AP Budget 2024 25 - Summary
AP Finance Minister Buggana Rajendranath Reddy presented the AP Budget 2024-25 in the Andhra Pradesh Legislative Assembly on February 7. This important financial plan for the state focuses on managing resources wisely to support growth and development. The total revenue expenditure is estimated at ₹2,30,110.41 crore, with capital expenditure expected to reach ₹30,530.18 crore. The budget also forecasts a revenue deficit of about ₹24,758.22 crore and a fiscal deficit of around ₹55,817.50 crore.
Overview of AP Budget 2024-25
The Andhra Pradesh government unveiled a ₹2,86,389 crore budget for the financial year 2024-25, announced by Minister Buggana Rajendranath Reddy. This budget prioritizes key sectors with a revenue expenditure of ₹2,30,110 crore and capital expenditure amounting to ₹30,530 crore. The revenue deficit is projected at ₹24,758 crore, while the fiscal deficit stands at ₹55,817 crore, which is 3.51% of the state’s Gross State Domestic Product (GSDP). The revenue deficit percentage is 1.56%. Though the proposals cover the entire year, formal approval is expected between April and July. After the upcoming elections, the new government will present a full budget.
Important Highlights of AP Budget 2024
- Total budget size is ₹2,86,389 crore
- Revenue expenditure planned at ₹2,30,110 crore
- Capital expenditure of ₹30,530 crore to boost development
- Fiscal deficit estimated at ₹55,817 crore, 3.51% of GSDP
- Revenue deficit forecast around ₹24,758 crore
- Chance to present a comprehensive five-year budget
- Manifesto commitments remain sacred, as stated five years ago
- Governance inspired by Y.S. Rajasekhara Reddy’s dedication
- Economic policies guided by the wisdom of Kautilya
- Unprecedented achievements under the Jagan government
- Village and ward secretariats created with 1.35 lakh employees
- Welfare schemes delivered to every doorstep through volunteers
- New revenue divisions like Kuppam established to enhance administration
- Kuppam Police Sub-Division formed with six police stations, reflecting equal governance
Stay updated with the latest AP Budget 2024-25 to understand how these financial plans will shape the state’s future. You can also download the detailed PDF of this budget document from our website 📄. Access in-depth information and insights anytime by downloading the full AP Budget PDF.
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