Budget worth ₹ 2.94 lakh Cr presented in AP Assembly

The YSRCP boycotted the Budget session in the Assembly to protest against the Speaker

- STATESMAN NEWS SERVICE

The NDA government in Andhra Pradesh presented its Budget of Rs 2,94,427 crore for the financial year 2024-25 today in the Legislative Assembly with only about four months left before the current year comes to an end and Finance Minister Payyavula Keshav stating that the state economy was on the brink of collapse.

While the revenue expenditure was estimated at Rs 2,35,916.99 crore and capital expenditure at Rs 32,712.84 crore, the revenue deficit was pegged around Rs 34,743.78 crore and the fiscal deficit at Rs 68,742.65 crore. While the revenue deficit will be around 2.12 per cent of the GSDP, the fiscal deficit will be around 4.19 per cent of GSDP.