The 2023-24 financial year has marked Telangana‘s lowest annual increase in State revenue in the last four years. The State recorded an increase of just Rs 9,740 crore compared to the previous fiscal.
This is against the increase in revenue by Rs 27,566 crore in 2021-22 and by Rs 31,881 crore in 2022-23. Despite a significant rise in revenue receipts, Telangana has also missed its annual revenue target by nearly 22 per cent for 2023-24.
The State recorded revenue receipts of Rs 1.69 lakh crore, falling short of the Rs 2.16 lakh crore target. This comes despite the Rs 9,740 crore increase over the previous fiscal year’s revenue of Rs 1.59 lakh crore against that year’s estimated target of Rs 1.93 lakh crore.