AP budget: Rs 1000 crore earmarked to fight COVID-19
The government allocated Rs 1,000 crore exclusively to fight COVID-19 pandemic.
By Newsmeter Network Published on 21 May 2021 3:43 AM GMT
Vijayawada: Andhra Pradesh government on Thursday earmarked Rs 1,000 crore in the budget to fight COVID-19 in the state.
Presenting its annual budget for 2021-22, the government pegged the estimated expenditure at Rs 2.29 lakh crore. The government has fixed the estimated revenue at Rs 1.77 lakh crore. The revenue deficit has been pegged at Rs 5,000 crore and fiscal deficit at Rs 37,029 crore.
The government allocated Rs 1,000 crore exclusively to fight COVID-19 pandemic. Plus Rs 11,210 crore was allocated for agriculture, Rs 24,624.22 crore for education, and Rs 1000 crore for industry.
An amount of Rs 47,283.21 crore has been proposed for women upliftment and Rs 16,748.47 crore for children's welfare. Andhra Pradesh government increased the budgetary allocations of every sector by 10 percent.
Finance Minister Buggana Rajendranath presented the Budget in the state Legislative Assembly on Thursday after Governor Biswabhusan Harichandan's customary address to a joint sitting of the legislature.
Rajendranath said that the state's public debt will mount to Rs 3,87,125 crore in 2021-22 from Rs 3,55,874 crore as the government targeted to borrow Rs 50,525 crore afresh. The state will spend a staggering Rs 23,205.88 crore this year towards debt servicing alone.
The government has earmarked a whopping Rs 48,083.92 crore for 22 freebie schemes this year.
Three of these schemes that would cost Rs 16,899 crore would be implemented through the State Development Corporation.
The Finance Minister incorporated a 'gender budget' as well as 'child budget' this year with an outlay of Rs 47,283 crore and Rs 16,748 crore respectively.
The gender budget has further been divided into two components, one of which has an outlay of Rs 23,463 crore to fully cover schemes targeted for women and girls.
