Politics

Andhra presents Rs 1.57 lakh crore budget

yanamala-ramakrishnudu
File Photo

Amaravati, March 15: Andhra Pradesh on Wednesday presented nearly Rs 1.57 lakh crore budget for 2017-18, an increase of 15.71 percent in the outlay over the previous year.

Presenting the maiden budget in the new state capital, Finance Minister Y. Ramakrishnudu proposed total expenditure at 1.57 lakh crore, comprising revenue expenditure of Rs 1.26 lakh crore and capital expenditure of Rs 31,087 crores.

The estimated revenue deficit is around Rs 416 crore and the fiscal deficit is estimated at around Rs 23,054 crore.

The government has allocated Rs 1,061 crore for the development of the new state capital.

Wefornews Bureau

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