AP Govt. Presents Budget Of Rs. 2.94 Lakh Crores For 2024-25
Amravati/Hyderabad, Nov 11 (Maxim News): The Andhra Pradesh government on Monday presented a Budget of Rs. 2.94 lakh crore for the year 2024-25, with Finance Minister Payyavula Keshav asserting that it was aimed at “restarting the financial wheels of the State.”
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Presenting the Budget in the Assembly, he said the estimated revenue deficit is around Rs. 34,743.38 crores (2.12 percent of the GSDP), and the fiscal deficit is estimated at around Rs. 68,742.65 crores (4.19 percent of the GSDP) for the financial year.
“The Budget proposals which I am presenting today (Monday) were made by keeping the State’s financial position in consideration and to revive the (State) financially by creating wealth. This is aimed at restarting the financial wheels of the State,” said Keshav.
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The State government presented a Budget of Rs. 2,94,427.25 crore for FY 25 with a revenue expenditure estimated at Rs. 2,35,916.99 crore and capital expenditure at Rs. 32,712.84 crore.
The Budget allotted Rs. 16,739 crores for Panchayat Raj and Rural Development for FY 25, a portfolio held by Deputy Chief Minister Pawan Kalyan.
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A total of Rs. 29,909 crore for school education and Rs. 18,421 crore for healthcare and family welfare were allotted in the 2024-25 budget.
Attacking the earlier YSRCP government, Keshav said by the time the previous regime was out of power, the State’s financial position was on the verge of collapse. Opposition YSRCP boycotted the session. (Maxim News)
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