Andhra Pradesh Govt Presents Rs 2.94 Lakh CR Budget for FY25

Amaravati: Andhra Presh government on Monday presented a budget of Rs 2,94,427.25 crore for FY 25 with a revenue expenditure estimated at Rs 2,35,916.99 crore and capital expenditure at Rs 32,712.84 crore.

Finance Minister Payyavula Keshav, while presenting budget in Assembly, said estimated revenue deficit is around Rs 34,743.38 crore (2.12 per cent of GSDP) and fiscal deficit is estimated at around Rs 68,742.65 crore (4.19 per cent of GSDP) for financial year.

" budget proposals which I am presenting today were me by keeping state's financial position in consideration and to revive (state) financially by creating wealth. This is aimed at restarting financial wheels of state," said Keshav.

budget allotted Rs 16,739 crore for Panchayat Raj and Rural Development for FY25, a portfolio held by Deputy CM Pawan Kalyan.

A total of Rs 29,909 crore for school education and Rs 18,421 crore for Healthcare and Family welfare were allotted in 2024-25 budget.

Attacking earlier YSRCP government, Kehsav said by time previous regime was out of power, state's financial position was on verge of collapse.

Opposition YSRCP boycotted session today.

(Except heline, this story is t edited by Republic and is published from a syndicated feed)