Annual budget of Rs 1.56 lakh crore was proposed for the year 2017-18.
The 2017-18 Budget Estimates entail an overall increase of around 15.77 percent over the 2016-17 budget estimates.
The allocation for industrial sector has been increased by a substantial 113% over last year.
Proposed an expenditure of Rs. 1, 56,999crore, with revenue expenditure estimated at Rs.1,25,912 crore and capital expenditure estimated at around Rs.31,087 crore (which includes Rs.8,009 crores towards principal repayment of Public Debt).
The revenue expenditure is estimated to increase by around 10.28 per cent over the 2016-17 financial year.
The capital expenditure is estimated to grow by around 44.54 per cent over the 2016-17 financial year.
The estimated Revenue Deficit is around Rs. 416 crore
The Fiscal Deficit is estimated at around Rs. 23,054 crore.
The fiscal deficit will be around 3 per cent of the GSDP.
The Revenue Deficit would be around 0.05 per cent of the GSDP.
An allocation of Rs. 9,847 crore has been proposed towards SC component (earlier sub-plan) and Rs. 3,528 crore towards ST component (earlier sub-plan) for the financial year 2017-18.
Allocated Rs.9,091 crore constituting 5.79% of total budgetary allocation to Agriculture and Allied Sectors.
Allocated Rs. 19,565 crore to Rural Development which is 12.46% of total budgetary allocation,
Allocated Rs. 12,770 crore to Irrigation Sector comprising 8.13% of total budgetary allocation.
Disbursed Rs. 11,000 crore to 55 lakh farmer accounts till date.
Proposed Rs. 3,600 crore in the current budget of 2017-18 for the next instalment of debt redemption for farmers.
A.P.contributed nearly 70% of total cultured prawn production besides having a lion’s share of 45% in total seafood exports of the country. A.P stood first in the country for the last three years both in production and value.
Eight mega food processing parks are being planned by private firms in the State. While five of the food parks are expected to come up in the four Coastal Districts of Srikakulam, Vizianagaram, Visakhapatnam and East Godavari, three of them are being planned in the Rayalaseemsa districts of Chittoor, Kurnool and Ananthapuram.
A.P.is the second largest producer of fruits.
An allocation of Rs. 75 crore is proposed for Brahmin Welfare Corporation.
An allocation of Rs. 1,000 crore is proposed for for Kapu Corporation.
The honorarium given for the welfare of Pesh Imams and Mouzans of 5,000 no-income mosques, is Rs.5000/- and Rs.3000/- per month.
The eligible subsidy under the scheme of Pilgrimage to Holy Land of Jerusalem and other Biblical places is enhanced from Rs 20,000 to Rs 40,000 per pilgrim.
The maximum permissible amount for construction of new Churches is also enhanced from Rs.1,00,000 to Rs.3,00,000.
Rs. 35 crore has been proposed for AP State Christian Finance Corporation in the Budget.
Government of Andhra Pradesh proposes to undertake construction of 1,10,000 houses for the year 2017-18.
For the development of Visakhapatnam, Kakinada and Tirupati under National Smart City Missions Rs 450 crore is proposed in Budget.
State Government is developing 13 more Smart Cities viz., Vizianagaram, Eluru, Vijayawada, Guntur, Ongole, Kurnool, Ananthapur, Kadapa, Nellore, Machilipatnam, Chittoor, Rajahmundry, Srikakulam.
World’s largest solar park will be commissioned in Kurnool district during 2017.
Four more Solar Parks with a capacity of 1,000 MW each will be completed by 2018-19.
The State will achieve a capacity of 5,000 MW from wind by 2018-19.
CONCOR has taken up work of Logistics Parks at Visakhapatnam, Krishnapatnam and Kakinada.
Following are major allocations for social welfare:
For PDS Rs. 2,800 crore
Towards Aadhar linked Pensions, Rs. 4,376 crore
To provide clean drinking water under NTR Sujala Sravanthi, Rs. 100 crore
For subsidising electricity supply to the poor, Rs.3,300 crore
Towards housing for the rural and urban poor, Rs1,456 crore
Under Dr.NTR Vaidya Seva, Rs.1,000 crore
For Skill Development, Rs. 398 crore
For rural roads, Rs. 262 crore
Debt relief Rs. 3,600 crore
Capital infusion to DWACRA groups Rs. 1,600 crore
Mahila Sadhikarana Samstha Rs. 400 crore
LPG Connection forwomen in rural areas, Rs. 350 crore
Anna Canteen Rs. 200 crore
Assistance to unemployed youth Rs. 500 crore
Home Department 5,221 Crores
Horticultre Department 1,015 Crores
Agriculture Development 7,342 Crores
Livestock Sector 1,112 Crores
Fisheries Department 282 Crores
Agriculture & Allied 9,091 Crores
Forest Department 383 Crores
Industries Department 2,086 Crores
IT & EC Department 364 Crores
Tourism 285 Crores
Culture Department 72 Crores
Social Welfare 3,685 Crores
SC Welfare 9,847 Crores
Tribal Welfare 1,814 Crores
ST Overall Development 3,528 Crores
BC Overall Development 10,000 Crores
Minority Welfare 840 Crores
Women & Children Welfare 1,773 Crores
MGNREGS 6,562 Crores
Rural Water Supply 1,575 Crores
Pensions 4,376 Crores
Panchayat Raj & Rural Development 21,140 Crores
Secondary Education 17,197 Crores
Higher Education 3,513 Crores
NTR Vaidya Seva Scheme 1,000 Crores
Health & Family Welfare 7,021 Crores
Urban Development 5,207 Crores
Energy & Infra 4,311 Crores