Don’t miss the latest developments in business and finance.

Andhra govt proposes expenditure of Rs 1,11,824 crore for 2014-15

The estimated revenue deficit has been pegged at Rs 6,064 crore and fiscal deficit is estimated at Rs 12,064 crore

Image
Press Trust of India Hyderabad
Last Updated : Aug 20 2014 | 3:09 PM IST
The Andhra Pradesh government today proposed an expenditure of Rs 1,11,824 crore in its Budget estimates for 2014-15, without imposing any fresh taxes.

"For financial year 2014-15, government proposes an expenditure of Rs 1,11,824 crore; Non-plan expenditure is estimated at Rs 85,151 crore and plan expenditure at Rs 26,673 crore," state Finance Minister Y Ramakrishnudu said in his Budget speech in the Legislative Assembly.

The estimated revenue deficit has been pegged at Rs 6,064 crore and fiscal deficit is estimated at Rs 12,064 crore.

Also Read

The fiscal deficit works out to 2.30% of GSDP (Gross state domestic product) whereas the revenue deficit is estimated at 1.16%.

"These estimates include the receipts and expenditure of two months relating to undivided state of Andhra Pradesh and the anticipated additional assistance of Rs 14,500 crore from the Government of India in the context of state reorganisation," he said.

More From This Section

First Published: Aug 20 2014 | 2:50 PM IST

Next Story