Very next day of withdrawing from two TDP Union Ministers from the Modi Government, the Chandrababu Naidu Government presented its Budget for Andhra Pradesh for FY 2018-19 with an outlay of Rs 191603.61 Crores 21.70% higher than 2017-18 outlay Rs 156999.40 crores.
On Thursday, State’s Finance Minister Yanamala Ramakrishnudu presented the overall Budget. Whereas, State Minister for Agriculture, S Chandramohan Reddy has presented a separate Budget for Agriculture and allied services. Apart from State Budget priorities, he also spoke about the Vision 2022, 2029 and 2050 and the commitment of the Government towards different welfare measures. He briefed how the TDP Government made allocations towards uplifting the farming community, healthcare and towards establishing a knowledge economy by introducing the latest technology to educational pedagogies.
As Finance Minister, while presenting his 10th Budget, Yanamala said “look at the sky. We are not alone. The whole universe is friendly towards us and conspires only give the best those who dream and work”, and declared Chandra Babu Government Policy is as “First People”. He said, “because of the apathy shown by Union Government in implementation of rights declared in Reorganisation Act and the promises given by the Prime Minister, is effecting growth very badly as State is suffering with heavy revenue deficit”, and added “because of unruly bifurcation, Andhra Pradesh has lost main economic sourcing City and service sectors. For years period is very less to re-build a wounded State. Though, Chandra Babu Government is committed to 2022, 2029 and 2050 targets”.
“It is important to note that State Government is proposing a revenue surplus budget for the year 2018-19 anticipating that the Government of India would release all the dues as per the AP Reorganisation Act, 2014 at least this year”, he told.
The Receipts on Revenue Account during the year 2018-19 are estimated at Rs 1,55,507.23 crores as against Rs 1,23,254.01 crores during 2017-18 (Revised Estimate).
The expenditure is estimated to be Rs 1,50,271.99 crores as against the expenditure of Rs 1,27272.02 crores during 2017-18 (Revised Estimate).
The Estimate for 2018-19 reveals a Revenue Surplus of Rs 5,235.24 crores. For Economic Services wherein Agriculture, Rural Development, Irrigation, Energy etc. included, Rs 67830.19 Crores were allocated. Whereas, the Social Services wherein Welfare, Health, Education, Urban Development etc. are included, Rs 67120.25 Crores were allocated. For General Services, Rs 56113.17 Crores were allocated. In Economic and Social Services, Agriculture, Irrigation, Rural Development, Welfare, Education, Health etc. services were got priority in budget allocations.