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.
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.
- Official Finance Department Portal Government of Andhra Pradesh
- Review of the Budget
- AP Govt Websites
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.
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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.