget will cover the period from August 2024 to March 2025.
The budget is estimated to be around ₹2.8 to ₹2.9 lakh crores. Finance Minister Mallu Bhatti Vikramarka arrived at the Telangana Assembly after conducting special prayers at the Nalla Pochamma temple at the Praja Bhavan. Chief Secretary A. Santhi Kumari welcomed him.
Reports suggest that the six guarantees and promises made by the Congress party during the 2023 Assembly elections will be prioritized in the budget.
Key Highlights and Focus Areas
- Healthcare: Enhancing medical facilities and providing free health check-ups to ensure accessible healthcare for all citizens.
- Education: Allocating funds for improving infrastructure in schools and colleges, and introducing new scholarship programs for students from economically weaker sections.
- Agriculture: Implementing farmer-friendly policies, providing subsidies on seeds and fertilizers, and ensuring timely procurement of crops to support the agrarian community.
- Employment: Creating new job opportunities, launching skill development programs, and supporting startups to boost employment rates.
- Infrastructure: Investing in the development of roads, bridges, and public transport systems to improve connectivity and support economic growth.
- Social Welfare: Introducing schemes for the welfare of women, children, and the elderly, ensuring a better quality of life for all sections of society.
Financial Estimates and Allocations
The budget is expected to detail specific allocations for each of these focus areas, aiming to fulfill the promises made by the Congress party. The estimated budget of ₹2.8 to ₹2.9 lakh crores will be strategically distributed to maximize impact and ensure the overall development of the state.
Rituals and Ceremonies
Before presenting the budget, Finance Minister Mallu Bhatti Vikramarka performed special prayers at the Nalla Pochamma temple, seeking blessings for the smooth presentation and implementation of the budget. This tradition underscores the cultural significance and the hopes pinned on the budget’s success.
Government’s Commitment
The Congress-led state government’s commitment to fulfilling its election promises is evident in the prioritization of the six guarantees. The budget aims to address critical issues faced by the residents of Telangana and to foster a more equitable and prosperous state.
As the budget presentation unfolds, citizens and political analysts alike will be keenly observing the allocations and the anticipated impact on various sectors. The government’s focus on healthcare, education, agriculture, employment, infrastructure, and social welfare highlights its dedication to comprehensive development and the well-being of its people.
Conclusion
The Telangana Budget 2024, presented by Finance Minister Mallu Bhatti Vikramarka, is a significant milestone for the Congress-led state government. With an estimated budget of ₹2.8 to ₹2.9 lakh crores, the government is poised to prioritize its six key guarantees, aiming to fulfill its election promises and drive the state’s development forward. As the budget takes shape, its success will be measured by the tangible improvements in the lives of Telangana’s residents and the state’s overall progress.
Telangana gets record railway budget allocation of ₹5,336 crore
Telangana got a record budget allocation of ₹5,336 crore for railway projects in 2024-25, as against the total railways allocation of ₹2.62 lakh crore of which ₹1.09 lakh crore has been allocated for safety-related activities, said Railways Minister Ashwini Vaishnaw on Wednesday.
