On March 11, 2022, the Finance Minister (FM) of Andhra Pradesh (AP), Buggana Rajendranath, presented AP’s Budget for 2022-23 with a proposed expenditure of Rs 2.56 lakh crore and a projected revenue deficit of Rs 17,036 crore.
- After that, Kurasala Kannababu, AP’s Agriculture Minister presented the State’s Agriculture Budget for 2022-23 with an outlay of Rs 43,052.78 crore.
Financial Parameters:
i.The projected revenue deficit is Rs 17,036 crore i.e. 1.27% of GSDP (Gross State Domestic Product)
ii.The fiscal deficit in FY23 is expected to be Rs 48,724 crore i.e. 3.64% of the GSDP.
iii.The total public debt of the state is projected to increase up to Rs 4,39,394.35 crore in 2022-23.
iv.A sum of Rs 21,805 crore has been earmarked for debt servicing in FY23.
Highlights:
i.Welfare and Education: Top priority was given to welfare with an allocation of Rs 45,955 crores; and Rs 30,077 crore earmarked for education.
- School education is allocated Rs 27,706.66 crore, which is 12.52 per cent higher than the previous year’s.
- Amma Vodi, a financial incentive scheme for mothers sending their children to schools, was allocated Rs 6,500 crore.
- Rs 3,500 crore is allocated for Mana Badi Nadu Nedu, the school infrastructure improvement programme.
ii.Economical & Social Services: Rs 69,306.74 crore for economical services which are 27.05% of the total outlay of the budget, while Rs 1,13,340.20 crore is for social services which is 44.23% of the entire budget.
- The rest for general services.
iii.Children and Gender Budget: This section was allocated Rs 4,322.86 crore
- Rs 18,518 crore is given for the SC sub-plan, Rs 6,145 crore for ST sub-plan, Rs 29,143 crore for BC sub-plan, Rs 3,661 crore for welfare of minorities and Rs 3,537 crore for Kapu community welfare.
iv.The government has proposed creation of Rs 350 crore Special Development Package Fund, placing Rs 2 crore at the disposal of each MLA (Member of Legislative Assembly).
- The Fund is for implementing socio-economic development programmes at the constituency level to maximise welfare in line with the local needs and preferences.
Other Key Allocations:
-Health: Rs 15,384.26 crore.
-Pedalandariki Illu (housing for all): Rs 4,791.69 crore
-DBT (Direct Benefit Transfer) Schemes: Rs 48,802.71 crores
-Urban development: Rs 8,796 crore
-Social Security: Rs 4,331.85 crore
Amma Vodi scheme: Rs 6,500 crore
-Incentives for Industrial Promotion for Micro Small and Medium Enterprises (MSMEs): Rs 450 crore
-Jal Jeevan Mission (JJM)/National Rural Drinking Water Mission: Rs 1,149.93 Crore
-Swachh Bharat Mission (SBM)-Gramin: Rs 500 Crore
-Power subsidy- Rs 5,000 crore
-Linking MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme) to agriculture: Rs 8,328 crore
Recent Related News:
An agreement on Technical Cooperation Project has been inked by AP Government with the United Nations Food and Agriculture Organisation (UN-FAO) and Indian Council of Agricultural Research (ICAR) to help the state farmers in adopting a sustainable agriculture food system.
About Andhra Pradesh (AP):
Chief Minister (CM)– Yeduguri Sandinti Jagan Mohan Reddy
Tiger Reserve– Nagarjuna Sagar Srisailam Tiger Reserve
Zoological Parks– Sri Venkateswara Zoological Park, Indira Gandhi Zoological Park.
