No hike in AP budget estimate of Rs 2.24 lakh crore this FY

By Newsmeter Network  Published on  16 Jun 2020 3:15 PM GMT
No hike in AP budget estimate of Rs 2.24 lakh crore this FY

Vijayawada: Andhra Pradesh finance minister Buggana Rajendranath Reddy on Tuesday introduced the budget for 2020-21 financial year in the state Assembly with an estimate of Rs 2,24,789.18 crore. The revenue expenditure was pegged at Rs 1,80,392.65 crore and capital expenditure at Rs 44,396.54 crore respectively.

There is no hike in the budget this year. However, the budgetary allocations to some schemes and departments have been deducted. The total expenditure of the state for 2019-20 fiscal year stood at Rs 1.5 lakh crore and the revenue stood at Rs 1.55 lakh crore.

Budget in a nutshell

Total budget – Rs 2,24,789.18 crore

Revenue – Rs 1,80,392.65 crore

Capital expenditure – Rs 44,396.54 crore

Agriculture sector – Rs 11,891 crore

YSR Rythu Bharosa – Rs 3,615 crore

Interest-free loans – Rs 1,100 crore

BC welfare – Rs 23,406 crore

Minorities welfare – Rs 1,998 crore

ST welfare – Rs 1,840 crore

SC welfare – Rs 7,525 crore

Kapu welfare – Rs 2,845 crore

Arogya Sri – Rs 2,100 crore

Ration rice – Rs 3,000 crore

Dwakra unions – Rs 975 crore

YSR Gruha Vasati – Rs 3,000 crore

YSR Asara – Rs 6,300 crore

YSR Pension Kanuka – Rs 16,000 crore

YSR Kapu Nestham – Rs 350 crore

YSR Vahana Mitra – Rs 275 crore

Amma Vodi – Rs 6,000 crore

Jaganna Vidya Deewana – Rs 3,009 crore

Jaganna Vasati Deewana – Rs 2,000 crore

Jaganna Chedodu – Rs 247 crore

Education sector – Rs 22,604 crore

Health sector – Rs 11,419 crore

Rs 11,805 allocated for irrigation and water resources

Rs 2,050.22 crore - minority welfare

Rs 25,331.30 crore - BC welfare

Rs 15,735 - SC welfare

YSR Aasara Rs 6,300 crore

Energy sector Rs 6,984 crore

Andhra Pradesh Governor Biswabhusan Harichandan, in his address to both the Houses of the state legislature, said that the many measures were taken by the AP government to reduce mortality rate, a low positivity rate and a much higher recovery rate in connection with Covid-19, than most of the states.

On the three-capital concept in the state, the Governor said that the legal process of three capitals is under process and that the AP government will develop executive capital at Vishakapatnam, legislative capital at Amaravati and judicial capital at Kurnool. We are committed to three capitals. Our government fulfilled 40 promises which are not in the manifesto, he added.

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