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AP Budget 2020: Buggana Rajendranath Reddy introduces Budget of Rs 2,24,789 cr for 2020-21 in assembly
P Finance Minister Buggana Rajendranath Reddy presented the budget in the Assembly on Tuesday
For the Financial Year 2020-21, the AP Finance Minister Buggana Rajendranath Reddy proposed an expenditure of Rs. 2,24,789.18 crore, with revenue expenditure estimated at Rs. 1,80,392.65 crore, capital expenditure including loan repayments and other capital disbursements is estimated at around Rs. 44,396.54 crores.
He presented the budget in the Assembly on Tuesday.
The 2020-21 Budget Estimates entail an overall decrease of 1.4 % over the 2019-20 budget estimates on account of major economic slowdown during the COVID-19 pandemic. The estimated Revenue Deficit is around Rs. 18,434.14 crore and the Fiscal Deficit is estimated at around Rs. 48,295.58 crore. The fiscal deficit will be around 4.78 % of the GSDP, whereas the
Revenue Deficit will be around 1.82 % of the GSDP.
