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Andhra Pradesh presents budget with Rs 474 cr revenue surplus

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government today proposed a vote-on-account budget of Rs 1,83,129 crore for 2014-15, with an estimated Rs 474 crore revenue surplus, amid protests by ministers and members from region over rejection of draft AP Reorganisation Bill in last session.

The size of interim budget, presented by Finance Minister Anam Ramanarayana Reddy, is valid for six months. It is an increase of 13.50 per cent over budget estimates 2013-14.

In budget 2014-15 estimates, non-plan expenditure is estimated at Rs 1,15,179 crore and plan expenditure at Rs 67,950 crores.

While the estimated revenue surplus is pegged at Rs 474 crore, the fiscal deficit is estimated at Rs 25,402 crore, at 2.60 per cent of GSDP.

"The revised estimates of 2013-14 indicate a revenue surplus of Rs 1,023 crore. The fiscal deficit in 2013-14 is estimated at Rs 24,487 crores, which would be 2.87 per cent of GSDP," the Finance Minister said while presenting the interim budget.

The final accounts of 2012-13 show a revenue surplus of Rs 1,128 crore and fiscal deficit is well within the FRBM Act at Rs 17,508 crore, which is 2.35 per cent of GSDP.

The Finance Minister's speech was marred by protests from the TRS and TDP members and also ministers from Telangana who were on their feet against the rejection of the draft Andhra Pradesh Reorganisation Bill by the Assembly in last session.

The members alleged that the bill was rejected by a voice vote sans their consent.

The minister chose not to read the prepared budget speech fully in view of the protests and indicated it could be treated as read.

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