Andhra Pradesh Approaches Budget Session Amidst Vote-on-Account Dynamics

The Andhra Pradesh government is set to present the state budget, following two Vote-on-Account budgets that covered eight months of FY 2024-25. Previously, the TDP-led NDA promulgated an ordinance for a budget covering August to November, as the Finance Department prepares for the upcoming budget with extensive consultations.

The Andhra Pradesh government is poised to unveil the state budget during the assembly session starting Monday, sources revealed. This announcement comes as the financial year 2024-25 approaches its final quarter.

Earlier, the TDP-led NDA administration passed an ordinance to implement a Vote-on-Account budget of Rs 1.3 lakh crore spanning August to November. Preceding this, the YSRCP government had introduced another Vote-on-Account budget covering April to July.

The issuance of two Vote-on-Account budgets highlights the transitional nature of the fiscal year, accounting for a significant eight-month period. The Finance Department, working in tandem with various departments, is assessing liabilities and resources with inputs from revenue sectors, necessitating additional time for presenting the regular budget.

(With inputs from agencies.)