Rs 1.6 lakh cr AP budget targets voters
Hyderabad, Mar 18, 2013, DHNS: 1:26 IST
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.