AP budget 2015 Released

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Finance Minister Yanamala Ramakrishnudu on Thursday presented First Budget of Andhra Pradesh after the bifurcation.

Insights: 14th Finance Commission treating Capital-less & Deficit Budget State AP on par with Other States when it comes to Central Grants is unfair.

Per Capital Income – Rs 90,517 for 2014-15 against Rs 81,397 in 2013-14.

Yanamala – “As per Finance Commission, Projected tax-GSDP (Gross State Domestic Product) ratio for AP and Telangana are 7.98 and 9.99 respectively. This Budget helps building the New State on sound lines and gives an assurance on rapid growth in the coming years”.

Total Budget – Rs 1,13,049 crore (Rs 1,11,823 crore in 2014-15)

Planned Expenditure – Rs 34,412 crore

Non-Planned Expenditure – Rs 78,637 crore

Revenue Deficit – Rs 7,300 crore

Fiscal Deficit – Rs 17,584 crore

List of Allocations in AP Budget 2015-16:

Revenue Department – Rs 14, 242 crore

Police Department – Rs 4,062 crore

Irrigation Water & Flood Management – Rs 5,258 crore

Industries – Rs 637 crore

New Capital – Rs 3,168 crore

School Education – Rs 14,962 crore

Intermediate Education – Rs 585 crore

Higher Education – Rs 3,049 crore

Information Technology – Rs 370 crore

Skill Development – Rs 360 crore

Medical & Health – Rs 5,728 crore

Social Welfare – Rs 2,123 crore

Tribal Welfare – Rs 993 crore

BC Welfare – Rs 3,231 crore

Minority Welfare – Rs 379 crore

Woman & Child Welfare – Rs 1,080 crore

Energy Sector – Rs 4,367 crore

Panchayat Raj – Rs 3,296 crore

Science & Technology – Rs 280 crore

Rural Water Supply – Rs 881 crore

Urban Development – 3,168 crore

Housing – Rs 897 crore

Forest Department – Rs 284 crore

Endowment – Rs 200 crore

Godavari Pushkarams – Rs 200 crore

AP Transport – Rs 122 crore

Welfare of Handicapped & Aged People – Rs 45 crore

Chenetha-Jowli Department – Rs 46 crore

Sports – Rs 45 crore

Mines – Rs 27 crore

Visakhapatnam & Vijayawada Metro Rail Projects – Rs 300 crore

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