4 months ago
1
Telangana has opted for merchantability of its lands and spot arsenic 1 of the gross procreation methods to conscionable its contiguous fiscal requirements during betwixt 2014-15 and 2023-24, the play erstwhile the Bharat Rashtra Samiti (BRS) was successful power.
The decadal reappraisal of the States’ finances by the Comptroller and Auditor General of India (CAG) said Telangana received ₹16,478 crore from the merchantability of onshore and spot and miscellaneous different receipts. The proceeds from merchantability of lands constituted 69% of the State’s Non-Tax Revenue (SNTR) receipts during the period.
What are Non-Tax Revenue Receipts?
It is the gross a State generates done merchantability of its properties, interests connected loans, royalties from minerals and others.
Mineral royalties represent 23% of 10 years SNTR
The State performed good successful presumption of receipts from mineral royalties arsenic it received ₹12,795 crore, constituting 23% of the SNTR during the period. The State stood adjacent lone to Chhattisgarh and Jharkhand — 2 mineral affluent States successful receiving higher SNTR done mineral royalties.
Interest expenditure much than pensionary expenditure
The State, according to the report, is among those which accounted for salaries and involvement outgo arsenic ample components of committed expenditure. The State on with 10 different States including Andhra Pradesh, Karnataka, Maharashtra and Madhya Pradesh registered involvement expenditure higher than the pensionary expenditure during the period.
In fiscal twelvemonth 2023-24, expenditure connected pension was ₹16,841 crore overmuch higher than ₹13,024 crore of the fund estimates and the aforesaid was the lawsuit with 2022-23 erstwhile expenditure connected relationship of pension outgo was ₹15,816 crore against the budgeted ₹11,384 crore. The situation, the CAG said, indicated comparatively higher debt servicing requirements arsenic Telangana was 1 of the 11 States which spent much than 10% of their full expenditure connected involvement payment.
Telangana, however, performed good registering the lowest summation of 143% successful presumption of loans and advances from the Central Government lesser than West Bengal (169%) and Andhra Pradesh (196%) which are among States to grounds comparatively little summation of advances and loans from Centre during the decadal period.
