Andhra Pradesh Budget: Chandrababu Naidu govt presents Rs 2.94 lakh crore budget for 2024-25

Finance Minister Payyavula Keshav, while presenting the budget in the state Assembly, said the estimated revenue deficit for the year is Rs 34,743.38 crore, or 2.12% of the Gross State Domestic Product (GSDP).

Written by FE Business

Updated: November 11, 2024 12:21 IST

The TDP government presented the state Budget today. (Photo: X)

AP Budget FY25: The Andhra Pradesh government on Monday presented a budget of Rs 2,94,427.25 crore for the fiscal year 2024-25, with revenue expenditure estimated at Rs 2,35,916.99 crore and capital expenditure at Rs 32,712.84 crore. Finance Minister Payyavula Keshav, while presenting the budget in the state Assembly, said the estimated revenue deficit for the year is Rs 34,743.38 crore, or 2.12% of the Gross State Domestic Product (GSDP). The fiscal deficit is projected to be Rs 68,742.65 crore, or 4.19% of the GSDP. The presentation was boycotted by the opposition YSR Congress Party (YSRCP).

Key takeaways from Andhra Pradesh Budget 2024-25:

Rs 29,909 crore allocated for school education for 2024-25
Rs 16,739 crore for Panchayat Raj and Rural Development for FY25
Rs 18,421 crore for Healthcare and Family welfare were allotted in the 2024-25 budget.
For agriculture and allied activities, Rs 11,855 crore has been allocated.
For SC, ST and BC welfare, Rs 18,497 crore, 7,555 crore, Rs 39,007 crore have been allocated.
For minority welfare, Rs 4,376 crore has been allocated.
For municipal and urban development, Rs 11,490 crore has been allocated.
For roadways and buildings, Rs 9,554 crore has been allocated.
Rs 8,495 crore has been allocated to the police department.