AP Budget 2019-20 Highlights

Finance Minister YanamalaRamakrishnudu presented the State Budget for the financial year 2019-20 on Feb 5, 2019.
Current Affairs The highlights are –
  • Liabilities of AP increased to Rs 2,23,706crore by the end of financial year 2017-18 as against Rs 1,48,744 crore in fiscal 2014-15.
  • Total Construction Cost of Amaravati - Rs 1,09,023crore. Estimated Cost of Phase 1 - Rs 51,687 crore. Construction Works worth Rs 39,875 crore are under progress.
  • Revenue Expenditure and Capital Expenditure are estimated to be 20.03 percent each. While Revenue Expenditure for 2019-20 is about Rs 1,80, 369.33 crore, Capital Expenditure is estimated to be Rs 29,596.33 crore.
  • Revenue Surplus accounts to Rs 2,099.47 crore. Rs 32, 390 crore fiscal deficit is about 3.03 percent of the AP's GDP.
  • Budget Estimates for 2019-20 increased by 18.38 percent when compared to 2018-19.
  • Amaravati Marine Project which is projected as India's largest marine project is likely to operational by June 2019.
  • Land Allotments were done for 8 Star Hotels (4-Star & 5-Star) in Amaravati. Novotel, Hilton, Crown Plaza, Holiday Inn, Green Park, GRT and Daspalla will be setting up their new branches.
  • Rs 35,182 crore for Panchayat Raj
  • Rs 29,955 crore for Human Resources Department
  • Rs 16,226 crore for BC Sub-Plan
  • Rs 14,367 crore for SC Sub-Plan
  • Rs 5,385 crore for ST Sub-Plan
  • Rs 10,032 crore for Medical and Health Department
  • Rs 5,000 croreAnnadathaSukhibava
  • Rs 4,194 crore for Industries
  • Rs 4,099 crore for Housing
  • Rs 4,000 crore for PasupuKunkuma Scheme
  • Rs 3,000 crore for BC Welfare Corporation
  • Rs 2,883 crore for fee-reimbursement of SC, ST, BC and Minority Students
  • Rs 2,266 crore for Land Pooling
  • Rs 1,304 crore for Minority Welfare
  • Rs 1,200 crore for NTR VaidhyaSeva
  • Rs 1,000 crore for Kapu Welfare Corporation
  • Rs 1,000 crore for Pensions
  • Rs 300 crore for Anna Canteens
  • Rs 100 crore for Brahmin Corporation
  • Rs 24,000 crore spent for waiver of Farm Loan Waiver
  • Unemployment Allowance increased from Rs 2,000 to Rs 1,000 per Month
Published on 2/6/2019 2:29:00 PM

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