Andhra Pradesh Unveils Ambitious Rs 3.32 Lakh Crore Budget for 2026-27

The Andhra Pradesh government presented a Rs 3.32 lakh crore budget for 2026-27, focusing on welfare and development. Key initiatives include establishing the AP Wealth Fund, major investments in education, health, and welfare schemes. The budget aims to revitalize economic growth amid significant fiscal challenges.

The Andhra Pradesh government has unveiled an ambitious budget of over Rs 3.32 lakh crore for the financial year 2026-27, marking a Rs 10,000 crore increase from the previous year. Finance Minister Payyavula Keshav highlighted the state's focus on balancing welfare and development while speaking in the assembly.

Among the highlights, the formation of the AP Wealth Fund parallels global funds like those in Norway and Abu Dhabi, intended to support economic stability. Investments in education, health, and various welfare schemes demonstrate the government's commitment to uplifting its population despite ongoing fiscal challenges.

The state's debt and fiscal deficits remain significant, projected to increase, but the administration has outlined several initiatives to stimulate growth, including an economic master plan for the Visakhapatnam Economic Region and the Rayalaseema Integrated Development Plan. Key allocations include education, healthcare, welfare schemes, and infrastructure development.

(With inputs from agencies.)