Telangana State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Telangana FY 2023-24
Telangana State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 1.69 lakh crore
+17.8%
Total Expenditure
Rs 2.32 lakh crore
+14.7%
Fiscal Deficit
3.4%
Rs 49,373 crore
Capital Expenditure
Rs 44,253 crore
+29.4%
Tax Revenue
Rs 1.12 lakh crore
+25.3%
Interest Payments
Rs 23,337 crore
10% of expenditure
Telangana Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Telangana Expenditure Breakdown 2023-24
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Telangana 2023-24
The fiscal deficit for Telangana in 2023-24 is 3.4% of GSDP (Rs 49,373 crore), reflecting the state's borrowing needs to fund development programmes.
States are expected to maintain fiscal deficit within 3% of GSDP as per the FRBM Act. Telangana is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 23,337 crore consume 10.1% of total expenditure.
Telangana State Budget 2023-24 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 2.23 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.69 lakh crore | 76.0% |
| a. Own Tax Revenue | Rs 1.12 lakh crore | 50.2% |
| b. Non-Tax Revenue | Rs 23,820 crore | 10.7% |
| B. Total Expenditure | Rs 2.32 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.67 lakh crore | 72.1% |
| 2. Capital Expenditure | Rs 44,253 crore | 19.1% |
| of which: Interest Payments | Rs 23,337 crore | 10.1% |
| C. Fiscal Deficit | Rs 49,373 crore | 3.4% of GSDP |
Source: Telangana State Budget Documents via PRS India. All figures in Indian Rupees.
Telangana Department-wise Expenditure 2023-24
Top departments by allocation in Telangana for 2023-24
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 20,000 crore | Rs 2,500 crore | Rs 22,500 crore | 9.7% |
2. Agriculture & Allied | Rs 13,000 crore | Rs 2,800 crore | Rs 15,800 crore | 6.8% |
3. Health & Family Welfare | Rs 11,500 crore | Rs 2,200 crore | Rs 13,700 crore | 5.9% |
4. Rural Development | Rs 10,000 crore | Rs 3,500 crore | Rs 13,500 crore | 5.8% |
5. Energy | Rs 8,800 crore | Rs 3,500 crore | Rs 12,300 crore | 5.3% |
6. Social Welfare | Rs 10,500 crore | Rs 1,200 crore | Rs 11,700 crore | 5.0% |
7. Transport & Roads | Rs 5,000 crore | Rs 6,500 crore | Rs 11,500 crore | 5.0% |
8. Urban Development | Rs 7,000 crore | Rs 4,000 crore | Rs 11,000 crore | 4.7% |
9. Water Resources & Irrigation | Rs 4,500 crore | Rs 6,200 crore | Rs 10,700 crore | 4.6% |
10. Police & Home | Rs 8,000 crore | Rs 1,800 crore | Rs 9,800 crore | 4.2% |
Telangana Budget 2023-24 Analysis & Highlights
Key Highlights
- Last revised estimates under BRS government before electoral transition in December 2023.
- Total expenditure revised to Rs 2,41,000 crore โ lower than original estimates.
- Revenue buoyancy from Hyderabad IT sector maintained despite global tech slowdown.
- Kaleshwaram project received Rs 8,000 crore including emergency repair allocations.
- Dalit Bandhu scheme scaled back from Rs 17,700 crore budget to Rs 6,000 crore actual disbursement.
- Fiscal deficit at 3.0% of GSDP โ at the FRBM boundary.
- Capital expenditure sustained at Rs 35,000 crore driven by irrigation and urban infrastructure.
- Market borrowings moderated as the state slowed new project commitments ahead of elections.
- Tax revenue growth at 11% despite global headwinds to the IT sector.
- Outstanding debt crossed Rs 3,20,000 crore excluding off-budget corporation borrowings.
Compare Telangana Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 2.02 lakh crore | Rs 2.32 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 1.44 lakh crore | Rs 1.69 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 34,200 crore | Rs 44,253 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.2% | 3.4% |
| Own Tax Revenue | โ | โ | โ | Rs 89,200 crore | Rs 1.12 lakh crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Telangana State Budget 2023-24
The Telangana state budget is the annual financial plan presented in the state legislature. It covers all revenue receipts, expenditure allocations across departments, and fiscal deficit management. State budgets are critical because states handle key development areas including education, health, agriculture, and infrastructure.
Telangana Revenue Sources
State revenue comes from three sources: own tax revenue (state GST, stamp duty, excise, vehicle tax), non-tax revenue (fees, fines, interest), and transfers from the Centre (share of central taxes as per Finance Commission recommendations, plus grants-in-aid for specific schemes).
Fiscal Deficit and State Borrowing
Under the FRBM framework, states target a fiscal deficit of 3% of GSDP. States can borrow from the market via State Development Loans (SDLs), and the central government also provides loans. The RBI manages the borrowing calendar for states to ensure orderly market conditions.
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Compare Telangana with other states
Side-by-side comparison of fiscal metrics across Indian states