Andhra Pradesh government presents budget with an outlay of ₹2.56 lakh crore
The Hindu: Finance Minister Buggana Rajendranath Reddy on Friday presented the Budget for 2022-23 with a proposed expenditure of ₹2.56 lakh crore. Recently, the Andhra Pradesh State High Court directed the State government to construct and develop Amaravati, the capital city of the State, and the capital region within six months. With the next assembly elections just two years away, the government has proposed creation of a ₹350 crore Special Development Package Fund, placing ₹2 crore at the disposal of each MLA. Veligonda project tunnel-1, Vamsadhara project phase-II, and inter linking of Vamsadhara- Nagavali are scheduled for completion by June 2022, he said, adding, “I propose an allocation of ₹11,482 crore for development of water resources in 2022-23.” In line with the NITI Aayog’s recommendation that the UN Sustainable Development Goals be integrated with the Outcome Budget Statement Model, he said, “ Andhra Pradesh aimed to become a leader among Indian states in achieving this integration to plan, monitor and evaluate the progress of interventions over a specified timeframe.”