Telangana records 39 per cent growth in revenue receipts for first half of 2022-23

Hyderabad: Even as several States have a grim economic crisis staring at them, and despite the Centre denying its rightful share of funds, Telangana is managing to keep up the growth trajectory of its revenues. The State has registered a 39 percent growth in revenue receipts in the first half of the current financial year of 2022-23 compared to the last fiscal. The total revenue receipts of the State including tax revenue and capital receipts, are pegged at Rs 73,767 crore at the end of September, a major climb from the Rs 53,109 crore recorded during the first half of the last financial year.

As per the budget estimates for 2022-23, the State government had targeted to accrue total revenue receipts of Rs 1.93 lakh crore to meet expenses. Of this, Rs 73,767.13 crore have been realised within the first six months. Traditionally, the tax revenue receipts are more in the last three months of the financial year and considering the increased tax revenue, the officials are confident of reaching the target by the end of the financial year.