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Telangana budget was presented in Assembly today, It focuses on both development and welfare in the state.
While presenting the budget for the financial year 2023-24, Telangana Finance Minister Harish Rao mentioned that ‘Telangana model’, which combines humanitarian approach, constructive thinking, futuristic planning and transparent administration, is getting accolades both nationally and internationally.
Highlighting the growth in state economy, he said, ‘At the time of the formation of the State, the economy was in a pathetic condition. In the two years preceding the formation of the State, the annual average GSDP growth rate was only 12 percent. This was much lower than the GDP growth of 13.4 percent.
The average annual GSDP growth rate of the State from 2014-15 to 2019-20 had increased by 13.2 percent. In the same period, the growth rate of GDP was lower at 10.2 percent.’
He also mentioned that Telangana has created history by recording the highest growth rate of 11.8 percent in per capita income during the period 2017-18 to 2021-22 among the Southern States.
Speaking on power sector, he said, ‘Telangana has created history by recording the highest growth rate of 11.8 per cent in per capita income during the period 2017-18 to 2021-22 among the Southern States.’
For the welfare of public, caps on the distribution of ration rice to the poor have been removed after the formation of Telangana and each member of the family is being supplied ration rice of 6 kg per month, he said.
By making administration humanitarian, the Government of Telangana has been allocating a lion’s share of its resources to welfare programmes. In a symbolic manner, the previous governments distributed only Rs.200 as monthly pension. Telangana government has increased the Aasara pensions from Rs.200 to Rs.2016. The amount of monthly pension for physically challenged people has been increased to Rs.3,016, the budget speech highlighted.
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( With inputs from www.siasat.com )
