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Amaravati Will Be Self-Financing Project
The Statesman
|March 01, 2025
Andhra Pradesh government today announced that Amaravati will be a self-financing capital city project without any state budgetary assistance as the finance minister Payyavula Keshav presented an annual Budget for 2025-26 with a total outlay of Rs3,22,359 crore.
The revenue expenditure was estimated at Rs2,51,162 crore and the capital expenditure at Rs40,635 crore. He also slammed the YSRCP regime in his speech, claiming the state witnessed steep drops in industry and employment.
The previous YSRCP government had stopped the capital city project, arguing that it had no funds to spare for Amaravati, although N Chandrababu Naidu, then as Opposition leader, had iterated several times that it was a self-financing project.
This story is from the March 01, 2025 edition of The Statesman.
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