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AP Budget 2017 Highlights

AP Budget 2017 Highlights

Finance Minister Yanamala Ramakrishnudu Today presented AP Budget for the financial year 2017-18 in the Assembly at Velagapudi. He told State’s Economy is badly hit with Demonetisation & Shifting of Administration to AP Capital in fiscal 2016-17. He predicts negative impact of GST on the economy for a short term from July 1st this year.

Yanamala has put an end to the old tradition of Plan & Non-Plan Expenditures in the Budget. Instead, He opted for a structural reform with Revenue & Capital Expenditures by claiming it’s the best practice followed Globally.

AP Budget 2017-18: Rs 1,56,999 crore. The Budget allocation has been increased by 15.70 percent when compared to last year.

Revenue Expenditure: Rs 1,25,911 crore; Capital Expenditure: Rs 31,087 crore; Principal Repayment of Public Debt: Rs 8,009 crore

Revenue Collected in the form of Taxes: Rs 82,855 crore

Revenue Deficit: Rs 416 crore; Fiscal Deficit: Rs 23,054 crore

Inclusion of Gender Budget: The main objective behind it is to prevent discrimination against women and girl, when it comes to security, human rights and development.

APĀ  Budget 2017-18 Allocations:

Rs 20,384 crore for General Education & Rs 765 crore for Technical Education

Rs 19,565 crore for Rural Development

Rs 17,073 crore for Women and Child Welfare

Rs 12,770 crore for Irrigation & Disaster Management

Rs 11,361 crore for Welfare Programmes

Rs 9,090 crore Agriculture & allied Sectors

Rs 7,020 crore for Health Care

Rs 5,207 crore for Urban Development

Rs 4,813 crore for Tourism

Rs 4,316 crore for Pensions

Rs 4,274 crore for Power

Rs 4,041 crore for Roads & Buildings

Rs 3,946 crore for Transport

Rs 3,600 crore for Farm Loan Waiver

Rs 3,528 crore for SC,ST Sub-Plan

Rs 3,300 crore for Power Subsidy to Poor

Rs 2,800 crore for Civil Supplies

Rs 2,085 crore for Industries

Rs 1,600 crore for DWAKRA Sanghams

Rs 1,500 for Shadi Khana

Rs 1,456 crore for Housing

Rs 1,061 core for AP Capital development

Rs 1,005 crore for Sports

Rs 1,000 crore for Kapu Corporation

Rs 1,000 crore for NTR Arogya Shri

Rs 500 crore towards Monthly Allowance for Unemployed Youth

Rs 450 crore for development of Vizag-Kakinada-Tirupati

Rs 364 crore for Information Technology

Rs 350 crore for LPG Connections

Rs 282 crore for Fishermen

Rs 262 crore for roads in Rural Areas

Rs 200 crore for Anna Canteens

Rs 100 crore each for NTR Sujala Sravanthi & NTR Vydhya Seva

Rs 90 crore for Physically Challenged

Rs 78 crore for Cultural Department

Rs 75 crore for Brahmin Corporation

Rs 35 crore for Christian Corporation

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