he budget aims to provide a strong foundation for the state's financial stability and growth. The government is committed to creating wealth and restarting financial growth through strategic investments and prudent fiscal management. Minister Payyavula Keshav emphasized the importance of education, healthcare, and rural development in the state's growth strategy. Significant funds have been allocated to these sectors to ensure that the benefits of development reach every corner of the state
Andhra Pradesh Budget 2024-25: Key Highlights
Hyderabad– The Andhra Pradesh government presented its budget for the fiscal year 2024-25, with Finance Minister Payyavula Keshav unveiling a comprehensive financial plan aimed at addressing the state’s economic challenges and fostering growth.
The budget proposes a total outlay of Rs 2.94 lakh crore, with significant allocations for various sectors to ensure balanced development and welfare. Here are the key highlights of the budget:
- Total Outlay: Rs 2.94 lakh crore
- Revenue Expenditure: Rs 2.35 lakh crore
- Capital Expenditure: Rs 32,712 crore
- Revenue Deficit: Rs 34,743 crore (2.12% of GSDP)
- Fiscal Deficit: Rs 68,742 crore (4.19% of GSDP)
- Education: Rs 29,909 crore allocated for school education
- Healthcare and Family Welfare: Rs 18,421 crore
- Panchayat Raj and Rural Development: Rs 16,739 crore
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The proposed capital expenditure of Rs 32,712 crore is expected to boost infrastructure development, create jobs, and stimulate economic growth. The government has also highlighted its commitment to reducing the revenue and fiscal deficits through effective management and targeted interventions.
As the budget discussions unfold, stakeholders and citizens alike will be closely watching the implementation of these plans and their impact on the state’s economic landscape.
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