In a recent board meeting chaired by TTD chairman B Karunakara Reddy, the Trust Board of Tirumala Tirupati Devasthanams has greenlit a budget estimate of Rs 5,142 crore for the fiscal year 2024-25. This modest increase from the previous year’s budget of Rs 5,123 crore reflects the ongoing commitment to the maintenance and enhancement of the revered Sri Venkateswara temple in Tirupati.
Financial Highlights:
Devotees’ offerings, known as hundi kanuka, continue to be the primary revenue source, remaining steady at Rs 1,611 crore. Interest receipts have seen a rise of Rs 100 crore, reaching Rs 1,167 crore, while prasadams receipts have increased to Rs 600 crore from Rs 550 crore.
With an opening cash and bank balance of Rs 347 crore, the temple has allocated funds for various purposes. Darshanam receipts stand at Rs 338 crore, loans and advances to employees, security deposits, and others at Rs 246 crore, and other capital receipts at Rs 129 crore.
Fund Utilisation:
Significant allocations include Rs 1,733 crore for salaries, Rs 751 crore for material purchases, and equal amounts for corpus and other investments. Engineering capital works receive Rs 350 crore, engineering maintenance works Rs 190 crore, grants to other institutions Rs 113.5 crore, HDPP and allied project payments Rs 108.5 crore, and loans and advances to employees, security deposits, and others Rs 167 crore. Additionally, there is a contribution of Rs 100 crore to the pension and Employee Health Scheme fund.
State Contribution:
TTD’s contribution to the Andhra Pradesh state government for the year 2024-25 remains consistent with the previous year, standing at Rs 50 crore.
This approved budget showcases the TTD’s continued commitment to the temple’s upkeep and the spiritual welfare of its devotees.
