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CM Sets ₹1,34,208 Crore Revenue Target for 2025-26
The New Indian Express Vishakapatnam
|May 14, 2025
OBSERVING that the growth in State revenue is possible with deep analysis, Chief Minister N Chandrababu Naidu has directed officials to prepare plans based on the revenue trends of the past 30 years to ensure substantial development.
Naidu set a revenue target of ₹1,34,208 crore for the present financial year. He felt that tax evasion will be possible with the usage of technology.
During a review with the officials of revenue-generating departments at the State Secretariat on Tuesday, he underscored the need for an in-depth study on the opportunities to enhance the State revenue.
He noted that the electronics, IT and services sectors will play a crucial role in boosting the State's revenue. He expressed concern that though Andhra Pradesh ranks among the top States in gold consumption, the corresponding tax revenue is not proportionate. He instructed the officials to address this and implement strict measures to prevent tax evasion.
This story is from the May 14, 2025 edition of The New Indian Express Vishakapatnam.
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