Finance Minister yanamala ramakrishnudu on Wednesday unveiled a Rs 1,11,824 crore Andhra Pradesh State budget for the financial year 2014-15.
We present the first budget of Andhra Pradesh after bifurcation, Yanamala said that the Non-Plan Expenditure is estimated at R 85,151 crore and plan expenditure on R 26673 crore. "The estimated revenue deficit of Rs 6064 core and the state budget deficit is estimated at R 12,064 crore. Fiscal deficit comes out to 2.30% of GSDP that revenue deficit works out to 1.16%. Such estimates include revenue and expenses for two months in connection the undivided State of Andhra Pradesh and envisaged additional assistance of Rs 14,500 crore from the Indian government in connection with the reorganization of the state, "he said.
The Finance Minister expressed confidence that the 2014-15 budget would begin the process of building a new country on sound lines and pave the way for speedy action in the coming years. "Our priority is inclusive growth, in which equal opportunities are advanced to all participants in the process of economic growth and benefit all sections of society, particularly those belonging to vulnerable groups,"
Yanamala, who presented the budget again after 10 years, says that the interregnum period was mainly characterized by a lack of vision development, strategic management and rampant corruption, failure management. After successive agitations and strikes in the last few years, the situation is deteriorating, how to become bifurcated, he said.
"This unfortunate scenario that the current government inherited leaves me in the unenviable situation of complexity and solve problems, become burdened. Now we rediscover the process of building the economy once against the way we are treated earlier," he said.
Yanamala said the government would give top priority to the fulfillment of the five main promises during elections. They are debt relief for farmers and DWCRA women, increasing the amount of the pension, ensure 20 liters of mineral water for R 2 through corporate social responsibility of the private sector within the NTR Sujala Pathakam, closing shops belts in villages and raising the retirement age of civil servants from 58 to 60 . "This announcement, as part of a holistic strategy development, are met," he said. "We are also committed to provide post-matriculation scholarship and fee reimbursement is deserving students. Determine the budget for the reception of programs for the welfare of cabbage and noble. Commission is formed to study the integration of cabbage in BC category without affecting the interests of the BCS."
The government created a reserve for R 2,657 Cr for social care; R 1150 for Tribal Welfare; R 3130 for the welfare of BC; R 371 Cr for minority welfare; R 1049 for women and childcare; R 65 Cr social care for disabled and elderly; R 126 Cr for youth services; R 113 Cr in the field of tourism; R 808 Cr for housing; R 2,318 Cr for Civil Supplies; R 6094 Cr for rural development; R 4260 Cr for panchayat Raj; R 1,152 Cr for rural water supply; R 3134 for urban development; R 276 Cr labor and employment; R 4388 Cr for health, medical and family; R 12595 for school education; R 812 Cr for advanced education; R 2,275 Cr in higher education; R 418 Cr environmental and forestry; R 73 Cr for infrastructure and investment; R 2,612 Cr on roads and buildings; R 7164 Cr for power; R 8465 Cr for irrigation; R 615 Cr for industry and commerce; R 111 Cr IT & C; R 403 Cr for disaster management; R 3739 Cr for law and order and for R 1177 Cr Revenue Department.
Yanamala said that the government has decided to re-develop the Vision 2020 document to frame a vision that sets standards for new development paradigm in sync with the change of circumstances, become a place among the top three performing states in the country 202 CE India @ 75 "The government's efforts will, therefore, to Andhra Pradesh "Swarandhra Pradesh" developed state, measured in terms of citizen life satisfaction and happiness index in 2029, coinciding with the next three Finance Commission, "he said.
