Andhra Pradesh's Ambitious Budget Unveiled: Focus on Revival and Development

The Andhra Pradesh government announced a budget of Rs 2.94 lakh crore for 2024-25, focusing on reviving the state's economy. Key allocations include Rs 29,909 crore for education, Rs 18,421 crore for healthcare, and Rs 11,490 crore for urban development. The budget aims to eradicate poverty and promote sustainable growth.

The Andhra Pradesh government introduced a bold budget proposal of Rs 2.94 lakh crore for the fiscal year 2024-25, emphasizing economic revival and sustainable development. The announcement, made by Finance Minister Payyavula Keshav, outlined significant investments in education, healthcare, and urban development.

As the state faces a revenue deficit of Rs 34,743 crore and a fiscal deficit of Rs 68,743 crore, Keshav stated that the financial plan aims to reignite the financial engines of the state. He affirmed the NDA government's commitment to poverty eradication and welfare support for marginalized communities.

Highlighting the budget's priorities, substantial allocations were made for the Panchayat Raj, Water Resources, and Transport sectors, alongside a new clean energy policy to foster sustainability and energy transition. Additionally, Keshav signaled a move towards reconstructing state infrastructure neglected by the previous administration.

(With inputs from agencies.)