07-Feb-2024 03:22 PM
1723
Vijayawada, Feb 7 (Reporter) Andhra Pradesh Finance Minister Buggana Rajedranath Reddy on Wednesday presented the Vote on Account budget proposing an expenditure of Rs.2,86,389.27 crore with revenue expenditure estimated at Rs.2,30,110.41 crore and capital expenditure Rs. 30,530.18 crore for the financial year 2024-25. The estimated fiscal deficit is Rs 55,817.50 crore.
The estimated revenue deficit is around Rs.24,758.22 crore and the fiscal deficit is estimated at around Rs.55,817.50 crore. The fiscal deficit will be around 3.51 % of the GSDP, whereas the revenue deficit will be around 1.56 % of the GSDP.
The Finance minister said Rs. 2.53 lakh crore was spent through Direct Benefit Transfer (DBT) between 2019-20 to 2023-24 & non-DBT transfers were Rs 1.68 lakh crore. Rs. 4.21 lakh crore has thus been transferred to the hands of the people in the last five years. This is exemplified by the fact that, the per-capita income (NSDP) of Andhra Pradesh has shown a quantum jump from Rs. 1,54,031 in 2018-19 to Rs. 2,19,518 in 2022-23 and the rank has improved to 9 th.
He said the government has enhanced the expenditure incurred under rice subsidy. Against Rs 14,256 crore incurred during 2014-2019, Rs 29,628 crore has been incurred from 2019 to 2023.
YSR Jagananna Colonies are being developed providing the infrastructure at an estimated cost of Rs.32,909 crore. Since 2019, Rs 33,300 crore has been credited to the accounts of 53.53 lakh famers, including 1.60 lakh tenants and 93 thousand RoFR farmers, through DBT mode under Dr.YSR Rythu Bharosa-PM KISAN. The financial assistance of Rs 13,500 for tenant and ROFR cultivators has been provided entirely by the government, the FM said.
Under the Amma Vodi scheme an amount of Rs.26,067 crore has been provided to over 43.61 lakh mahila maharanis, benefiting more than 83 lakh students of classes I to Intermediate.
Through YSR Cheyutha scheme, over 26 lakh women have secured their livelihood through economic activities with a disbursal of Rs 14,129 crore. Under Jagananna Paala Velluva scheme, Rs 2,697 crore has been spent to facilitate 3.6 lakh mahila maharanis to get higher income from dairy.
Under Dr. YSR Free Crop Insurance, the government has settled a claim amount of Rs.7,802 crore to 54.55 lakh farmers accounts. In comparison, the previous government had settled claims of only Rs. 3,411 crore for 30.85 lakh farmers. The government has disbursed Rs 84,731 crore through YSR Pension Kanuka to 66.35 lakh beneficiaries since 2019, the Finance Minister explained...////...