Minister presents over Rs 1 lakh crore budget for residuary AP

The Andhra Pradesh government today proposed an expenditure of Rs 1,11,824 crore in its Budget estimates for 2014-15, without imposing any fresh taxes.
"For financial year 2014-15, government proposes an expenditure of Rs 1,11,824 crore; Non-plan expenditure is estimated at Rs 85,151 crore and plan expenditure at Rs 26,673 crore," state Finance Minister Y Ramakrishnudu said in his Budget speech in the Legislative Assembly.
The estimated revenue deficit has been pegged at Rs 6,064 crore and fiscal deficit is estimated at Rs 12,064 crore.
The fiscal deficit works out to 2.30 per cent of GSDP (Gross state domestic product) whereas the revenue deficit is estimated at 1.16 per cent.

"These estimates include the receipts and expenditure of two months relating to undivided state of Andhra Pradesh and the anticipated additional assistance of Rs 14,500 crore from the Government of India in the context of state reorganisation," he said.