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In a strategic move reflecting shifting priorities, Telangana gears up for its latest budget for the fiscal year 2024-25. Expected to be unveiled next month, the budget is anticipated to zero in on the Congress government’s Six Guarantees and usher in new development projects.
The groundwork is in full swing as officials prepare to present a comprehensive budget in the upcoming Assembly session. However, there remains a possibility of a Vote-on-Account budget if the schedule for the Lok Sabha elections is announced.
In the current financial year of 2023-24, the previous BRS government made headlines with a substantial Rs 2.9 lakh crore budget presented in February last year. Sources within the Finance department suggest that while proposals are actively being gathered from relevant departments, the State budget for 2024-25 is poised to surpass the outlay of the preceding fiscal year.
The focus on the Congress government’s Six Guarantees underscores a targeted approach to address key areas of concern and meet the expectations of the public. As the state readies itself for this financial roadmap, the anticipation builds around the potential impact on development projects and the overall fiscal trajectory.
Whether the Telangana budget takes the form of a full-fledged presentation or a Vote-on-Account contingent on election timelines, Telangana’s fiscal landscape is poised for a significant evolution in the coming year. Stay tuned for updates on the unveiling of the budget and its implications for the state’s economic and developmental trajectory.
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