Finance minister K Rosaiah would present a tax-free budget in the 13th Legislative Assembly here on Friday. Despite being cash-strapped, the government is unlikely to levy any new taxes but will disappoint all departments as their allocations would be much less than what they had demanded.
The budget size is likely to be Rs 98,000 crore of which Rs 41,000 will be planned expenditure and Rs 63,252 under non-plan expenditure. The deficit is likely to be over Rs 14,000 crore. Irrigation would continue to get the lion’s share of the budget which is expected to be around Rs 16,000-Rs 18,000 crore followed by other flagship projects like housing and pension scheme.
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