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Highlights of Andhra Pradesh Budget 2017-18

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Andhra Pradesh Finance Minister Yanamala Ramakrishnudu on Wednesday presented the Budget for 2017-18 in the Assembly.  He told State’s Economy is badly hit with Demonetisation & Shifting of Administration to AP Capital in fiscal 2016-17. He predicts negative impact of GST on the economy for a short term from July 1st this year. Yanamala has put an end to the old tradition of Plan & Non-Plan Expenditures in the Budget. Instead, He opted for a structural reform with Revenue & Capital Expenditures by claiming it’s the best practice followed Globally.

AP Budget 2017 Highlights

AP Budget 2017-18: Rs 1,56,999 crore.

The Budget allocation has been increased by 15.70 percent when compared to last year.

  • Revenue Expenditure: Rs 1,25,911 crore
  • Capital Expenditure: Rs 31,087 crore
  • Principal Repayment of Public Debt: Rs 8,009 crore
  • Revenue Collected in the form of Taxes: Rs 82,855 crore
  • Revenue Deficit: Rs 416 crore
  • Fiscal Deficit: Rs 23,054 crore

Inclusion of Gender Budget: The main objective behind it is to prevent discrimination against women and girl, when it comes to security, human rights and development.

AP  Budget 2017-18 Allocations:

  • Rs 20,384 crore for General Education & Rs 765 crore for Technical Education
  • Rs 19,565 crore for Rural Development
  • Rs 17,073 crore for Women and Child Welfare
  • Rs 12,770 crore for Irrigation & Disaster Management
  • Rs 11,361 crore for Welfare Programmes
  • Rs 9,090 crore Agriculture & allied Sectors
  • Rs 7,020 crore for Health Care
  • Rs 5,207 crore for Urban Development
  • Rs 4,813 crore for Tourism
  • Rs 4,316 crore for Pensions
  • Rs 4,274 crore for Power
  • Rs 4,041 crore for Roads & Buildings
  • Rs 3,946 crore for Transport
  • Rs 3,600 crore for Farm Loan Waiver
  • Rs 3,528 crore for SC,ST Sub-Plan
  • Rs 3,300 crore for Power Subsidy to Poor
  • Rs 2,800 crore for Civil Supplies
  • Rs 2,085 crore for Industries
  • Rs 1,600 crore for DWAKRA Sanghams
  • Rs 1,500 for Shadi Khana
  • Rs 1,456 crore for Housing
  • Rs 1,061 core for AP Capital development
  • Rs 1,005 crore for Sports
  • Rs 1,000 crore for Kapu Corporation
  • Rs 1,000 crore for NTR Arogya Shri
  • Rs 500 crore towards Monthly Allowance for Unemployed Youth
  • Rs 450 crore for development of Vizag-Kakinada-Tirupati
  • Rs 364 crore for Information Technology
  • Rs 350 crore for LPG Connections
  • Rs 282 crore for Fishermen
  • Rs 262 crore for roads in Rural Areas
  • Rs 200 crore for Anna Canteens
  • Rs 100 crore each for NTR Sujala Sravanthi & NTR Vydhya Seva
  • Rs 90 crore for Physically Challenged
  • Rs 78 crore for Cultural Department
  • Rs 75 crore for Brahmin Corporation
  • Rs 35 crore for Christian Corporation

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