Hyderabad revenue to be shared with Seemandhra

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hyderabad-cityHyderabad: The Group of Ministers looking into issues arising out of the division of the state is contemplating allocating some share of the revenue of Hyderabad city to the residual state of Seemandhra.

According to sources, the GoM is of the opinion that both the states should get equal revenue after bifurcation. This arrangement will continue as long as Hyderabad remains the joint capital.

The state’s revenue in 2012-13 was Rs 70,548.27 crore. Hyderabad city contributed the lion’s share of Rs 34,100.73 crore; Coastal Andhra and Rayalaseema put together contributed Rs 21,538.94 crore, and Telangana Rs 13,506.83 crore.

The state’s annual budget has crossed Rs 1 lakh crore. After the division, the Seemandhra budget will be around Rs 30,000 crore and Telangana state budget will be around Rs 50,000 crore.

Seemandhra leaders are worried that if they don’t get a share of Hyderabad’s revenue, Seemandhra will be struggling to even pay the salaries of government employees. But if Hyderabad city is made a Union Territory then they will get a share of its revenue.

“It is justified to share Hyderabad city’s revenue between the two states for some time. How much Seemandhra will get will be decided by the GoM,” said a senior Telangana Congress leader who met government officials in Delhi recently. “If we want to achieve something, we must compromise on some issues,” he added.

According to sources, between 30 and 40 per cent of revenue share will be given to the residuary AP state.