HomePoliticsAP budget is Rs 2,79,279 crores

AP budget is Rs 2,79,279 crores

AP budget is Rs 2,79,279 crores
AP budget is Rs 2,79,279 crores

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. 

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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.

 

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