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Andhra Pradesh Presents Around 1.57 Lakh Crore Budget for 2017-18

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The Andhra Pradesh Finance Minister Yanamala Ramakrishnudu presented Rs 1,56,999 crore budget for the financial year 2017-18 in the Legislative Assembly on March 15, 2017.The proposed budget for 2017-18 is about 15.70 percent more than the budget for 2016-17.

  • The major share of the fund has been allocated towards education, rural development, and assistance to unemployed youth. Besides, state has also included gender budget this year.
  • The objective of the gender budget is to save women and girls from discrimination and neglect in matters of development, progress, security and human rights.
  • The budget has abolished the plan and non-plan components and allocation has been made under the revenue expenditure and capital expenditure heads.

Important Highlights of the Budget

  1. Revenue expenditure: Rs 1.25 lakh crore
  2. Capital expenditure: Rs 31,087 crore
  3. State’s revenue deficit in 2017-18: Rs 416 crore (0.05 per cent of Gross State Domestic Product)
  4. Fiscal deficit: Rs 23,054 crore (3.0 percent of GSDP)
  5. Under Vision 2029, the state is targeting a growth rate of 12 percent every year.

Important Allocations

  • General Education: Rs 20,384 crore
  • Technical Education: Rs 765 crore
  • Assistance for Unemployed Youth: Rs 500 crore
  • Rural Development: Rs 19,565 croreAndhra Pradesh
  • Irrigation and flood control: Rs 12,770 crore
  • Agriculture and allied sectors: Rs 9,090 crore
  • Welfare Sector (Brahmin, Disabled): Rs 11,361 crore
  • Health Sector: Rs 7,020 crore
  • Forest Department: Rs 383 crore
  • IT and Electronice: Rs 382 crore
  • Small and medium scale industries: Rs 125 crore
  • Women Empowerment: Rs 400 crore
  • Funds allocated for Andhra Pradesh pollution control board: Rs 4,183 crore
  • Pensions: Rs 4376 crore
  • Development of Village Roads: Rs 260 crore

Allocations in Schemes & Projects

  • Skill Development scheme: Rs 398 crores.
  • Safe drinking water project NTR Sujala Sravanthi: Rs 100 crore.
  • NTR Vaidya Seva: Rs 1,000 crore.
  • Anna canteens: Rs 100 crore.
  • Free LPG connection for poor: Rs 350 crore.
  • Ambedkar Smritivanam in Amaravati: Rs 97 crore.
  • Agriculture loan waiver Rs 3600 crore, SHG loan investment: Rs 1,600 crore
  • Ambedkar memorial Park in capital Amaravati: Rs 92 crore.
  • Power subsidy for poor increased from 50 to 75 units
  • Development of the new state capital, Amaravati: Rs 1,061 crore