In a bold fiscal statement, Telangana’s Finance Minister Mallu Bhatti Vikramarka, also the Deputy CM, tabled a ₹3.24 lakh crore budget for 2026-27 in the state assembly. This third comprehensive budget by the Congress government underscores a commitment to inclusive and high-speed development amid economic headwinds.
Total proposed spending reaches ₹3,24,234 crore, with revenue expenditure at ₹2,34,406 crore and capital investments at ₹47,267 crore. Vikramarka noted this represents an uptick from the ₹3.04 lakh crore allocated last year, tailored for equilibrium between growth and fiscal prudence.
Economic indicators paint a rosy picture for Telangana. The state’s GSDP expanded by 10.7% in 2025-26, surpassing India’s 8% national growth by 2.7 points, reaching ₹17,82,198 crore at current prices. This 5% slice of national GDP cements Telangana’s role as a key driver of India’s economy.
Contrasting national slowdown—from 9.8% to 8%—Telangana accelerated from 10.6% to 10.7%, proving its robust momentum. Per capita income hit ₹4,18,931, up 10.2%, dwarfing the national ₹2,19,575 (6.9% growth) by over ₹1,99,000, highlighting superior individual prosperity.
Future aspirations are grand: from a $200 billion economy in 2034 to $1 trillion, aiming for $3 trillion by 2047, backed by sector-specific initiatives. The budget channels resources into agriculture support, gender equality, job creation for youth, vocational training, public health, child nutrition, and world-class infrastructure.
Addressing legacy debts, Vikramarka slammed prior administrations for reckless borrowing. A strategic restructuring of ₹25,612 crore debt at reduced rates and extended tenures (20 to 39 years) has cut repayments from ₹34,058 crore to ₹11,915 crore over 2025-32, injecting ₹22,142 crore in liquidity to bolster financial health.