Highlights of AP Budget 2016-17

The Finance Minister of Andhra Pradesh, Mr. Yanamala Ramakrishnudu presented the Annual Budget for 2016-17 in the Andhra Pradesh Legislative Assembly on March 10th. The Government has designed the e-budget for the first time, which has been provided to the Legislators through tabs.

Andhra Pradesh government on Thursday presented its annual budget for the year 2016-17 proposing an expenditure of Rs 1,35,689 crore, an increase of around 20 per cent compared with the previous budget, while substantially increasing the plan outlay .

Finance Minister Yanamala Ramakrishnudu said the rise in plan outlay by 42 per cent in the new budget was in line with the trend of increased plan and capital expenditure being seen in the current year.

The government has projected an estimated revenue deficit of Rs 4,868.26 crore for the year 2016-17, which is slightly higher than the revised revenue deficit estimate of Rs 4,140 crore for the current year. However, both these numbers are substantially lower compared to the originally estimated revenue deficit of Rs 7,299.78 crore for 2015-16 and around Rs 14,000 crore in 2014-15.

"I am confident that the 2016-17 budget will contribute to the growth momentum and ensure sustained double-digit growth for many years to come. It will open new vistas of opportunities to all sections of the society," the minister said while listing out various initiatives and schemes of the government and corresponding allocations in his two-hour speech in the state legislative assembly.

The proposed expenditure of Rs 1,35,689 crore includes a non-plan expenditure of Rs 86,554.55 crore and a plan expenditure of Rs 49,134.44 crore. "While the non-plan expenditure is estimated to increase by around 10.07 per cent, the plan expenditure is estimated to grow by around 42.78 per cent over the 2015-16 financial year," the minister said adding that the increase of plan size indicates a healthy growth in productive expenditure in the state.

The rise in plan outlay comes on the back of higher allocations to the irrigation and near- doubling of the outlay for the social sectors. The government has raised the plan outlay for irrigation sector to Rs 7, 325 crore from Rs 4,678 crore(budget estimate) in 2015-16. Similarly the plan outlay for social sectors, including housing, has been increased to Rs 21,556.97 crore as compared with the revised estimated expenditure of Rs 10,545 crore in the current year.

The government has made liberal allocations to the welfare schemes targeting scheduled casts, scheduled tribes and backward class communities as it has now only one more full budget to present before the next assembly elections that arrive in 2019. The allocations to social sector schemes include close to Rs 3,000 crore for social security pensions, close to Rs 4,000 crore towards waiver of farm loans and Rs 2,700 crore for public distribution system among other things

On the new capital city, Amaravati, the finance minister Ramakrishnudu said he has provided Rs 1,500 crore in the new budget, which would be used as seed equity enabling the Capital Region Development Authority (CRDA) to mobilise additional resources required for capital construction from infrastructure financing institutions and the market .

Explaining about the performance of various sectors, the minster stated that the government's efforts have resulted in a significant industrial growth of 11.13 per cent in current year. This growth has come from all the components of the industrial sector, namely 10.82 per cent in manufacturing, 10.98 per cent in mining and quarrying, 16.69 per cent in electricity, gas and water supply and 9.46 per cent in construction, according to him. Services sector grew 11.39 per cent and the government expects a higher growth of 15-16 per cent in the year 2016-17.

Highlights of AP Budget 2016-17:

* The total Budget estimate for 2016-17 is Rs. 1,35,000 crores.

* Non-plan Expenditure is Rs. 86,554.55 crores.

* Planned Expenditure is Rs. 49,134.44 crores.

* The current budget growth is about 20.13 per cent compared to last year’s budget.

* Revenue Deficit for 2016-17 is estimated to be Rs. 4,868 crores.

* Actual deficit for 2016-17 is Rs. 20,497 crores.

* State’s own revenue increased by 16 per cent.

* Law and Order – Rs. 4,785.14 crores.

* Land Administration – Rs. 3,119.72 crores.

* Rs. 1,500 crore for the construction of Amaravati.

* Rs. 3,100 crore for Smart Wards and Villages.

* Rs. 320 crore for Sanitation.

* Rs. 4,728.95 crore for Urban Administration.

* Rs. 4,764.71 crore for Employment Guarantee Scheme.

* Rs. 1,195.63 crore for rural water supply.

* Rs. 4,467 crore for rural development.

* Rs. 215 crore to the Ministry of Sports.

* Rs. 1000 crore for Kapu Corporation.

* Rs. 65 crore for Brahmin Corporation.

* Rs. 710 crore for the welfare of Minorities.

* Rs. 8,832 crore for the welfare of BC.

* Rs. 3,100 crore for the welfare of STs.

* Rs. 8.724 crore for the welfare of SCs.

* Rs. 252 crore for Youth Empowerment.

* Rs. 642 crore for Women Empowerment.

* Special Project for Women Empowerment.

* Rs. 1,132 crore for housing.

* Rs. 4,020 crore for Energy security.

* Rs. 150 crore for the safety of the road safety.

* Rs. 3,184 crore for development of roads.

* Rs. 250 crore for Krishna Pushkaralu.

* Rs 227 crore to the Ministry of Tourism.

* Rs. 360 crore for Information Technology.

* Rs. 772 crore for ICDS scheme.

* Rs. 2,933 crore for Medical and Health.

* Rs. 2,642 crore for Higher Education.

* Rs. 17,502 crore for Primary Education.

* Rs. 127 crore for the Handloom sector.

* Rs. 100 crore to the food industry.

* Rs. 147 crore for the silk industry (Sericulture).

* Rs. 659 crore for the Department of Horticulture.

* Rs. 3,660 crore for Polavaram project.

* Rs. 7,325 crore for Irrigation Department.

* Rs. 674 crore for Minor Irrigation sector.

* To create 5 lakh jobs in manufacturing zones.

* To complete the mission of electrifying 4.6 lakh homes by June 2016.

* Target of 4,800 MW of additional power generation in the next 3 years.

* 5000 hectares of national investment and manufacturing zone in Chittoor.

* 1.87 crore LED Bulbs to 93.5 lakh houses.

* Setting up of Industrial zone with an investment of Rs. 23,000 crores in 5079 acres in Donakonda of Prakasam district.

* Rs. 377 crores for new Entrepreneurs.

* Training to one lakh people as a part of Skill Development.

* Green Field Airports in Bhogapuram, Dagadarti, Orvakallu, Nagarjunasagar and Donakonda.

* To build 1,20,000 houses under Prime Minister Awas Yojana. Already 73,041 have been approved by the Central Government.

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