Telangana’s revenue receipts below expectations in fiscal 2025-26, borrowings take major share

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Telangana’s gross  receipts was ₹38,000 crore little  than fund  estimates during 2025-26 fiscal  year.

Telangana’s gross receipts was ₹38,000 crore little than fund estimates during 2025-26 fiscal year. | Photo Credit: M VENKAT RAO

Telangana’s full gross receipts successful the erstwhile fiscal twelvemonth 2025-26 remained beneath expectations with the State reporting ₹2.6 lakh crore receipts, against estimation of ₹2.84 lakh crore, with a large chunk constituted by borrowings and different liabilities of ₹77,762 crore.

The State could execute gross receipts to the tune of ₹1.81 lakh crore, ₹38,000 crore little than ₹2.29 lakh crore of the fund estimates during 2025-26. The Capital receipts successful the signifier of borrowings and different liabilities were ₹78,197 crore, which is importantly higher than the estimated ₹55,116 crore. The superior receipts included borrowings of ₹77,7762 crore.

But for State’s stock of national taxes astatine ₹21,080 crore, 99.46% of ₹21,195 crore of fund estimates, accruals from different sources including GST, Stamps & Registration, Sales Tax and different taxes and duties remained little than 90% astatine the extremity of the fiscal.

Tax gross during the fiscal twelvemonth was ₹1.52 lakh crore, 87.72% of the ₹1.75 lakh crore of the fund estimates. Of this, gross done GST was ₹52,375 crore (₹59,704 crore BE), Stamps & Registrations was ₹15,251 crore (₹19,087 crore BE) and State Excise Duties ₹23,359 crore (₹27,623 crore BE).

Revenue done Grants-in-Aid and contributions remained beneath par astatine ₹10,422 crore, 45.75% of the ₹22,782 crore projected successful the fund estimates. Interestingly, non-tax gross which remained sluggish for 11 months astatine ₹9,105 crore grew to ₹18,986 crore with ₹9,881 crore collected successful March alone.

Expenditure

On the expenditure side, involvement payments — mostly owed to the loans raised by the erstwhile authorities — mounted to ₹29,679 crore astatine the extremity of March. This was 153% of ₹19,369 crore projected successful the fund estimates portion expenditure connected pensions excessively was connected the higher broadside astatine ₹19,371 crore, 147% of ₹13,109 crore of the fund estimates.

Expenditure connected salaries

Expenditure connected salaries/wages has been different resistance connected the finances astatine ₹47,400 crore, 106% of ₹44,478 crore of the fund estimates. The emergence assumes value arsenic the State Government is yet to wide adjacent to 5 instalments of the dearness allowance (DA) pending and the persistent request for implementation of the Pay Revision Commission (PRC) recommendations from the employees.

Revenue deficit

Overall, the twelvemonth ended with a gross shortage of ₹9,235 crore against ₹2,738 crore surplus projected successful the fund estimates and the fiscal shortage which was made bully done borrowings was ₹77,762 crore against ₹54,009 crore estimated. The superior shortage astatine the extremity of the fiscal stood astatine ₹48,082 crore, 138% of ₹34,640 crore estimated for the year.

Published - May 14, 2026 06:03 p.m. IST

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