Andhra Pradesh Presents Rs 2.56 Lakh Crores Budget for 2022-23

With a focus on state welfare, Andhra Pradesh Finance Minister Buggana Rajendernath on Friday presented the annual budget for 2022-23 in the state Legislative Assembly with a total outlay of 2,56,256 crores. The revenue expenditure was pegged at Rs 2,08,261 crore and capital expenditure at Rs 47,996 crores.

The government projected revenue deficit of Rs 17,036 crore and fiscal deficit to be Rs 48,724 crore, the Finance Minister said adding that the fiscal deficit would be around 3.64 per cent of the GSDP, whereas the revenue deficit works out to be about 1.27 per cent.

Top priority was given to welfare and allocated Rs. 45,955 crores and Rs 30,077 crore earmarked for education. The Finance Minister also prioritised health and earmarked Rs 15,384.26 crore for the sector.