Telangana Govt Presents Rs 3.24 Lakh Crore Budget, Focuses On Farmers, Youth, Women

Telangana Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka presented the state’s budget for the financial year 2026‑27 on Friday, pegging total expenditure at ₹3.24 lakh crore. Of this, revenue expenditure accounts for ₹2.34 lakh crore, while capital outlay stands at ₹47,267 crore, marking the third full-fledged budget of the Congress government in the state Assembly.

Vikramarka highlighted Telangana’s robust economic performance, noting that the state’s Gross State Domestic Product (GSDP) grew 10.7% in 2025‑26, outpacing the national growth rate of 8%. At current prices, Telangana’s GSDP stands at ₹17,82,198 crore, representing 5% of India’s total GDP. The finance minister emphasized that the state continues to outperform the national average, reinforcing its status as a key growth engine for the country.

The state’s per capita income in 2025‑26 reached ₹4,18,931, growing 10.2% year-on-year. In comparison, India’s per capita income stood at ₹2,19,575 with a 6.9% growth rate. “Telangana’s per capita income is 1.9 times higher than the national average, exceeding it by ₹1,99,356,” Vikramarka said, stressing the state’s relative prosperity.

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Looking ahead, the government has set ambitious long-term goals to transform Telangana’s economy, currently valued at $200 billion, into a $1 trillion economy by 2034 and a $3 trillion economy by 2047. To achieve this, special sector-wise development plans are being prepared. The budget emphasizes sustainable growth, prioritizing farmer welfare, women’s empowerment, youth employment, quality education and skills, healthcare, nutritious food for students, and infrastructure development.

Vikramarka also addressed the state’s fiscal health, noting that excessive borrowings by the previous government had placed a severe burden on Telangana’s finances. To mitigate this, loans amounting to ₹25,612 crore raised at high interest rates were restructured with extended repayment periods ranging from 20 to 39 years. As a result, the state’s cash outflow from 2025‑26 to 2031‑32 has been reduced from ₹34,058 crore to ₹11,915 crore, providing liquidity relief of ₹22,142 crore.

The finance minister described the budget as a roadmap for Telangana’s continued growth and resilience. Despite challenges, he said, the state is moving forward rapidly on the path of development, likening its progress to a “phoenix rising from the ashes,” with policies aimed at inclusive and sustainable economic expansion.

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