AP Budget 2024 Complete Details: Annual Budget of ₹2.94 Lakh Crores!

Finance Minister Payyavula Keshav presented the Andhra Pradesh (AP) annual budget for 2024-25, amounting to ₹2.94 lakh crores. Agriculture Minister Achennaidu introduced the agriculture budget, with a total allocation of ₹43,402 crores. He praised the smooth execution of the Rythu Bima (Farmers’ Insurance) program under Chief Minister Jagan's tenure.

The estimated revenue expenditure is ₹2,35,916.99 crores, and the capital expenditure is ₹32,712.84 crores. Payyavula announced a revenue deficit of ₹34,743.38 crores and a fiscal deficit of ₹68,742.65 crores in his budget speech. Significant allocations were made for various key sectors.

AP Budget 2024-25 Key Allocations:

Sector-Wise Allocations:

• School Education - ₹29,909 crores
• Agriculture and Allied Sectors - ₹11,855 crores
• SC Welfare - ₹18,497 crores
• ST Welfare - ₹7,557 crores
• BC Welfare - ₹39,007 crores
• Minority Welfare - ₹4,376 crores
• Women and Child Welfare - ₹4,285 crores
• Human Resource Development - ₹1,215 crores
• Higher Education - ₹2,326 crores
• Healthcare - ₹18,421 crores
• Panchayati Raj and Rural Development - ₹16,739 crores
• Urban Development - ₹11,490 crores
• Housing - ₹4,012 crores
• Water Resources - ₹16,705 crores
• Industries and Commerce - ₹3,127 crores
• Energy Sector - ₹8,207 crores
• Transport, Roads, and Buildings - ₹9,554 crores
• Youth, Tourism, and Culture - ₹322 crores
• Police Department - ₹8,495 crores
• Environment, Forests, Science, and Technology - ₹687 crores

Borrowings in the Budget:

• The government plans to raise ₹91,443 crores in public debt this year.
• Expected revenue is ₹2.01 lakh crores, with ₹24,498 crores earmarked for debt repayment.

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Published date : 11 Nov 2024 01:09PM