Andhra Pradesh Budget 2018 To Cross Rs 2 Lakh Crores
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The (residual) Andhra Pradesh 2018 – 2019 State budget will be crossing the Rs 2 Lakh crores for the first time. After the bifurcation, the State Finance Minister, Yanamala Ramakrishnudu proposed a Rs 1.11 Lakh crore budget for the fiscal year 2014 – 2015. From then onwards, the budget for each fiscal year has been on the uptrend and is now crossing the Rs 2 Lakh crore mark in the fourth year.
Given the speculations that the next AP Assembly elections will be held during December 2018 – January 2019, ahead of its general schedule (May 2019), this might probably be the last state budget.
Close sources confirmed that the TDP government is likely to allocate surplus funds to Employment Schemes, various Pensions, Irrigation Projects, and social welfare programs. Strategically, the government is likely to pay a monthly amount for the unemployed youth. This is also one of the key points in TDP’s 2014 manifesto.
At the same time, the government is also concentrating on increasing the pensions, especially for SC, ST, BCYanamala Ramakrishnudu and other minority communities. Rs 24,000 crores are likely to be allotted for the Irrigation projects in the state. Overall, the 2018-2019 AP State Budget can be termed as an ‘Election Budget’.
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