Andhra Pradesh Finance Minister Anam Ramnarayana Reddy on February 23, presented state annual budget for 2011-12 in the Assembly amid protests from some opposition parties and MLAs from YS Jaganmohan Reddy faction. The annual budget for the state was pegged at Rs 1,28,542 crore, with Government projecting a revenue growth of 20 per cent for the forthcoming financial year.
Of this, non-plan expenditure formed lion share with Government allocating Rs 80,984 crore while the allocations for planned expenditure stood at Rs 47,558 crore. The budget deficit is Rs 17,600 crore while the revenue surplus is Rs 3,826 crore.
While reiterating the Government’s commitment to continue welfare and development schemes introduced by Dr Y S Rajasekhara Reddy, the Finance Minister said the Government allocated Rs 15,010 crore for irrigation sector. The other allocations include Rs 4,108 crore for Roads & Buildings, Rs 1230 crore for Tribal Welfare, Rs 2,500 crore for Civil Supplies, Rs 2,500 crore for subsidized rice scheme, Rs 4,980 crore for energy, Rs 5,040 crore for health and Rs 2,104 for social welfare.
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