Telangana Finance Minister T Harish Rao presented a tax-free budget of Rs. 2,90,396 crore for the financial year 2023-24 in the state Legislative Assembly.

• The budget allotted is Rs. 34,000 crore more than the Rs.2.56 lakh crore outlay proposed in the previous budget.
• Rao proposed a revenue expenditure of Rs. 2,11,685 crore and a capital expenditure of Rs. 37,525 crore.
• Major chunk was allocated to farming sector. While Rs.26,885 crore was allocated for irrigation, Rs.26,831 crore was allocated for agriculture.
• Continuing its focus on farming, the state government allocated Rs. 6,385 crore towards a crop loan waiver scheme of up to Rs.1 lakh to each farmer, Rs.15,075 crore towards Rythu Bandhu (payment of Rs.10,000 per acre to each of around 64 lakh farmers every year) and Rs.1,589 crore towards Rythu Bima (paying Rs.5 lakh each to the families of farmers who die in distress).