Andhra Pradesh finance minister K Rosaiah on Thursday presented a vote-on-account budget for Rs 1,05,144 crore for the year 2009-10. This would include a non-Plan expenditure of Rs 63,252 crore and Rs 41,892 crore of Plan expenditure. He also projected a revenue surplus of Rs 1,255 crore and a fiscal deficit of Rs 12,092 crore for the year.

Revising the estimates for 2008-09, Rosaiah said, there is a revenue surplus of Rs 2,066 crore as against the budgeted revenue surplus of Rs 709 crore. And the fiscal deficit for the year is estimated to be Rs 10,427 crore, which is about 29% of gross state domestic product (GSDP).

For the next fiscal, the government has allotted Rs 712 crore for the industry and infrastructure sectors, Rs 9,047 crore for school education, Rs 2,383 crore for higher education, Rs 3,543 crore for health, Rs 3,746 crore for municipal administration, Rs 2,927 crore for agriculture and allied sectors, Rs 5,000 crore for housing and Rs 3,500 crore for the National Rural Employment Guarantee Programme.

Rosaiah said, the global slowdown has its share of impact in the state. But despite the recession, Andhra Pradesh would manage to register a 8% growth during the current year, as against the 7% to 8% target set under the National Common Minimum Programme. Between 2004-08, the state has been growing by about 9% primarily due to the irrigation projects and the National Rural Employment Guarantee Scheme. Since the elections to the state Assembly are due in April, the House would pass a vote-on-account to meet expenditure for the first six months of the 2009-10 fiscal.

Talking about the various projects undertaken by the government, he said, the government is working hard to implement various projects including the Outer Ring Road project, elevated express way that connects to the international airport and the over Rs 12,000 crore Hyderabad Metro Rail Project to ease traffic congestion in the city.

The state is also planning to double its installed power generation capacity (12,500 MW) in the next five years, mainly through coal-based thermal power, he added.