Amaravati: The NDA government in Andhra Pradesh presented a budget of Rs 2.94 lakh crore for the financial year 2024-2025 in the State Legislative Assembly on Monday.
Finance Minister Payyavula Keshav presented the first full budget of the TDP-led NDA government which came to power in AP in the 2024 general elections. The revenue expenditure is put at Rs 2.34 lakh crore and the capital expenditure at Rs 32,712 crores. The revenue deficit will be Rs 34,743 crore and the fiscal deficit Rs 68,743 crores, the minister said, adding that the fiscal deficit is 4.19 percent in the state's Gross State Domestic Product and the revenue deficit is 2.12 percent.
Finance Minister Keshav said that their government was determined to put back on the track the financial chariot of the state that has sunk into the abyss due to the anarchy of the previous YSRCP government. He said that the State was on the brink of collapse financially by the time the previous government lost its power in the elections.
The allocations for the respective departments are Rs 18,421 crore for Healthcare and Family Welfare, Rs 16,739 crore for Panchayat Raj and Rural Development, Rs 29,909 crore for School Education, Rs 11,490 crore for Municipal Administration & Urban Development, Rs 16,705 crore for Water Resources, Rs 18,497 crore for SC Welfare, Rs 7,557 crore for ST Welfare, Rs 39,007 crore for BC Welfare and Rs 4,376 crore for Minorities Welfare. The allocations for other departments are Rs 8,207 crore for Energy and Rs 9,554 crore for Transport, Roads and Buildings, Rs 3,127 crore for Industry and Rs 687 crores for Environment and Forestry.
The finance minister asserted that the alliance government of TDP, Janasena and BJP will make consistent efforts to root out poverty and uplift the marginalised sections in the state.
Minister Keshav said that Rs 8,495 crore have been allocated to the police department giving priority to the maintenance of law and order in the state. He concluded the budget speech by saying that all the promises of the coalition government in the state will be fulfilled and the debt of the people who have given overwhelming victory in the elections will be paid.
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