The Y S Jagan Mohan Reddy government in Andhra Pradesh will dole out a staggering sum of over Rs 75,000 crore in cash to different sections of society while the state''s debt will further rise to Rs 3,48,998 crore in the 2020-21 financial year as projected in the state budget presented on Tuesday.
In 2019-20, the YSR Congress government distributed Rs 49,720 crore to various sections, taking the state debt to Rs 3.02 lakh crore from Rs 2,58,928 crore the previous year.
Touted as welfare schemes, each carries the name of either Chief Minister Jagan Mohan Reddy (Jagananna) or his late father Y S Rajasekhara Reddy (YSR).
Finance Minister Buggana Rajendranath on Tuesday presented a budget for Rs 2.24 lakh crore for the 2020-21 financial year, a decrease of 1.4 per cent over last year, with an estimated revenue deficit of Rs 18,434 crore and a fiscal deficit of a whopping Rs 48,295 crore, but harping mainly on the welfare theme.
The 1.4 per cent decrease in the budget estimates was on account of major economic slowdown during the Covid-19 pandemic, he said.
In addition to the direct money transfer schemes implemented in the last fiscal, at least seven others will be launched this year under the government''s flagship "Navaratnalu" programme.
According to the figures revealed by the Finance Minister in the 2020-21 Budget, presented to the Legislature on Tuesday, a sum of Rs 37,659 crore will be spent under the head Direct Benefit Transfer for schemes like YSR Pension Kanuka, YSR Aasara, Jagananna Amma Vodi, Jagananna Vidya Deevena, YSR Kapu Nestham, YSR Jagananna Chedodu, Jagananna Thodu, YSR Cheyuta.
The same schemes, with a total outlay of Rs 37,618 crore, will also be implemented under various sub-components like SC, ST, BC, Minority and Kapu welfare for the respective communities, according to the Budget document.
https://www.outlookindia.com/newsscroll/ap-govt-presents-rs-224-lakh-cr-budget-for-fy-202021-over-rs-75k-cr-earmarked-for-welfare-schemes/1868077
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The Y S Jagan Mohan Reddy government in Andhra Pradesh will dole out a staggering sum of over Rs 75,000 crore in cash to different sections of society while the state''s debt will further rise to Rs 3,48,998 crore in the 2020-21 financial year as projected in the state budget presented on Tuesday. In 2019-20, the YSR Congress government distributed Rs 49,720 crore to various sections, taking the state debt to Rs 3.02 lakh crore from Rs 2,58,928 crore the previous year. Touted as welfare schemes, each carries the name of either Chief Minister Jagan Mohan Reddy (Jagananna) or his late father Y S Rajasekhara Reddy (YSR). Finance Minister Buggana Rajendranath on Tuesday presented a budget for Rs 2.24 lakh crore for the 2020-21 financial year, a decrease of 1.4 per cent over last year, with an estimated revenue deficit of Rs 18,434 crore and a fiscal deficit of a whopping Rs 48,295 crore, but harping mainly on the welfare theme. The 1.4 per cent decrease in the budget estimates was on account of major economic slowdown during the Covid-19 pandemic, he said. In addition to the direct money transfer schemes implemented in the last fiscal, at least seven others will be launched this year under the government''s flagship "Navaratnalu" programme. According to the figures revealed by the Finance Minister in the 2020-21 Budget, presented to the Legislature on Tuesday, a sum of Rs 37,659 crore will be spent under the head Direct Benefit Transfer for schemes like YSR Pension Kanuka, YSR Aasara, Jagananna Amma Vodi, Jagananna Vidya Deevena, YSR Kapu Nestham, YSR Jagananna Chedodu, Jagananna Thodu, YSR Cheyuta. The same schemes, with a total outlay of Rs 37,618 crore, will also be implemented under various sub-components like SC, ST, BC, Minority and Kapu welfare for the respective communities, according to the Budget document. https://www.outlookindia.com/newsscroll/ap-govt-presents-rs-224-lakh-cr-budget-for-fy-202021-over-rs-75k-cr-earmarked-for-welfare-schemes/1868077