As per Telangana's latest Budget for the financial year 2018-19, out of the total state taxes of Rs. 73,752 Crores, the revenues from liquor sale is projected to be Rs. 21,600 Crores. Or, out of every ten rupees Telangana mops up, three rupees come from excise and VAT collected on liquor sale. During the TRS regime, the compound annual growth rate (CAGR) of revenues collected from liquor sale is 26%.
Posts tagged as “TRS”
In-depth research on Telangana Budgets and CAG audit reports show a shocking tale of under-utilization of funds allocated for various welfare schemes. This article focuses on how TRS regime failed to fulfill one of its core promise - double bedroom houses for the poor.
Telangana Budget-in-Brief report 2018-19 has errors and omissions which make it difficult to understand the finances of the state government. Such mistakes in such high priority reports presented to Legislative Assembly are totally unacceptable.
Facts first: The Budget 2018-19 of Telangana Government presents a rosy picture of growing revenue surplus. Revenue surplus is obtained by subtracting the revenue expenditure of the state from the revenue receipts (tax and non-tax revenues) of the state. The more the revenue surplus, the healthy the economy of the state. TRS Government shows rising revenue surplus through the years: Rs. 1,385 Crores in 2016-17 (Actuals), Rs. 1,545 Crores in 2017-18 (Revised Estimate) and Rs. 5,520 Crores (Budget Estimate) in 2018-19.
Accounting Fraud: However, as per CAG's (Comptroller and Auditor General) report on Telangana state finances for 2016-17, the revenue surplus of Rs. 1,386 Crores has been overstated by Rs. 6,778 Crores.