In all probability, the size of the State Budget 2019-20 will shrink by another 10 to 15%, if one goes by the non-release of grants and taxes by the Central government. Its size was cut to Rs 1.46 lakh crore from the vote-on-account budget of Rs 1.82 lakh crore. The reduction in the State’s share of Central taxes, owing to the economic slowdown, will adversely affect the State Budget.
Of the Rs 1.46 lakh crore budget, the State proposed to mop up around Rs 10,000 crore by selling land in phases. But it has not yet started this process. The chances of the State getting the estimated revenue by selling land this financial year are remote. With this, the actual size of the Budget will drop to Rs 1.36 lakh.
Taking into consideration the reduced revenue from the Centre and reduced revenue collections in the state due to the economic slowdown, the size of the Budget is likely to end up between Rs 1.25 lakh crore and Rs 1.3 lakh crore.
https://www.newindianexpress.com/states/telangana/2019/dec/11/telanganas-state-budget-to-shrink-further-by-10-15-per-cent-2074380.html
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In all probability, the size of the State Budget 2019-20 will shrink by another 10 to 15%, if one goes by the non-release of grants and taxes by the Central government. Its size was cut to Rs 1.46 lakh crore from the vote-on-account budget of Rs 1.82 lakh crore. The reduction in the State’s share of Central taxes, owing to the economic slowdown, will adversely affect the State Budget. Of the Rs 1.46 lakh crore budget, the State proposed to mop up around Rs 10,000 crore by selling land in phases. But it has not yet started this process. The chances of the State getting the estimated revenue by selling land this financial year are remote. With this, the actual size of the Budget will drop to Rs 1.36 lakh. Taking into consideration the reduced revenue from the Centre and reduced revenue collections in the state due to the economic slowdown, the size of the Budget is likely to end up between Rs 1.25 lakh crore and Rs 1.3 lakh crore. https://www.newindianexpress.com/states/telangana/2019/dec/11/telanganas-state-budget-to-shrink-further-by-10-15-per-cent-2074380.html
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