Keshav Presents Budget in AP Assembly; Allocates Funds for Amaravati
The Finance Minister proposed an expenditure of Rs.3,32,205 crore, with revenue expenditure estimated at Rs.2,56,143 crore, and capital expenditure at Rs. 53,915 crore
Hyderabad: Andhra Pradesh Finance Minister Payyavula Keshav on Saturday presented the budget in the Assembly in Amaravati.
In the very first year of the governance, the economy bounced back from an average growth rate of 10.3 per cent in 2019-24 to an impressive 11.75 per cent in 2024-25. Then came 2025-26, which has been characterised by headwinds of geo-political uncertainties. Be it the terrorist attack to which India gave a befitting response through Operation Sindoor, or geo-political or the tariff war tensions, the leadership of Prime Minister Narendra Modi garu has shown that India will not budge.
For the financial year 2026-27, the Finance Minister proposed an expenditure of Rs.3,32,205 crore, with revenue expenditure estimated at Rs.2,56,143 crore, and capital expenditure at Rs. 53,915 crore. The estimated revenue deficit is around Rs. 22,002 crore and the fiscal deficit is around Rs. 75,868 crore. The revenue deficit will be around 1.11per cent and fiscal deficit will be around 3.84 per cent of GSDP.
The State government has allocated Rs.13,546 for roads, airports and ports while Rs.6,000 crore for construction of Amaravati capital and Rs.13.934 crore for energy sector. The annual budget was presented by Home Minister Anita in the Legislative Council. Earlier, the Andhra Pradesh cabinet led by the Chief Minister N Chandrababu Naidu met and approved the budget.
