Andhra Pradesh FM Buggana Rajendranath Presents Rs. 2.79 Lakh Crore Budget For FY 2023-24

He presented a budget of Rs 2,79,279.27 crore with a revenue expenditure of Rs 2,28,540 crore and a capital expenditure of Rs 31,061 crore.

Andhra Pradesh Finance Minister Buggana Rajendranath speaking in the assembly

Source : ABP Desam

Andhra Pradesh Finance Minister Buggana Rajendranath Reddy on Thursday tabled an annual budget of Rs. 2.79 lakh crore for financial year 2023-24 in the state assembly.He presented a budget of Rs 2,79,279.27 crore with a revenue expenditure of Rs 2,28,540 crore and a capital expenditure of Rs 31,061 crore. The fiscal deficit is estimated to be around Rs 54,587 crore, while the revenue deficit is Rs 22,316 crore.

Buggana Rajendranath presented the state budget for the fifth time under the leadership of Chief Minister Y. S. Jagan Mohan Reddy. This is the last full-fledged budget of the YSR Congress before the 2024 elections.

Of the total budget, Rs 54,228 crore has been allocated for direct benefit schemes (DBT), which include YSR Pension Kanuka getting Rs 21,435 crore, YSR Rythu Bharosa (Rs 4,020 crore), Jagananna Vidya Devena (Rs 2,842 crore) and Jagananna Vasati Devena (Rs 2,200 crore).

Other major DBT allocations are YSR Asara (Rs 6,700 crore), YSR Cheyuta (Rs 5,000 crore) and Amma Vodi (Rs 6,500 crore).
Besides DBT schemes, Rajendranath has earmarked Rs 15,882 crore for Health & Family Welfare, Price Stabilisation Fund (Rs 3,000), Manabadi Nadu-Nedu (Rs 3,500 crore) and Panchayati Raj & Rural Development (Rs 15,873 crore).

Likewise, the Budget allocated Rs 9,381 crore for the Municipal Administration & Urban Development, Scheduled Castes Component (Rs 20,005 crore), Scheduled Tribes Component (Rs 6,929 crore) and Backward Classes Component (Rs 38,605 crore).

Under welfare for communities, the Finance Minister allocated Rs 4,887 crore for Kapu welfare and minority welfare (Rs 4,203 crore).
Similarly, Housing for Poor was allotted Rs 5,600 crore, Roads & Buildings department - Rs 9,118 crore, Irrigation – Rs 11,908 crore, Energy - Rs 6,456 crore, and Village and Ward Secretariats (Rs 3,858 crore) among others.

The finance minister, while presenting the budget, said that the budget is designed to raise the living standards in the state. He said that YS Jagan Mohan Reddy government is investing heavily in the education department to transform the education sector.

He further stated that the state has suffered a lot financially during the COVID-19 pandemic, but the challenges have been faced effectively. He expressed his gratitude to the finance department officials who have worked so hard and have been helping him for four years. 

(With inputs from ABP Desam — It is a Telugu platform of ABP News. For more news, commentary and latest happenings from two Telugu states, follow https://telugu.abplive.com/)