The Telangana Government has tabled a massive budget of ₹3.24 lakh crore for FY 2026-27 . The plan aims to boost both welfare and development by increasing revenue and capital outlays, while introducing a flagship insurance scheme for families. Key Developments Overall outlay rises to ₹3.24 lakh crore , a jump of over 20% from the previous year. Revenue expenditure set at ₹2.34 lakh crore and capital expenditure at ₹47,267 crore . Revenue receipts projected at ₹2.41 lakh crore , nearly 20% higher than the ₹2.03 lakh crore of FY 2025-26 . Launch of the Indiramma Family Life Insurance Scheme on 2 June 2026, providing ₹5 lakh cover to each of the 1.15 crore families . Per‑capita income recorded at ₹4,18,931 with a growth rate of 10.2% , outpacing the national average of ₹2,19,575 and 6.9% growth. The previous budget allocated over ₹56,000 crore for the Congress party’s six poll guarantees and sought ₹64,000 crore through open market loans . Important Financial Figures Capital expenditure : ₹47,267 crore Revenue expenditure : ₹2.34 lakh crore Revenue receipts: ₹2.41 lakh crore Per‑capita income (current prices): ₹4,18,931 (10.2% growth) National per‑capita income: ₹2,19,575 (6.9% growth) Policy Highlights Indiramma Family Life Insurance Scheme – universal life cover of ₹5 lakh for each family, aimed at social security and financial inclusion. Emphasis on infrastructure through higher capital expenditure , signalling a tilt towards development. Targeted increase in per‑capita income to sustain the state’s growth advantage over the national average. UPSC Relevance Understanding state budgets is crucial for GS III (Economy) and GS II (Polity). The figures illustrate fiscal federalism, revenue‑raising capacity, and expenditure priorities of a high‑growth state. The Indiramma scheme offers a case study in welfare‑oriented insurance policy, relevant for questions on social security and public finance. The contrast between capital and revenue outlays helps aspirants analyse development‑vs‑welfare trade‑offs. Way Forward Analysts should monitor the implementation of the Indiramma scheme and the actual disbursement of capital projects. Comparative study with other states’ budgets will aid in answering comparative federalism and fiscal management questions in the UPSC mains.