Telangana Finance Minister Mallu Bhatti Vikramarka, who is also the Deputy Chief Minister, has proposed a Budget of ₹3,04,965 crore, about 5 per cent more than last year’s, with a revenue expenditure of ₹2,26,982 crore and a capital expenditure of ₹36,504 crore.
Presenting the Budget in the State Assembly on Wednesday , he pegged Telangana’s Gross State Domestic Product (GSDP) for 2024-25 at current prices at ₹16,12,579 crore, registering a growth rate of 10.1 per cent over the previous year.
“Compare with this national GDP of ₹3,31,03,215 crore, which grew at a rate of 9.9 per cent,” he said.
Stating that the State aims to become a $1 trillion economy from its current level of $200 billion within the next decade, he said the State government has announced the ‘Telangana Rising 2050’ Vision. He added that the State was developing a Master Plan to transform Hyderabad into a global city, focusing on technological advancement, transportation expansion, infrastructure development, and environmental conservation.
Future City
The Future City, which covers an area of 765-sq km and 56 villages between the Srisailam and Nagarjuna Sagar Highways, will be a Net Zero City, ensuring a sustainable and pollution-free urban living.
“To ensure its seamless execution, we established the Future City Development Authority (FCDA). This next-generation city will be equipped with multimodal connectivity, an electric public transport network, and green buildings,” he said.
“The new city will have dedicated zones to house a 200-acre AI City, a Pharma Hub, a Sports City, and a Clean Energy Innovation Zone, making it a global hub for technology, industry, and sustainable development,” he said.
Power sector
“Though Telangana’s peak electricity demand reached 16,918 MW, we were able to provide uninterrupted power supply to the people. We introduced Clean & Green Energy Policy for 2025 to accelerate the shift toward renewable and eco-friendly power generation.”
Under this policy, the State targets to generate an additional 20,000 MW of renewable energy by 2030 and expand it to 40,000 MW by 2035.
Singareni Collieries Company Ltd (SCCL) and the Telangana Renewable Energy Development Corporation (TREDCO) are jointly working on pioneering geothermal energy-based power generation.
The Finance Minister allocated ₹11,500 crore as subsidies to power generation companies to ensure uninterrupted free electricity for farmers, and another ₹3,000 crore for the free power scheme to 50 lakh households (for consumption up to 200 units) and government schools.”
Opposition slams Budget
Bharat Rashtra Samithi (BRS) Working President KTR has slammed the budget, calling it a complete betrayal of Telangana’s people who are left with ‘zero gains’.
He described the Budget as a mirror reflecting Chief Minister Revanth Reddy’s inefficiency, incompetence, and administrative failure, accusing the government of drowning the hopes of four crore people who trusted and voted for them.
KTR pointed out that the much-hyped six guarantees, promised within 100 days, have been reduced to nothing.
“While the BRS government borrowed ₹4.17 lakh crore over 10 years, Congress amassed ₹1.6 lakh crore in just one year, with no new projects or schemes to justify it. KTR mocked their “trillion-dollar economy” claim, saying the State would land in a $1 trillion debt.