Buganna Rajendranath, the Finance Minister on the 16th of June, presented the budget of Andhra Pradesh (A.P.,) for the year 2020-2021.
Buggana Rajendranath Reddy proposed an expenditure of Rs. 2,24,789.18 crores with revenue expenditure estimated at Rs. 1,80,392.65 crores.
The capital expenditure including loan repayments and other capital disbursements is estimated at around Rs. 44,396.54 crores.
The released budget for the year 2020-2021 Budget has an overall decrease of 1.4 % compared to the last year’s budget 2019-2020.
The Finance Minister said, due to the pandemic crisis, the Novel Coronavirus or COVID-19, the economic situation witnessed a downfall. The estimated Revenue Deficit is around Rs. 18,434.14 crores and the Fiscal Deficit is estimated at around Rs. 48,295.58 crores.
The fiscal deficit will be around 4.78 % of the GSDP, whereas the Revenue Deficit will be around 1.82 % of the GSDP.
The details of the budget allocated are:
The highlights of this year’s budget are:
YSR Rythu Bharosa scheme :Rs. 3,615 crores
Social welfare scheme Rs. 12,465 crores
Education Rs. 22,604 crores.
Agriculture Rs. 11,891 crores.
Health department Rs. 11,419 crores.
Backward Classes BCs) welfare Rs. 26,934 crores.
Energy department Rs. 6,984 crores.
Civil supplies Rs. 3,520 crores.
Finance Rs. 50,703 crores.
General administration Rs. 878 crores.
Irrigation Rs. 11,805 crores.
Jagananna vidya, vasathi deevena Rs. 2,277 crores.
ST welfare Rs. 1,804 crores.
Transport and R&B Rs. 6,588 crores.
Panchayat Raj and rural development Rs. 16,719 crores.
Tourism Rs. 273 crores.
Women and child welfare Rs. 3,456 crores.
Stay tuned for further updates.
