Amaravati, March 15 (IANS) Andhra Pradesh on Wednesday presented nearly Rs 1.57 lakh crore budget for 2017-18, an increase of 15.71 per cent 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 crore.
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.
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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