Andhra Pradesh Unveils Ambitious Budget for 2026-27 Amid Financial Recovery

Andhra Pradesh's government presented a budget exceeding Rs 3.32 lakh crore for 2026-27, emphasizing recovery from past financial mismanagement. Major investments include infrastructure, education, and welfare programs, alongside the launch of the AP Wealth Fund. A focus on economic growth and development marks this budget as a pivotal step forward.

On Saturday, the Andhra Pradesh government unveiled a comprehensive budget exceeding Rs 3.32 lakh crore for the fiscal year 2026-27. This budget comes as the state aims to recover from financial challenges inherited from previous regimes.

Finance Minister Payyavula Keshav emphasized the delicate balance between financial recovery and development. The budget introduces ambitious projects such as the AP Wealth Fund, modeled after global sovereign funds, and major investments totaling Rs 28,000 crore in the Visakhapatnam Economic Region.

Critical allocations include Rs 51,021 crore for the BC component and significant provisions for health, education, and welfare schemes. The government continues its recovery journey with the support of central government cooperation, fostering economic stability and growth.

(With inputs from agencies.)