Andhra Pradesh finance minister Buggana Rajendranath has presented the Vote-On-Account Budget with an outlay of Rs2.86 lakh crore for 2024-25 in the Andhra Pradesh Assembly.

Budget

Andhra Pradesh finance minister Buggana Rajendranath has presented the Vote-On-Account Budget with an outlay of Rs2.86 lakh crore for 2024-25 in the Andhra Pradesh Assembly. Industries minister Gudivada Amarnath presented the same in the Legislative Council. Rajendranath has put the revenue expenditure at Rs 2,30,110.41 crore and the capital expenditure at Rs 30,530.18 crore. The fiscal deficit is Rs 55,817 crore while the revenue deficit was placed at Rs 24,758 crore. The fiscal deficit rate is about 3. 51 percent while revenue deficit rate is 1.56 percent of the GSDP. The Global Investor Summit held at Visakhapatnam in March 2023 resulted in the signing of 386 MoUs to bring in Rs 13,11,000 crore by way of investments. The revised estimate for revenue expenditure for FY 2023-24 is Rs 2,28,237.77 crore, whereas for capital expenditure, it is Rs 27,308.12 crore. The revenue deficit for 2023-24 is around Rs 31,534.94 crore, whereas the fiscal deficit for the same period is around Rs 60,153.59 crore, which amounts to 2.19 per cent and 4.18 per cent of the GSDP respectively.


      Rajendranth explained that a total of Rs 68,393.31 crore has been allotted under Economic Services, under which Rs 14,236.76 crore was for agriculture and allied sectors, Rs 17,816.04 crore for rural development, Rs 12,038.73 crore for irrigation and flood control.

     

     

 

     


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