Finance Minister Buggana Rajendranath presented the budget in the Andhra Pradesh Assembly on Thursday morning. This year the YCP government introduced a huge budget of Rs.2,79,279 crores.
Finance Minister is explaining the allocations made for various departments and welfare schemes in this budget.
Finance Minister Buggana Rajendranath Reddy stated that allocations have been made for Andhra Pradesh budget for the year 2023-24 based on the four main elements required for progress. Buggana Rajendranath said that sustainable development, responsiveness, accountability, and transparency will lead to good governance with the equal opportunities. Buggana Rajendranath reminded that his party’s manifesto itself has been prepared according to those principles. That is why it is the number one state in the country with stable development, he said.
Budget Abbreviation
Total Budget- Rs. 2 lakh 79 thousand 279 crores
Revenue deficit- Rs. 22,316 crores
Revenue Expenditure- Rs. 2,28,540 crores
Capital Expenditure- Rs. 31,061 crores
Fiscal deficit – Rs. 54,587 crores
Revenue deficit in GSDP is 3.77 percent
Fiscal deficit in GSDP is 1.54 percent
After introducing the budget, Finance Minister Buggana gave a speech on the budget. The minister explained that the budget has been designed with the aim of welfare and comprehensive development of the people of the state.