Don’t go searching for papers ! Here are the important details of Andhra Pradesh Budget 2015-16 !!

yanamala ramakrishnudu andhra budgetHere are the important details of the Andhra Pradesh budget 2015 -16, produced verbatim from Yanamala Ramkrishnudu’s budget speech.

On 14th Finance commission: The State continues to reel under revenue deficit and this deficit continues even after the last year of the award of 14th Finance Commission. Our debt burden and fiscal deficit will continue to increase as we keep borrowing to meet revenue expenditure. We had requested 14th Finance Commission to provide us with a grant of Rs.1,00,213 crore for Capital Construction and Rs.41,253 crore for other critical infrastructure requirements. The 14th Finance Commission has provided only Rs.22,113 crore as revenue deficit grant and Rs.1,823 crore towards Disaster Management. As against the requirement of Rs.29,805 crore for Urban Local Bodies projected by us only Rs.3,636 crore has been provided and for Rural Local Bodies as against the requirement of Rs.18,633 crore only Rs.8,654 crore have been provided.

AP budget sector wise allocationsOn Tax: GDP ratio ( On how Andhra citizens are less taxed) It is a matter of significance that the projected Tax-GSDP ratio as per the report of 14th Finance Commission for Andhra Pradesh is 7.98% where as for Telangana it is 9.99% for the year 2015-16. This ratio is expected to go up to 8.41% by the year 2019-20 for Andhra Pradesh where as by the same year the ratio for Telangana is expected to touch 10.26%.

On Budget size: Though the total increase in the size of the Budget from Rs.1,11,823 crores to Rs.1,13,048 crores is only 1.1%, the increase in Plan Budget from Rs.26,672 crores to Rs.34,412 crores which is 29.02 % and increase in capital budget from Rs.7,069 crores to Rs.9,818 crores which is 38.88% is a significant achievement . We have actually been able to bring down non-plan expenditure from Rs.85,151 crores to Rs.78,636 crores and non-plan Revenue expenditure from Rs.78,976 crore to Rs.73,223 crores

On GDP growth rates: Gross State Domestic Product (GSDP) at Current Prices for the year 2014-15 (Advanced Estimates) is estimated at Rs.5,20,030 crore as against Rs.4,64,183 crore (FRE) for 2013-14 indicating a growth of 12.03%. The GSDP at Constant (2004‐05) Prices for the year 2014-15 is estimated at Rs.2,64,521 crore as against Rs.2,46,724 crore for 2013-14 indicating a growth of 7.21%. At constant prices, the Agriculture sector, the Industry and the Services sectors registered a growth of 5.90%, 5.25% and 8.48% respectively during 2014-15.

Per capital income : The provisional estimates of per capita income at current prices for the year 2014-15 is Rs.90,517 as against Rs.81,397 in 2013-14 registering a growth of 11.21%. The per capita income at constant (2004‐05) prices for the year 2014-15 is estimated at Rs.44,831 as against Rs.42,170 in 2013-14 registering a growth of 6.31%.

On Higher education: Efforts are being made for the establishment of National Level Educational Institutions viz., IIM, IIT, IISER, IIIT, NIT, Central University, Petroleum University, Agricultural University, National Institute of Disaster Management and Tribal University before the starting of the next academic year as a part of meeting the objectives.

On Ports: Andhra has one Major Port at Visakhapatnam and 14 Non Major Ports. The four non Major Ports viz., Kakinada Anchorage Port, Kakinada Deepwater Port, Krishnapatnam Port and Gangavaram Port and one captive port at Ravva are in. The Government proposes to develop Machilipatnam port under PPP mode. Government have also decided to develop 14 Minor Ports under PPP mode which include Bhavanapadu and Kalingapatnam in Srikakulam District and Narsapur in West Godavari District. There is a proposal from Government of India for establishment of a Second Major Port in the State for which the Government of AP have conveyed consent to provide the available govt. land as equity. One more commercial port in private sector at Kakinada is also expected to come up.

ap revenue receipts

On Airports: We are extending support to Airport Authority of India for expansion of

  1. modernization of existing Airports at Vijayawada, Rajahmundry and Tirupathi.
  2. There is a proposal for development of Greenfield airport at Bhogapuram, Vizianagaram District.
  3. Further, it is proposed to develop No-frills airports at Nagarjuna sagar, Guntur District and Donakonda, Prakasam district and to develop Regional airports at Kuppam, Chittor district, Dagadarthi,Nellore district and Orvakallu,Kurnool district.

Alternative energy:  The Government is developing 2500 MW capacity solar power parks in Ananthapuram, Kurnool & Kadapa Districts.

Manufacturing: Government of India have accorded an in-principle approval for setting up of National Investment and Manufacturing Zones (NIMZ) in Chittoor District in an extent of 5,000 to 6,000 Hectares. The NIMZ will be developed as integrated industrial township with state of the art infrastructure. The estimated investment flow to NIMZ is expected to be around Rs.30,000 crore and employment potential would be 3 lakh. The Land acquisition in Chittoor District is in progress.

Tourism:

  1. Bhavani island near Vijayawada will be developed as a major tourist destination.
  2. APTDC have started new beach resorts at Baruva, Kalingapatnam (Srikakulam) Kakinada, Ramayapatnam (Prakasam), Tummalapenta (Nellore) during 2014-15.
  3. Beach resorts at chintapally(vizianagaram) will be completed by June, 2015. Eco-tourism and temple tourism will also be promoted with a view to revive and promote Art, Craft and Culture of Andhra Pradesh.
  4. New Shilparamams have been sanctioned in Srikakulam, Vizanagaram, East Godavari (Kakinada), West Godavari  (Eluru),  Krishna,  Prakasham,  Guntur,  Nellore, Ananathapur, Kadapa & Kurnool. The 1st phase will be completed by June, 2015.
  5. Tourism and Culture festivals will be conducted in all Districts.
  6. Government is going to start a New Academy for Kuchipudi Dance called “Kuchipudi Natyaramam” at Kuchipudi Village, Krishna District.
  7. Government is planning to revive three Academies, Viz. Sangeetha Nataka Academy, Sahitya Academy, Lalitha Kala Academy. It is proposed to Construct Tagore Cultural Complex at Kakinada.

Information Technology: For incubating Start-up companies, Government has set up a facility namely Sunrise Startup Technology Research and Incubation Park (TRIP) at Madhurawada IT Lay Out in Visakhapatnam and so far 50 Start-up companies are incubated. Government of India has given consent for setting up of two Electronic Manufacturing Clusters at Ananthapur & Sricity, Chittoor.

On environment and forests: The National Forest Policy envisages 33% tree cover. The total tree cover in the State is 25.64 % and the gap is 7.36%. To bridge the gap massive afforestation programs are planned. Action has been initiated to raise 50 Cr nursery seedlings for afforestation in next rainy season.

 

 

 

 

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