Finance Minister Yanamala Ramakrishnudu Today presented AP Budget for the financial year 2017-18 in the Assembly at Velagapudi. 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
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