Hyderabad: The Andhra Pradesh government on Wednesday proposed an expenditure of Rs 1,11,824 crore in its Budget estimates for 2014-15, without imposing any fresh taxes.
"For financial year 2014-15, government proposes an expenditure of Rs 1,11,824 crore; Non-plan expenditure is estimated at Rs 85,151 crore and plan expenditure at Rs 26,673 crore," state Finance Minister Y Ramakrishnudu said in his Budget speech in the Legislative Assembly.
The estimated revenue deficit has been pegged at Rs 6,064 crore and fiscal deficit is estimated at Rs 12,064 crore. The fiscal deficit works out to 2.30 per cent of GSDP (Gross state domestic product) whereas the revenue deficit is estimated at 1.16 per cent.
"These estimates include the receipts and expenditure of two months relating to undivided state of Andhra Pradesh and the anticipated additional assistance of Rs 14,500 crore from the Government of India in the context of state reorganisation," he said
“Our priority is inclusive growth in which equitable opportunities are advanced to all participants in the process of economic growth and benefits accrue to all sections of society particularly those belonging to vulnerable sections,” said Ramakrishnudu.
Observing that united Andhra Pradesh has been a revenue surplus state as far as non-plan revenue is concerned, the Finance Minister said the division has made the residuary state of AP a huge revenue-deficit state on non-plan account.
"Overall revenue share of residuary state from tax and non-tax is estimated to be around 47 per cent of the united state. The state is not left with reasonable resources for a meaningful plan outlay," Ramakrishnudu said.
The Budget has made high allocations for school education, irrigation and energy.
A provision of Rs 12,595 crore is proposed in the Budget Estimates 2014-15 for school education.
AP chief minister N Chandrababu Naidu had recently launched a programme named 'Badi Pilustondi' (school calling) aiming at three major goals of improving enrolment, retention and reduction in dropout rates.
An amount of Rs 8,465 crore is proposed for irrigation in Budget estimates for this fiscal. The Finance Minister said as many 39 projects are to be completed in the sector. This excluded the Polavaram project (which has been given national status by Centre) and 'Uttarandhra Sujala Sravanthi projects'.
However, 11 projects, which are in advanced stage of completion are targeted for the year 2014-15.
Energy, a top priority area for the TDP government, has been allocated Rs 7,164 crore.
Law and Order Rs 3,739 crore, Roads and Buildings Rs 2,612 crore), higher education Rs 2,275 crore, health, Medical and Family Welfare Rs 4,388 crore, Urban Development Rs 3,134 crore are other areas that have received substantial allocations.
Agriculture budget will be presented on August 22.
Budget distribution:
Rs 7,164 crore for Energy department
Rs 3,134 crore for Urban Development
Rs 73 crore for Infrastructure and Investment
Rs 4,388 for Health, medical and Family Welfare
Rs 8,465 for Irrigation
Rs 615 for Industries and Commerce
Rs 111 crore for Information technology and Communication
Rs 3,739 crore for Law and Order
Rs 1,177 crore fr Revenue Department
Rs 2,612 crore Roads and Buildings
Rs 12,595 crore for school education
Rs 812 crore for intermediate education
Rs 2,275 crore for higher education
Rs 113 crore for Tourism and Culture
Rs 808 crore for Housing
Rs 2,318 crore for Civil Supplies
Rs 418 crore for Environment, Forest, Science and Technology
Rs 4,260 crore for Panchayat Raj
Rs 1,152 crore for rural water supply
Rs 2,657 crore for social welfare
Rs 1,150 crore for tribal welfare
Rs 3,130 crore for Backward Classes welfare
Rs 371 crore for minority welfare
Rs 65 crore Welfare of disabled and senior citizens
Rs 126 crore youth services
