AP Budget is realistic: Govt does a poll vault, gives more funds to welfare
Deccan ChronicleJagan Mohan Reddy-led government on Thursday presented the state Budget for 2023-2024 with a massive outlay of Rs 2.79 lakh crore of which more than 70 per cent will be mobilised from the state's own revenues, devolution of Central taxes and grants-in-aid. “Significantly, the Jagan Mohan Reddy government increased its expenditure by a whopping Rs 50,000 crore this year compared to 2021-2022. The Jagan Mohan Reddy government was also practical in projecting the grants-in-aid from the Centre which stood at Rs 46,834 crore which indeed is less than this year’s Rs 47,371 crore. The total borrowings of Rs 73,000 crore would be 13.5 per cent in excess of current fiscal’s Rs 64,000 crore but will be within the fiscal regulations imposed by the Centre.