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 2017-18: 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

Comments

comments