Finance Minister Yanamala Ramakrishnudu presented the State Budget for the financial year 2019-20 on Tuesday.
Liabilities of AP increased to Rs 2,23,706 crore by the end of financial year 2017-18 as against Rs 1,48,744 crore in fiscal 2014-15.
Total Construction Cost of Amaravati - Rs 1,09,023 crore. Estimated Cost of Phase 1 - Rs 51,687 crore. Construction Works worth Rs 39,875 crore are under progress.
Revenue Expenditure and Capital Expenditure are estimated to be 20.03 percent each. While Revenue Expenditure for 2019-20 is about Rs 1,80, 369.33 crore, Capital Expenditure is estimated to be Rs 29,596.33 crore. Revenue Surplus accounts to Rs 2,099.47 crore. Rs 32, 390 crore fiscal deficit is about 3.03 percent of the AP's GDP. Budget Estimates for 2019-20 increased by 18.38 percent when compared to 2018-19.
Amaravati Marine Project which is projected as India's largest marine project is likely to operational by June 2019.
Land Allotments were done for 8 Star Hotels (4-Star & 5-Star) in Amaravati. Novotel, Hilton, Crown Plaza, Holiday Inn, Green Park, GRT and Daspalla will be setting up their new branches.
Rs 35,182 crore for Panchayat Raj
Rs 29,955 crore for Human Resources Department
Rs 16,226 crore for BC Sub-Plan
Rs 14,367 crore for SC Sub-Plan
Rs 5,385 crore for ST Sub-Plan
Rs 10,032 crore for Medical and Health Department
Rs 5,000 crore Annadatha Sukhibava
Rs 4,194 crore for Industries
Rs 4,099 crore for Housing
Rs 4,000 crore for Pasupu Kunkuma Scheme
Rs 3,000 crore for BC Welfare Corporation
Rs 2,883 crore for fee-reimbursement of SC, ST, BC and Minority Students
Rs 2,266 crore for Land Pooling
Rs 1,304 crore for Minority Welfare
Rs 1,200 crore for NTR Vaidhya Seva
Rs 1,000 crore for Kapu Welfare Corporation
Rs 1,000 crore for Pensions
Rs 300 crore for Anna Canteens
Rs 100 crore for Brahmin Corporation
Rs 24,000 crore spent for waiver of Farm Loan Waiver
Unemployment Allowance increased from Rs 2,000 to Rs 1,000 per Month
Liabilities of AP increased to Rs 2,23,706 crore by the end of financial year 2017-18 as against Rs 1,48,744 crore in fiscal 2014-15.
Total Construction Cost of Amaravati - Rs 1,09,023 crore. Estimated Cost of Phase 1 - Rs 51,687 crore. Construction Works worth Rs 39,875 crore are under progress.
Revenue Expenditure and Capital Expenditure are estimated to be 20.03 percent each. While Revenue Expenditure for 2019-20 is about Rs 1,80, 369.33 crore, Capital Expenditure is estimated to be Rs 29,596.33 crore. Revenue Surplus accounts to Rs 2,099.47 crore. Rs 32, 390 crore fiscal deficit is about 3.03 percent of the AP's GDP. Budget Estimates for 2019-20 increased by 18.38 percent when compared to 2018-19.
Amaravati Marine Project which is projected as India's largest marine project is likely to operational by June 2019.
Land Allotments were done for 8 Star Hotels (4-Star & 5-Star) in Amaravati. Novotel, Hilton, Crown Plaza, Holiday Inn, Green Park, GRT and Daspalla will be setting up their new branches.
Rs 35,182 crore for Panchayat Raj
Rs 29,955 crore for Human Resources Department
Rs 16,226 crore for BC Sub-Plan
Rs 14,367 crore for SC Sub-Plan
Rs 5,385 crore for ST Sub-Plan
Rs 10,032 crore for Medical and Health Department
Rs 5,000 crore Annadatha Sukhibava
Rs 4,194 crore for Industries
Rs 4,099 crore for Housing
Rs 4,000 crore for Pasupu Kunkuma Scheme
Rs 3,000 crore for BC Welfare Corporation
Rs 2,883 crore for fee-reimbursement of SC, ST, BC and Minority Students
Rs 2,266 crore for Land Pooling
Rs 1,304 crore for Minority Welfare
Rs 1,200 crore for NTR Vaidhya Seva
Rs 1,000 crore for Kapu Welfare Corporation
Rs 1,000 crore for Pensions
Rs 300 crore for Anna Canteens
Rs 100 crore for Brahmin Corporation
Rs 24,000 crore spent for waiver of Farm Loan Waiver
Unemployment Allowance increased from Rs 2,000 to Rs 1,000 per Month