Hyderabad: The Budget session of the Telangana State Legislative Assembly is likely to be held in the first week of February, with Finance Minister T Harish Rao presenting the State Budget for 2023-24 tentatively on either February 3 or 5 CHief Minister K.Chandar Sekhar Rao
is expected to take a decision in this regard at a high-level meeting on the State Budget, slated to be held at Pragathi Bhavan on Saturday.
With the union Budget for 2023-24 scheduled to be presented in the Parliament on February 1, the State government will get clarity on the budgetary allocations from the Central government including the Fiscal Responsibility and Budget Management (FRBM) limits as well as the tax devolutions (States’ share in the Central taxes).
Official sources indicated that the State Budget is being pegged around Rs 2.85 lakh crore to Rs 3 lakh crore for 2023-24. The Finance Department already started Budget preparations a couple of weeks ago and obtained necessary proposals from all government departments for various schemes and programmes being implemented in the State along with salaries and other expenditures. After ascertaining the Centre’s allocations to Telangan Statefor 2023-24, the Budget will be fine-tuned and presented in the Assembly.
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