Tirupati Temple approves Rs 5,142 cr budget

The Trust Board of Tirumala Tirupati Devasthanams (TTD), the official custodian of Sri Venkateswara temple in Tirupati, has approved a budget estimate of Rs 5,142 crore for the year 2024-25. This marks a slight increase from the previous year’s budget of Rs 5,123 crore. The budget was approved in a board meeting chaired by TTD chairman B Karunakara Reddy.

According to the budget highlights shared with PTI, the largest source of funds for the world-famous temple is hundi kanuka (devotees’ offerings) at Rs 1,611 crore, which remains at the same level as the previous year. Interest receipts have increased by Rs 100 crore from the previous year, reaching Rs 1,167 crore. Prasadams receipts (consecrated food) have also increased to Rs 600 crore from Rs 550 crore.

The opening cash and bank balance for the temple is Rs 347 crore, showing a decline of Rs 180 crore compared to the budget estimates of 2023-24. Other significant sources of funds include darshanam (visit) receipts of Rs 338 crore, loans and advances to employees, security deposits, and others at Rs 246 crore, and other capital receipts at Rs 129 crore.

In terms of fund utilization, the temple body has allocated Rs 1,733 crore for salaries, Rs 751 crore for material purchases, and an equal amount for corpus and other investments. The temple body has estimated Rs 350 crore for engineering capital works and Rs 190 crore for engineering maintenance works. Other major allocations include grants to other institutions at Rs 113.5 crore, HDPP and allied project payments at Rs 108.5 crore, loans and advances to employees, security deposits, and others at Rs 167 crore, and a contribution of Rs 100 crore to the pension and Employee Health Scheme fund.

TTD’s contribution to the Andhra Pradesh state government for the year 2024-25 remains the same as the previous year at Rs 50 crore.

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Harry Byrne

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