Telangana’s H1 revenue below expectations as expenditure remains high

Telangana’s H1 revenue below expectations as expenditure remains high The State registers 38.14% of revenue receipts at the end of September month HYDERABAD The State’s revenue receipts continued to be below the expected levels at the end of the second quarter of the current financial year, with revenue receipts not reaching at least 50% in a majority of sectors, except for Sales Tax and Goods and Services Tax. On the expenditure front, however, the State reached 77.76% in terms of interest payments and 96.6% on pension payments. Against the interest payment of ₹21,304 crore budgeted for the fiscal year, the State repaid ₹16,565 crore till the end of September, with six more months to go, indicating that the interest burden will continue to weigh on the State finances. The Government spent ₹14,235 crore on pension payments, clocking in at 96.6% of the ₹14,736 crore budget estimate.