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Rs 1.6 lakh cr AP budget targets voters

Hyderabad, Mar 18, 2013, DHNS:

With almost  43  % spending on social welfare  services , 17 % on  Agriculture and   26 % on irrigation , Andhra Pradesh Finance Minister Anam Ramnarayana Reddy prepared a perfect budget likely to please all important voting constituents in the state.

The finance minister  presented a tax-free, revenue surplus Budget with a total outlay of Rs 1,61,348 crore for 2013-14, projecting  a  huge  non-plan  expenditure at Rs 1,01,926 crore and Plan expenditure of Rs 59,422 crore which economists would have preferred to be in the reverse order. The Budget for 2013-14 will entail in a revenue surplus of Rs 10,023 crore and a fiscal deficit of Rs 24,487 crore.


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