Andhra Pradesh Unveils Ambitious Budget
The Andhra Pradesh government announced a budget of Rs 2.94 trillion for FY25, focusing on reviving the state's financial stability. Key allocations include Rs 16,739 crore for rural development and Rs 29,909 crore for education. A fiscal deficit of Rs 68,742 crore is anticipated.
- Country:
- India
The Andhra Pradesh government's recent budget presentation detailed a total of Rs 2.94 trillion for fiscal year 2025. Focused on overcoming the state's financial challenges, the budget emphasized investments in rural development and education.
Finance Minister Payyavula Keshav highlighted a significant revenue deficit of Rs 34,743.38 crore and a fiscal deficit of Rs 68,742.65 crore, aiming to stimulate economic growth.
With notable allocations, including Rs 16,739 crore for Panchayat Raj and Rural Development and Rs 29,909 crore for school education, the plan promises substantial support for critical sectors.
(With inputs from agencies.)
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