Telangana Budget: Govt to spend Rs 10,000 cr on Hyderabad infra in 2020-21

Telangana government has proposed a whopping Rs 10,000 crore for the development of Hyderabad among other significant outlays, including Rs 11,917 crore for weaker section housing and Rs 6,225 crore towards phase-1 farm loan waiver on top of other big allocations to the existing flagship welfare and development programmes made in the annual budget for the year 2020-21.

The bigger and more public spending plans comes on the back of an anticipated rebound in the own tax and non-tax revenue as the government has proposed more than 27 per cent increase in budget expenditure at Rs 1,82,914.42 crore for the year 2020-21 with a revenue surplus of Rs 4,482 crore. The fiscal deficit was pegged at Rs 33,191 crore.