Yanamala presents budget 2018-19; Highlights, nvyamedia

Yanamala presents budget 2018-19; Highlights

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Andhra Pradesh government today presented an Rs 1.91-lakh-crore budget, with a projected revenue surplus of Rs 5,235 crore, for the financial year 2018-19, vowing to make “every citizen in this state a happy person”.

The budget estimates entail an overall increase of around 21.69 percent over Rs 1.56 lakh crore in 2017-18.

Presenting his last full budget in the election year, finance minister Yanamala Ramakrishnudu said the state’s fiscal deficit was expected to touch Rs 24,205 crore, which would be over Rs 3,000 crore less than 2017-18.

He also said that the per capita income of the state rose to Rs 1,42,054 in 2017-18, from Rs 1,23,664 in 2016-17, registering a jump of 14.87 percent.

General education got the lion’s share in the latest budget with an allocation of Rs 24,185 crore, followed by rural development with Rs 20,815 crore.

While a total of Rs 13,722 crore has been earmarked for welfare schemes, an increase of 20.78 percent, irrigation got Rs 16,978 crore and agriculture and allied services were allotted Rs 12,355 crore.

(Courtesy: PTInews.com)