Millennium Post

Telangana govt to spend Rs 6 lakh cr in 5 years: CM

Telangana government plans to spend over Rs 6 lakh crore towards plan and non-plan expenditure in the next five years, Telangana Chief Minister K Chandrasekhar Rao said here on Tuesday.

Replying to a ‘Motion of Thanks’ on the Governor’s address in the Telangana Assembly, Rao said that his government is committed to the welfare of the people and would spend Rs 25,000 crore on various welfare schemes every year.

“Considering the growth rate of Telangana state, Fiscal Responsibility and Budget Management (FBRM) and other parameters, the Telangana Government will spend Rs 6,00,000 crore in the next five years. As much as 3.75 lakh crore will be spent on non-plan expenditure and Rs 2.25 lakh crore would for plan expenditure,” Rao told the Telangana Assembly.

He said that he would seek the co-operation of all members in taking the state towards progress. The proposal to sell government lands in Hyderabad to generate revenue has been put on hold, since market conditions are not conducive, he said, adding that the proposal may be taken up as and when the market recovers.
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