Hyderabad: Considering the Rs 1.15 lakh crore Budget of the TS government, the first quarter should have seen a spending of Rs 28,992 crore. However, the state government’s total revenues itself were Rs 17,000 crore.
Of the Rs 17,000 crore, Rs 10,600 crore was realised through the state’s own tax and non-tax avenues, Rs 2,700 crore through its share in Central taxes and the remaining Rs 3,700 crore were borrowed.
“The government had estimated revenues of Rs 13,500 crore through the sale of lands and regularisation scheme. However, it could not sell any land due to the slowdown in the realty sector. Besides, the scheme for regularisation of government lands announced in January fetched only Rs 200 crore. With this, the government had to depend entirely on its tax and non-tax revenues besides loans.. No grants were received from the Centre except for Rs 500 crore CST arrears,” said an official of finance department.
With the tight financial condition, the government has stopped paying its bills except making emergency payments like salaries in July. The government could release the second instalment of Rs 2,450 crore towards crop loan waiver with much difficulty last week by stopping all other bills.
