Andhra Pradesh Finance Minister Buggana Rajendranath presented the state budget for 2023-24, announcing a total outlay of ₹3.32 lakh crore. The budget prioritizes infrastructure development, social welfare, and economic recovery post-pandemic. Key allocations focus on enhancing agricultural productivity, improving healthcare facilities, and boosting industrial growth across the state.
A notable feature is the ₹8.3 crore allocation for the VB G RAM-G initiative, signaling the government’s commitment to specialized development programs. The minister emphasized transparent fund utilization and promised robust monitoring mechanisms to ensure effective implementation of all projects.
The budget proposes significant investments in road connectivity, with ₹1,200 crore earmarked for highways and rural roads. Healthcare receives ₹3,500 crore, including funds for new medical colleges and digital health infrastructure. Education sector allocations prioritize skill development and school infrastructure upgrades.
Agriculture sector benefits with ₹5,000 crore credit facilities and subsidies for micro-irrigation. The budget also introduces tax incentives for startups and MSMEs to stimulate job creation. Opposition parties welcomed welfare measures but questioned the feasibility of ambitious spending targets amid fiscal constraints.
The Finance Minister highlighted the budget’s focus on inclusive growth, with special provisions for backward districts. Digital transformation initiatives receive ₹200 crore for e-governance expansion. Environmental sustainability is addressed through ₹150 crore for renewable energy projects and afforestation programs.
Image Source: Google | Image Credit: Respective Owner