Andhra Pradesh Finance Minister A R Reddy presents Rs 1,28,542 crore Budget
Andhra Pradesh Finance Minister Aanam Ramanarayana
Reddy today unveiled a Rs 1,28,542 crore Budget for the 2011—12
financial year, projecting a fiscal deficit of Rs 17,602 crore.
The size of the budget is about Rs 15,000 crore more than last year’s
budget estimate of Rs 1.13 lakh crore. This is the fourth consecutive
year that the State’s Budget has been pegged at over Rs 1 lakh crore,
despite actual spending falling way short of projections.
This was Mr. Ramanarayana Reddy’s maiden budget, which he presented at 11.43 am, the ‘muhurtam’ set for the occasion.
The Finance Minister pegged tax revenue in 2011—12 at Rs 56,438 crore,
as against Rs 46,999 crore in the 2010—11 financial year. Non-tax
revenue is expected to be Rs 12,339 crore, while central funds are
projected at Rs 32,218 crore, including the State’s share of central
taxes at Rs 16,826 crore.
The Plan outlay for 2011—12 has been put at Rs 47,558 crore and non-plan outlay at Rs 80,984 crore.
The
Finance Minister stated that “the Government is committed to continue
all welfare programmes like Rs. 2 per KG rice, free power supply to the
farmers, Rajiv Arogyasri, old age pensions, Indiramma housing, pavala
vaddi under Indira Kranthi Padham, Dr. YSR Abhayahastham, reimbursement
of tuition fee etc. It is over endeavour that the fruits of all these
welfare schemes should reach the needy and eligible sections of the
society. Equal emphasis has been laid on development programmes, by
continuing substantial allocations to infrastructure sectors like
irrigation, roads, buildings, water supply, power etc., in the budget”,
he said.