Giving highest priority to the welfare schemes, Andhra Pradesh finance ministerBuggana Rejendranathpresented the annual budget for 2023-24 with an outlay of Rs 2,79,279 crore. He spared Rs 54,228 crore for different welfare schemes to be implemented in the coming fiscal.
Entire Rs 54,228 crore will be disbursed to the eligible poor through Direct Benefit Transfer (DBT). The state has so far transferred Rs 1.97 lakh crore to the poor through welfare schemes in the last four years at an Average of Rs 49,000 crore per year.
The finance minister put the at Rs 2,28,540 crore while the Capital Expenditure is Rs 31,061 crore. He said that Revenue Deficit is Rs 22,316 crore. The Fiscal Deficit is Rs 54,587 crore which is just 3.7 per cent of the projected GSDP of the state. Finance minister said that the Growth rate in AP is the highest in the country with 11.43 per cent.
While Health-sector”>Health sector got Rs 15,882 crore, school Education got Rs 29,690.71 crore. Similarly, Agriculture-notes-for-state-psc-exams”>Agriculture sector was granted Rs 11,589 crore. YSR pension scheme got Rs 21,434 crore.