Telangana’s H1 revenue below expectations as expenditure remains high
The State registers 38.14% of revenue receipts at the end of September month
Telangana's H1 revenue fell short of expectations, with only Sales Tax and Goods and Services Tax exceeding 50% of the projected levels, according to wire material. Interest payments accounted for 77.76% of the budget, while pension payments reached 96.6%. Expenditure on salaries and wages amounted to ₹26,258 crore, representing 52.23% of the budget.
The State anticipates higher expenditure due to the release of two Dearness Allowance installments in November. Revenue-generating departments saw moderate growth, but non-tax revenue and grants-in-aid remained low at ₹5,754 crore and ₹3,705 crore, respectively. Overall revenue receipts were ₹92,013 crore, only 38.14% of the ₹2.41 lakh crore budget estimate.
Borrowings and liabilities make up nearly half of the revenue, with the Government having net borrowings of ₹25,900 crore and gross borrowings of ₹36,900 crore as of August.
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