Brief by Shorts91NewsDesk / 02:23am on 28 Feb 2025,Friday India
On February 28, 2025, Andhra Pradesh's Finance Minister Payyavula Keshav presented a ₹2.94 lakh crore budget for the fiscal year 2025-26. The budget allocates ₹29,909 crore to school education, ₹18,421 crore to healthcare and family welfare, and ₹16,739 crore to Panchayat Raj and rural development. Revenue expenditure is projected at ₹2,35,916.99 crore, with capital expenditure at ₹32,712.84 crore. The estimated revenue deficit stands at ₹34,743.38 crore (2.12% of GSDP), and the fiscal deficit at ₹68,742.65 crore (4.19% of GSDP). The government emphasizes infrastructure development, including the revitalization of Amaravati as the state's capital.
