Andhra Pradesh State Budget 2017-18 presented
The Andhra Pradesh Finance Minister
Yanamala Rama Krishnudu on 15 March 2017 presented the annual budget for the
State for the period between April 2017 and March 2018.
The total size of the budget is
pegged at Rs 1,56,999.40 crore, out of which revenue expenditure will be Rs
1,25,911.62 crore.
Highlights of the budget:
- The
Receipts on revenue account during the year 2017-18 are estimated at Rs
1,25,495.82 crore as against Rs 1,07,708.88 crore during the FY 2016-17.Rs
9,091 crore, which constitutes 5.79 per cent of the total budgetary
spending, was allocated for the development of agriculture and allied sectors.
- To
revitalize the rural economy, Rs 19,565 crore was allocated to develop social and economic
infrastructure in rural areas.The finance minister has proposed Rs. 3,600
crore for the payment towards the next instalment of debt redemption for
farmers.
- Micro
Irrigation was given top priority with a proposed outlay of Rs 200 crore
for the year 2017-18.
- Under Rashtriya Krishi Vikas Yojana, it
was proposed to encourage farmer groups in vegetable growing areas in
value addition activities such as grading and packing, establishment of
market linkages and pack houses.Oil palm area expansion will be encouraged
with the proposed allocation of 55 crore rupees.
- The
Andhra Pradesh Industrial Corridor Development Authority (APICDA) will be
established shortly to manage industrial infrastructure development under
a single umbrella entity.An allocation of Rs. 125 crore is proposed in the
financial year 2017-18 for rejuvenation of MSMEs.
- A
provision of Rs. 364 crore was proposed for IT, E&C department in the
financial year 2017-18.
- In
the financial year 2017-18, an allocation of Rs 285 crore was proposed for
tourism development and Rs 72 crore to the cultural affairs department. It
was proposed to help 1,09,326 SC families under economic support schemes
during 2017-18 with an investment of Rs 847 crore.
