News/City Updates

State budget presented with outlay of Rs. 2.94 lakh crore

The AP government has presented the budget for the year 2024-25 with an outlay of Rs 2.94 lakh crore and a fiscal deficit of Rs 68,742 crore, while the estimated revenue deficit is pegged at Rs 34,743 crore.

Presenting the budget in the Legislate Assembly on 11 November, Finance Minister Payyavula Kesav said: “Despite financial constraints, the alliance government is committed to implementing the ‘super six guarantees’ promised during the elections. As a part of it, funds will be allocated for the ‘Talliki vandanam’ scheme. Free travel for women in RTC buses will also be provided soon.”

Allocations for various sectors in the AP budget 2024-25 include: Rs 29,909 crore (primary education), Rs 11,855 crore (agriculture and allied sectors), Rs 18,497 crore (SC welfare), Rs 7,557 crore (ST welfare), Rs 39,007 crore (BC welfare), Rs 4,376 crore for minorities welfare, Rs 4,285 crore (women welfare), Rs 2,326 crore (higher education), Rs 18,421 crore (health), Rs 16,739 crore (panchayat raj and rural development), Rs 11,490 crore (urban development), Rs 9,554 crore (transport, roads and buildings), Rs 8,495 crore (police department) and Rs 322 crore for youth affairs and tourism.

Earlier, the State Cabinet at its meeting chaired by Chief Minister N Chandrababu Naidu approved the budget proposals. Meanwhile, the budget session of the Assembly began and the YSRCP, which has the strength of only 11 in the House of 175 members, decided to boycott the session.

Read also- No Navy Day in Vizag this year

Stay tuned to Yo! Vizag website and Instagram for more city and news updates.

This article is written by Senior Journalist Lakkoju Nagesh Babu

Share
Leave a Comment

Recent Posts

What Are The New Releases on OTT Today? Here’s What to Add to Your Watchlist

A slew of fresh and exciting OTT releases are dropping today, promising a binge-worthy lineup…

9 hours ago

Hot & Hearty: The best soups in Visakhapatnam that complements this weather!

With the weather taking a turn these past couple of days, it’s like Visakhapatnam has…

10 hours ago

Plan a trip from Vizag to these 5 skiing destinations in India this winter

Dreaming of swishing down powdery white slopes with crisp mountain air in your lungs? While…

10 hours ago

Bigg Boss 8 Telugu: Voting polls drastically change, THIS celeb is in danger!

Based on the unofficial voting polls, two contestants are leading— Yashmi and Prerana. In many…

12 hours ago

Kings to revolutionaries: 7 period Telugu films on OTT that deserve all the love!

Movies have been a powerful medium of expressing the complicated and important events of history.…

12 hours ago

We aim at generating five lakh IT jobs in five years: Lokesh

Andhra Pradesh State IT and HRD Minister Nara Lokesh has said the government aims to…

16 hours ago