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Telangana’s First Full Budget Presentation
The Telangana government is set to present its first full budget in a decade on July 25. The budget session of the legislature will commence on July 23.
Background:
This marks the first full budget presentation by the Congress government in Telangana since 2014 when the last full budget was presented in the assembly of the erstwhile united Andhra Pradesh.
Session Details:
Governor C.P. Radhakrishnan has summoned the assembly session to begin on July 23. The session will start with the governor addressing the joint sitting of the legislature.
Vote on Account Budget:
On February 10, the state government had presented a vote on account budget for four months due to the Lok Sabha elections. As this period is set to expire on July 31, the state government needs to pass the full budget before the deadline.
Union Government Budget:
Coincidentally, the Union Government will also present its budget on July 23, with Finance Minister Nirmala Sitharaman presenting it for the third time.
Telangana Budget Presentation: Key Highlights and Expectations
Introduction
The Telangana government is set to present its budget on July 25, marking a significant moment for the state’s financial planning and development. This session is particularly notable as it will be the first full budget presented by the Congress government in a decade, following the last full budget for the erstwhile united Andhra Pradesh in 2014.
Session Details
The budget session of the Telangana legislature will commence on July 23. Governor C.P. Radhakrishnan has summoned the assembly for this session, which will begin with his address to the joint sitting of the legislature. The presentation of the budget on July 25 will be a key event in this session.
Vote on Account Budget
Earlier this year, on February 10, the state government presented a vote on account budget for four months due to the Lok Sabha elections. This interim budget provided necessary funds for the state’s functioning during the election period. As the vote on account budget period is set to expire on July 31, it is imperative for the state government to pass the full budget in the legislature before this deadline.
Key Focus Areas
- Economic Growth and Development: The budget is expected to focus on stimulating economic growth and development across various sectors, including agriculture, industry, and services. Infrastructure development, particularly in urban and rural areas, is likely to receive significant attention.
- Social Welfare Programs: The government is anticipated to allocate substantial funds towards social welfare programs aimed at improving the quality of life for the underprivileged and marginalized communities. This includes healthcare, education, housing, and other essential services.
- Agricultural Sector Support: Given the importance of agriculture to Telangana’s economy, the budget is likely to include measures to support farmers, enhance irrigation facilities, and improve agricultural productivity. Subsidies, loan waivers, and investment in modern farming techniques may be key components.
- Infrastructure Development: Major infrastructure projects, including road construction, public transport enhancements, and development of smart cities, are expected to be a highlight of the budget. These initiatives aim to improve connectivity and boost economic activities in the state.
- Digital Transformation: In line with global trends, the Telangana budget may prioritize digital transformation initiatives. This includes investments in technology, digital infrastructure, and e-governance to enhance efficiency and transparency in government operations.
Union Government Budget
Coincidentally, the Union Government will also present its budget on July 23, with Finance Minister Nirmala Sitharaman presenting it for the third time. The Union budget will have implications for Telangana, particularly in terms of central allocations and policy directions that impact the state’s economy.
Conclusion
The upcoming Telangana budget presentation is a crucial event for the state, setting the financial and developmental agenda for the coming year. With a focus on economic growth, social welfare, agricultural support, infrastructure development, and digital transformation, the budget aims to address the pressing needs of the state and its people. As the government prepares to unveil its financial plans, stakeholders across various sectors will be keenly watching the announcements and allocations.
