Andhra Pradesh

TDP govt presents vote-on-account budget with a proposed expenditure of nearly ₹2,26,178 crore

Andhra Pradesh Finance Minister Yanamala Ramakrishnudu presents vote-on-account at the State Assembly on Tuesday.

Andhra Pradesh Finance Minister Yanamala Ramakrishnudu presents vote-on-account at the State Assembly on Tuesday.   | Photo Credit: Ch. Vijaya Bhaskar

Andhra Pradesh Finance Minister Yanamala Ramakrishnudu presented the vote-on-account budget for 2019-20 in the Legislative Assembly on Tuesday with a proposed expenditure of nearly ₹2,26,178 crore, estimated revenue expenditure of about ₹1,80,369 crore and capital expenditure of approximately ₹29,597 crore. The 2019-20 budget estimates entail an overall increase of around 18.38 % over the 2018-19 estimates.

The estimated revenue deficit is around ₹2,100 crore and the fiscal deficit is estimated at ₹32,391 crore. The fiscal deficit will be around 3.03 % of the Gross State Domestic Product (GSDP) whereas the revenue deficit would be around 0.20 % of the GSDP. Total liabilities of the State have increased from ₹1,48,744 crore in 2014-15 to ₹2,23,706 crore in 2017-18, which correspond to 28.33% of GSDP in 2014-15 and 27.83% of the GSDP in 2017-18.

The finance accounts for 2017-18 showed a revenue deficit of roughly ₹16,152 crore and a fiscal deficit of ₹32,373 crore for 2017-18. For 2018-19, the revised estimates of revenue expenditure stood at ₹1,58,859 crore, whereas for capital expenditure it is ₹25,021 crore. Revenue deficit for 2018-19 is estimated to be ₹2,494 crore, whereas the fiscal deficit for the same period is estimated to be ₹29,142 crore.

The expenditure on State development schemes has gone up from ₹49103 crore in 2018-19 to ₹65486 crore in 2019-20. The Scheduled Castes component went up from ₹11,229 crore to ₹14,367 crore. The ST component has gone up from ₹4176 crore to ₹5385 crore.

New schemes

A new scheme called 'Annadata Sukhibhava' with an allocation of ₹5,000 crore has been introduced. A sum of ₹500 crore has been earmarked to take up land acquisition for house sites and ₹400 crore for promotion of Micro Small and Medium Enterprises (MSMEs).

Besides, the budget contained an allocation of ₹150 crore for the proposed Drivers’ Sadhikara Samstha, ₹100 crore for creation of infrastructure in urban local bodies under the Comprehensive Infrastructure Investment Scheme and ₹50 crore for the welfare of Kshatriyas.

The Finance Department got the highest allocation of ₹46,254 crore followed by Panchayat Raj and Rural Development ₹31,209 crore, Secondary Education ₹18,524 crore, Agriculture and Marketing ₹14,585 crore and Water Resources ₹14,862 crore. The total allocation to all departments as per the revised estimates for 2018-19 was ₹1,96,949 crore and in the 2019-20 budget, it has gone up to ₹2,26,178 crore.

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Printable version | Jun 4, 2020 9:09:47 AM | https://www.thehindu.com/news/national/andhra-pradesh/tdp-govt-presents-vote-on-account-budget-with-a-proposed-expenditure-of-nearly-226178-crore/article26184112.ece

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