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AP Budget 2024 Live Updates: Check Highlights

Andhra Pradesh's Vote-On Account Budget for 2024-25 was presented by Minister Buggana Rajendranath Reddy in the Assembly, outlining an estimated expenditure of Rs.2,86,389 crores. Here's a breakdown of the key points:
AP Budget 2024 Highlights

AP Budget 2024 Highlights:

  • Estimated Expenditure: Rs.2,86,389 crores
  • Revenue Expenditure: Rs.2,30,110 crores
  • Capital Expenditure: Rs.30,530 crores
  • Revenue Deficit: Rs.24,758 crores (1.56% of GSDP)
  • Fiscal Deficit: Rs.55,817 crores (3.51% of GSDP)

Revenue Sources:

  • Central Taxes: Rs.49,286 crores
  • State Taxes: Rs.1,09,538 crores
  • Non-Tax Revenue: Rs.14,400 crores
  • Grant-in-Aid: Rs.32,127 crores

Governor's Address Highlights: A Focus on Welfare, Education, and Economic Progress

He outlined the achievements of AP government over the past year. 

Investing in Our People:

  • Subsidies and Concessions: Reduced energy costs by providing daytime current to agricultural pumps and free electricity for 9 hours.
  • Housing: Constructing 22 lakh houses under "Houses for All" scheme, with 9 lakh already provided.
  • Social Welfare: Implemented various programs like Jagananna Chedodu, Jagananna Todu, YSR Kalyanamastu, and YSR Pension Kanuka, offering financial assistance and support to diverse groups.
  • Women Empowerment: Supporting women through YSR Asara and YSR Kapu Nestham schemes, focusing on financial inclusion and empowerment.
  • Child Health: Expanded nutrition programs like YSR Sampurna Poshan and provided growth monitoring equipment to Anganwadi centers.

Also Read: Interim Union Budget 2024 Highlights: Check Key Features Here!

Boosting Economy and Infrastructure:

  • Polavaram Project: Prioritizing completion, with 74.01% work finished and focus on rehabilitation.
  • Roads and Transportation: Laid 58 BT roads and launched 500 mother-child express vehicles.
  • Aqua Culture: Supporting aqua farmers with subsidies and infrastructure development, making AP the Aqua Hub of India.
  • Fisheries: Providing financial assistance and insurance to fishermen families, increasing compensation during fishing prohibition.
  • Agriculture: Established Rythu Bharosa Kendras, provided farmer assurance, and distributed quality seeds and fertilizers.

Transforming Education:

  • Digital Learning: Distributed tabs to students and implementing reforms like IB system and foreign education scheme.
  • Mid-day meals: Providing quality nutritious food to children through Jagananna Gorumudda scheme.
  • Higher Education: Offering fee reimbursement and focusing on improving infrastructure and access.
  • Manabadi Nadu-Nedu: Transforming schools and creating a better learning environment.

Commitment to Social Justice:

  • Unveiling Ambedkar statue: Highlighting commitment to equality and upliftment of weaker sections.
  • Navratnas: Implementing various programs to eradicate poverty and improve living standards.
Published date : 07 Feb 2024 02:04PM

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