AP govt presents Rs 1.35 lakh-crore Budget, Rs 1,500 crore for capital
Planned expenditure was put at Rs 49,134 crore and non-planned at Rs 86,555 crore.
Hyderabad: Counting on Central grants and loans from financial institutions, AP finance minister Yanamala Ramakrishnudu on Thursday presented the state’s annual Budget for financial year 2016-17 featuring an overall outlay of Rs 1,35,689 crore and estimated revenue deficit of Rs 4,868 crore.
Planned expenditure was put at Rs 49,134 crore and non-planned at Rs 86,555 crore. Rs 1,500 crore was earmarked for AP’s new capital. Budget allocation for social security pensions and waiver of farm loans was reduced compared to previous year.
Mr Ramakrishnudu took 2 hours and 5 minutes to complete his 57 page Budget speech. The state government allotted Rs 1,500 crore for building the capital city Amaravati and Rs 3,660 crore for the Polavaram project.
For the construction of capital city the Centre had released Rs 1,850 crore to the state government. Of this, Rs 850 crore is for construction of government buildings like Assembly, Secretariat, High Court, Raj Bhavan and others and Rs 1,000 crore for development of infrastructure in capital city. The state government hasn’t spent these funds, and has allotted Rs 1500 crore in the Budget.
Revenue from Centre:
- Central taxes share: Rs 24,637cr
- Grants in aid: Rs 26,849 cr
Revenue from state
- Sales tax: Rs 37,435cr
- Excise: Rs 5756cr
- Motor Vehicle tax: Rs 2,412cr
- Stamps&Registrations: Rs 5,180cr
- Non-tax revenue: Rs 5,495cr
- Non-tax revenue: Rs 5,495cr
- State's non-tax revenue: Rs 5,495cr