Budget 2018-19: Yanamala Ramakrishnudu presents budget with focus on people's welfare
Budget 2018-19: Yanamala Ramakrishnudu presents budget with focus on people's welfare

Amaravati: The AP Finance Minister Yanamala Ramakrishnudu has presented Budget at Rs. 1,91,070 crore for the Financial Year 2018-19. He presented the Budget in the Assembly on Thursday at 11.30 am, at Velagapudi.

In his fourth Budget, Yanamala proposed the Revenue Expenditure estimated at Rs. 1,50,271.99 crore and Capital Expenditure estimated at around Rs. 28,678.49 crore, which includes Rs. 9,351.15 crore towards principal repayment of Public Debt.

The 2018-19 Budget Estimates entail an overall increase of around 21.69 percent over the 2017-18 Budget Estimates, he informed.

While the revenue expenditure is estimated to increase by around 19.35 per cent, the capital expenditure is estimated to grow by around 30.60 percent over the 2017-18 financial year.

The estimated Revenue Surplus is around Rs. 5,235.24 crore and the Fiscal Deficit is estimated at around Rs. 24,205.21 crore.

The fiscal deficit will be around 2.78 percent of the GSDP, whereas the Revenue Surplus would be around 0.60 percent of the GSDP.

He was confident that these proposals are in the direction of making every citizen in this State a happy person.  

By Sambasiva Rao Madamanchi

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