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Vote-on-Account at Rs 1.83 lakh cr
Vote-on-Account at Rs 1.83lakh cr, vote on account budget, Finance Minister Anam Ramanarayana Reddy. This is the fourth budget presented by the Finance Minister Anam Ramanarayana Reddy and the last for this government as the end of its term is around the corner.
- Anam presents fourth budget
- Speech ends in less than 10 minutes due to disruptions
- 13.5% increase in size over 2013-14 budget
- Proposes no taxes, shows revenue surplus
Hyderabad: The Andhra Pradesh Government on Monday presented a vote on account budget with an estimated expenditure of Rs 1,83,1 29 crore for the year 2014-15 amidst noisy scenes in the state legislative assembly and the Council.
This is the fourth budget presented by the Finance Minister Anam Ramanarayana Reddy and the last for this government as the end of its term is around the corner.
The proposed expenditure is higher by 13.5% over the current budget size of Rs 1,61,348.68 crore and of this rise close to Rs 10,000 crore will be on account of salaries and pensions.
Ramanarayana Reddy ended his budget presentation in less than 10 minutes by skipping most of the 32-page budget speech citing that the conditions in the House were not conducive to read out the entire speech. According to the Finance Minister there was no customary address by the Governor since it was only a Vote-on-Account budget.
As the House assembled for the day, members from Telangana region stormed into the well and kept raising slogans targeting the Chief Minister and the Speaker for the manner in which the AP Reorganisation Bill was rejected with a voice vote on January 29.
Protesting against the adoption of the resolution, Ministers D K Aruna, P Laxmaiah, B Sariah, N Uttam Kumar Reddy, D Nagendar, R Venkat Reddy, Mukesh Goud and P Sudarshan Reddy stood at their respective places during the presentation of the Budget.
According to the budgetary figures presented by the Finance Minister, the year would end with an estimated revenue surplus of Rs 474 crore and a fiscal deficit at Rs 25,402 crore or 2.60% of the gross state domestic product (GSDP) as compared to an indicative revenue surplus of Rs 1,023 crore and an estimated fiscal deficit of Rs 24,487 crore (Rs 2.87% of GSDP) for the current financial year.
The government allocated Rs 1,15,179 crore under non-plan expenditure and Rs 67,949.64 crore under plan expenditure as compared to Rs 101,926.20 crore and Rs 59,422.50 crore in the current year's budget respectively.
Of this, the Finance Minister is seeking the approval of the House for an expenditure of Rs 79,469.83 crore for the six-month period beginning Aril, 1, 2014 while the new government will present a full budget after it assumes office in May this year following the elections.
The State government will put the Vote-on-Account for the approval of the house on February 13, the last day of this brief four-day session as well as of the current Legislative Assembly.
