Telangana Chief Minister K Chandrasekhar Rao and his team is reportedly keen on putting up a much realistic budget this year. The budget last year expected earning huge revenues through the sale of government land, as also the land and building regularization schemes besides grants from the Center.
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But nothing materialized leaving the state cash-strapped. So the state government had decided not to show a Jumbo budget this year and would also show borrowings. Last year, Telangana presented a budget of Rs 1.15 Lakh Crore. Initial plans were to present a Budget in the range of Rs 1.40 lakh crore.
But taking this realistic stance, the state government decided to put up 1.10 Lakh Crore Budget. Against the Rs 1.15 lakh crore size of the 2015-16 Budget, the state government could not even touch the One Lakh Crore Mark. The state government is keen on more borrowings to take up irrigation projects, Mission Bhageeratha, 2BHK houses and KG-to-PG Free Education.
