Andhra Pradesh Budget In Brief 2018-2019
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As expected, the AP State budget for the upcoming fiscal year was released today by the Finance Minister Yanamala Rama Krishnudu. He has handed over the Budget to the AP CM Chandrababu Naidu.Some key notes from the budget are as below.Like speculated, the total budget went close to 2 lakh crores. The budget for 2018 fiscal year stands at 1,91,063 crores.
It was divided into three main shares. The total expenditure of Revenue estimated up to Rs 1,50,270 crores. The Capital Cost amounted Rs 28,678,49 crores. So the remaining amount Rs 24,205 crores exist as Revenue Deficit.Compared to the last fiscal year budget, this year’s budget has seen an increment of almost 22% indicating that the Government is targeting votes with this hike.
Among all the allocated Government sectors, the TDP Government mainly focussed on the Educational Sector by giving a lion’s share of almost Rs 24,185 crores which is a lot. After that, it concentrated on the Agriculture Sector to stop farmer suicides by allocating Rs 12,382 crores.Hiking funds for Polavaram with Rs 9000 crores and Irrigation Sectors to Rs 16,000 crores stood as a highlight.
The TDP Government in order to woo the backward castes has given a huge sum of 4477 crores and gave 12,200 crores exclusively for the BC to pacify BC reservation movement.Looking at these excerpts, we can come to a conclusion that the AP Government estimated the Budget keeping the elections in mind without any second thought.