Hyderabad: For the first time in about two decades, the state has obtained a pragmatic budget, with the Congressional government predicting organic growth in rupee inflows, both through its own tax revenue, central taxation and power to borrow.
Since the allocation of Dr. YS Rajasekhar Reddy proposed a budget, crossing the 2008-09 crossover, the government has remained addicted to strengthening spending for years, despite the sharp decline in revenues and spending proposed in the previous fiscal year. After the fork, Telugu State followed this tradition.
Deputy Chief Minister and Finance Minister Malu Bhatti Vikramarka gained a foothold on Wednesday, with an organic growth rate of 7.3% from Rs 291 crore to Rs 304 crore to Rs 304 crore and a percentage growth rate of 14% for the previous BRS regime.
“We made a conscious decision because in any given situation the minimum growth will be 10%. If we achieve more, it will be passed on to the people.” Deccan Chronicle. He added: “In addition to focusing on urban development, we have successfully demonstrated our commitment to the welfare of women and youth.”
For example, the BRS regime expects revenue growth of sales and trade taxes from 2022-23 to 2023-24 to 2023-24 to 100,000 crore, but the actual growth is only 3.85 crore. The current government shows that the budget is estimated at Rs 37,463 crore, and it was Rs 334,499 crore in the previous fiscal year, with the difference being only Rs 40,000 crore. The state has received Rs 20,000 crore from decentralization of the central tax estimated at Rs 256,39 crore in the last fiscal year, and the budget has set the figure at Rs 298,99 crore.
To maintain a higher pace in the election year, the BRS government is expected to have a grant of up to Rs 41,259 crore, but it has actually received Rs 23,477.2 crore despite the battle with the centre. Instead, the Congress government predicted last year that it received Rs 206,580 crore in grants last year and received Rs 7,000 crore. For fiscal year 2025-26, it is expected to increase by Rs 20,000 crore, rather than the current fiscal volume. In the case of GST income, the government showed no intention to increase revenue abnormally and is expected to increase Rs 200 million.
When it comes to debt, the BRS regime borrowed Rs 9,000 crore in debt, and its estimated open market loans held last year were estimated at Rs 4,000 crore. The Congressional government expects that, based on the revised estimate (RE), it will eventually sell it at Rs 569,400 crore. However, in 2025-26, it is expected to be expected to be Rs 645,39 crore through open market loans.
The only area that the Finance Minister was surprised was an estimated 35% increase in revenue from registration and stamps. Despite the downturn in the property market, the budget budget is Rs 190.87 crore, compared with Rs 146.92 crore for the current fiscal year. Sources said Chief Minister A. Revanth Reddy was confident about the property market soon.
