Telangana government appears to be confident of meeting its financial requirements for the current financial year with more than a month still remaining for its completion.
The confidence stems from the fact that the actual expenditure for the fiscal is likely to be far lower as compared to the projections made in the budget estimates. The government has projected the total expenditure at ₹2.49 lakh crore including revenue expenditure of ₹2.11 lakh crore for the financial year 2023-24.
Deputy Chief Minister (Finance and Energy) Mallu Bhatti Vikramarka said in his budget speech that the estimated total expenditure for the fiscal will be ₹2.24 lakh crore including revenue expenditure of ₹1.69 lakh crore and the State was likely to end the fiscal with revenue surplus of ₹9,031 crore and fiscal deficit of ₹33,786 crore.
