Andhra Pradesh State Budget 2017-2018 Presented by Yanamala Rama Krishudu | Highlights

AP Budget: Andhra Pradesh State Government Finance Minister Yanamala Ramakrishnudu on Wednesday, 15th March 2017 presented the State Annual Budget for the year 2017-2018. The total size of the budget is secured at Rs 1,56,999.40 crore, out of which revenue expenditure will be Rs 1,25,911.62 crore and capital expenditure will be Rs 31,087 crore. This time our state budget mainly focuses on education and rural development. Here is the main thing to youth, with many compromises and future vision 2023 at AP CM N. Chandrababu Naidu government keeps their promises for giving place to unemployment compensation.

Andhra Pradesh Budget 2017-2018

comprising revenue expenditure of Rs 1.26 lakh crore and capital expenditure of Rs 31,087.

Andhra Pradesh Budget 2017-18

The estimated revenue deficit is around Rs416 crore and the economic deficit is predicted at around Rs23,054 crore. The government has allocated Rs1,061 crore for the development of the new state capital Amaravati.

The 2017-2018 budget is stated as balance among the welfare and development and even funds are also catered for un-employed youth, as well as attractive share for the irrigation projects. AP Finance Minister Yanamal Ramakrishnudu stated while presenting the budget, that the state economy has faced severe stress with demonetisation and also with the shifting of the capital.

Watch AP 2017-2018 Budget Online, Source from TV9

AP Budget 2017-2018 Highlights

Rs 1.56 lakh crores: Total Budget

Rs 1.25 lakh crores: Revenue Expenditure

Rs 31,087 crores: Capital Expenditure

Rs 398 crores: Skill Development scheme

Agriculture budget to increase by 7.73 %.

Rs 4,183 crore: Funds allocated for Andhra Pradesh pollution control board

Distribution of Solar pump sets to farmers at subsidized prices.

Rs 383 crore: Funds allocated – Forest department

Rs 382 crore : IT and Electronic

Rs 92 crore: Funds allocated – Ambedkar memorial Park in capital Amaravati

Rs 40,000: Christians who are willing to visit Jerusalem

Rs 4376 crore: Pensions

Rs 350 crore: Free LPG connection for poor

Rs 400 crore: Women Empowerment

Rs 500 crore: Unemployment Honararium

Rs 97 crore: Brahmin Welfare

Rs 20,384 crore: Education sector

Rs 89 crore: Welfare of disabled

Rs 1,000 crore: NTR Vaidya Seva

Rs 100 crore: Anna canteens

Rs 260 crore: Development of Village Roads

Rs 100 crore: Safe drinking water project NTR Sujala Sravanthi

Rs 3600 crore: Agriculture loan waiver, Rs 1,600 crore: SHG loan investment

Rs 150 crore: Smart cities: Rs 450 crore, other smart cities

Rs 8790 crore: Agriculture sector

Rs 125 crore: Small and medium scale industries

Rs 3,528 crore: ST component fund

Rs 400 crore: Women finance corporation:.

Power subsidy for poor increased from 50 to 75 units.

Rs 1,25,911 crore: Revenue deficit (the highest for any state)

Rs 1,061 crore: Capital region development authority, Rs 195 crores: SAAP

Rs 500 crore: Unemployment allowance gets

Rs 97 crore: Ambedkar Smritivanam in Amaravati gets

Opposition YSR Congress Party president, YS Jagan Mohan Reddy speaking to reporters, he said “when the GDP all over the world is struggling to grow beyond 3.5 percent, and the national GDP is just 7.1 percent, how come the state could achieve 11.61 growth in the year as claimed by the government. The Discoms are in huge losses, but the government is claiming that it was doing excellent in power sector and got five awards.”

Finance Minister Y. Ramakrishnudu on 15th March 2017 presented the 2017-18 state Budget in the AP State Assembly. New Legislative Assembly and Legislative Council building located at Velagapudi in Guntur District. The building is in the Interim Secretariat Complex.

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