Andhra Pradesh Finance Minister Buggana Rajendernath presented the annual budget for the year 2022-23 in the state legislature on Friday. The budget was presented with a total expenditure of Rs 2,56,256 crore emphasizing welfare. The state, which has been hit hard by the pandemic, saw a decline in revenue expenditure of Rs 2,08,261 crore and capital expenditure of Rs 47,996 crore.
“The estimated revenue gap is around Rs 17,036 crore and the budget gap is around Rs 48,724 crore, the finance minister said, adding that the budget gap would be around 3.64% of GDP. , while the revenue shortfall amounts to about 1.27 percent of GDPP.” informed the Minister of Finance.
In the budget, the YS Jaganmohan Reddy government kept its social protection programs front and center.
Out of an allocation of Rs 45,955 crore, education received Rs 30,077 crore, health Rs 15,384.26 crore, urban development Rs 8,796 crore, social security Rs 4,331.85 crore and social security Rs 4,331.85 crore.
School education received Rs 27,706.66 crore which is 12.52% more than the previous year.
The budget for children and gender has been allocated Rs 4,322.86 cores, Rs 18,518 crore for SC sub-plan Rs 6,145 crore for ST sub-plan, Rs 29,143 crore for BC sub-plan Rs 3,661 crore for Minority Welfare and Rs 3,537 crore for Kapu Welfare.
For the Pedalandariki Illu Rs 4,791.69 crores has been allocated. So far, Rs 1,146.7 crore has been disbursed to beneficiaries including the cost of materials, he said.
“We have set in motion changes through Navaratnalu and the social protection schemes mentioned in the manifesto of the Social Inclusion Party to make our state a leader in all SDGs (Sustainable Development Goals)”, a- he declared.
The finance minister quoted verses extensively from indigenous poets Sri Sri, Gurazada, Vemana and Kalidas, among others, in addition to Nobel Prize winner Muta Maathai internationally.
Rs 69,306.74 crore was allocated to economic services, i.e. 27.05% of the total budget expenditure, Rs 1,13,340.20 crore was allocated to social services, 44.23% of the budget and the rest to general services .
Rs 18,518 crores was allocated for the planned caste sub-plan in the 2022-2023 budget estimates, while it was Rs 13,835 crores in the previous year’s allocation.
Rs 6,145 crores has been allocated to the tribal sub-plan for the current year while it was Rs 5,318 crores in the previous year. The British Columbia sub-plan was allocated Rs 29,143 crore down from Rs 28,238 the previous year. Minority Action Sub-plan received Rs 3,662 crore (previous year Rs 3,077 crore), Kapu Welfare Rs 3,532 crore (Rs 3,306 crore) and EBC Welfare Rs 6,669 crore ( Rs 3,743 crores).
The budget allocated Rs 48,802.71 crore for DBT programs in 2022-23 while it was Rs 39,615.98 crore in the previous year. YSR Pension Kanuka received Rs 18,000.90 crore, YSR Rythu Bharosa Rs 3,900 crore, YSR Aasara Rs 6,400 crore, YSR Cheyuta Rs 4,235.95 crore, Amma Vodi Rs 6,500 crore, Jagananna Vidya Deevena 2,500 crore rupees, Jagananna Vasati Deevena (MTF) 3.2 crore rupees. , YSR – PM Fasal Bima Yojana Rs 1,802.04 crores, YSR Interest-free loans to self-help groups Rs 600 crores, YSR Interest-free loans to urban self-help groups Rs 200 crores, YSR Interest-free loans to farmers Rs 500 crores , YSR Kapu Nestham Rs 500 crores, YSR Jagananna Chedodu Rs 300 crores, YSR Vahana Mitra Rs 260 crores, YSR Nethanna Nestham Rs 199.99 crores, YSR Matsyakara Bharosa Rs 120.49 crores, Diesel subsidy to fishing boats Rs 50 crores, Exgratia to Farmers Rs 20 crores, Law Nestham Rs 15 crores and Jagananna Thodu Rs 25.01 crores.
Other budget allocations include Rs 3,100 crore for Rice Subsidy (Human Resource Development), Rs 200.02 for Home Delivery of Rice. On the industries front, Industrial Promotion Incentives for Micro Small and Medium Enterprises (MSMEs) received Rs 450 Crore, Industrial Promotion Incentives Rs 411.62 Crore, ADB (Asian Development Bank) – Visakhapatnam-Chennai Industrial Corridor Development Program (APRDC Component Rs 250 Crores) (APIIC Component – Rs 236.86 Crores), SC Entrepreneur Incentives for Industrial Promotion Rs 175 Crores, IT and Electronic Industries/Organizations Incentives Rs 60 crores and YSR Bima Rs 372.12 crores. Others include Rs 1,149.93 Crores for Jal Jeevan Mission (JJM)/National Rural Drinking Water Mission and Rs 500 Crore for Swachh Bharat Mission – Gramin.
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