Finance Minister Anam Ramnarayan Reddy on Friday presented Rs 1,45,854 crore State budget for the financial year 2012-13.
While the Non-Plan expenditure is estimated at Rs 91,824 crore, the Plan expenditure has been estimated at Rs 54,030 crore. The estimated revenue surplus is Rs 4,444 crore and fiscal deficit is estimated at Rs 20,008 crore at 2.5 per cent of GSDP. The final accounts of 2010-11 show a revenue surplus of Rs 2,462 crore and fiscal deficit is well within the FRBM Act at Rs 11,803 crore which is 2.25 per cent of GSDP.
Presenting the budget in the House, Ramnarayan Reddy said that the State economy has been witness a strong growth phase since 2004-05. “Between 2005-06 and 2011-12, while the country’s economy grew at an impressive rate of 8.64 per cent, the performance of the State economy was even more impressive with the average growth of 9.26 per cent,” he said.
However, the minister admitted that during the current financial year, the economy has faced an favourable environment due to slowdown of growth both at national and international level, thereby affected the investment and consumption sentiment. “The State faced a severe drought during last year’s kharrif, apart from agitations that disrupted normal functioning for long periods,” he said. “Despite this, it is a compliment to the resilience and the dynamism of the people of the State that its economy continues to show significant positive growth trends over the last year,” he said.
The advance estimates of Gross State Domestic Product at constant prices for the year 2011-12 is Rs 4,07,949 crore as against the 2010-11 figures of Rs 3,81,942 crore. The growth in GSDP during 2011-12 is thus 6.81 per cent compared to the corresponding national figure of 6.88 per cent.
The Finance Minister said that the State has sought a financial assistance of Rs 3,006 crore from the National Disaster Response Fund for the drought hit areas of the State. In view of State’s continuing vulnerability to natural calamities like heavy rains, cyclones and drought, an amount of Rs 560.99 crore have been earmarked under the State Disaster Response Fund. Under the World Bank assisted National Cyclone Risk Mitigation Project (NCRMP), the State would create suitable infrastructure to mitigate the effects of the cyclones in the coastal districts of the State with an outlay of Rs 255 crore for the year 2012-13.
Ramnarayan Reddy said that the overall growth in tax revenues during the year 2011-12, upto January 2012, was 19.5 per cent. He hoped that the momentum of growth would be maintained over the remaining two months of the financial year.
Listing out the new schemes introduced the year, the minister skipped mentioning the exact budget allocations for all the schemes during his speech. However, he said Rs 777 crore have been provided across various departments for the Rajiv Yuva Kiranulu scheme which aims to provide skill upgradation and job placement of 15 lakh unemployed youth in private jobs by 2014. Further, Rs 1,075 crore have been allocated for ‘Vaddi Leni Runalu’ to provide interest free loans to the farmers and SHGs.
The government will spend Rs 1,800 crore over the next two years under the Indira Jala Prabha programme to dig one lakh borewells for cultivating 10 lakh acres of fallow lands spread over 22 districts. Rs 600 crore will also be spent under NREGS schemes.
The government has increased the budget allocation for the agriculture sector. As against the allocation of Rs 1,800 crore during 2011-12, this year the government would spent Rs 2,572 crore for the sector. Similarly, a provision of Rs 3,175 crore has been made for the Civil Supplies Department for 2012-13, as against the provision of Rs 2667 crore done last year. An amount of Rs 1106 crore is allocated for the department under budget 2012-13 which accounts for an increase of 34 per cent over the last year.
The budget allocation for fisheries department has been increased by 130 per cent to Rs 234 crore. Similarly, with an increase of 69 per cent over last year, al amount of Rs 188 crore has been allocated for the Sericulture department. The rural department got 28 per cent increase over the last year with Rs 4,703 crore.
The minister admitted that as against the allocation of Rs 15,010.05 crore during 2011-12, only Rs 8,459 crore have been spend up to January 2012. Therefore, the budget allocation is restrained at the same level as last year. But the State plan allocation for minor irrigation sector has been increased by Rs 414.47 crore, raising the plan allocation to irrigation sector to Rs 2,998.05.
Ramnarayan Reddy claimed that Andhra Pradesh was the third best investment destination after Gujarat and Maharashtra which have together attracted 54 per cent of the total live investment of Rs 120 lakh crore as on December 31, 2011. An outlay of Rs 633 crore has been proposed for the Industries Department during 2012-13, which is an increase of 78 per cent over the last year.
The allocation for the industries sector has been increased by Rs 100 crore and an outlay of Rs 151 crore has been proposed. Similarly, with 19 per cent increase, Rs 5,937 crore have been allocated for the Energy sector. The Transport, Roads and Buildings department got an increase in budget by 22 per cent to Rs 5032 crore.
The Urban Development sector too got a boost with a 30 per cent increase. For the year 2012-13, Rs 6,586 crore have been allocated for the urban development sector.
The government will spend Rs 15,510 crore for School Education, Rs 1,087 crore for Technical Education and Rs 1,841 crore for the Higher Education during the year 2012-13. However, the minister did not specify the budget for scholarships to students. But he mentioned that the government committed Rs 3,769 crore in 2010-11 and Rs 3,872 crore in 2011-12.
The allocation for Social Welfare has been increased by 14 per cent over last year and an amount of Rs 2,677 crore has been provided for the sector. The budget for the Tribal Welfare too got an increase by 26 per cent with an allocation of Rs 1,540 crore. But the Backward Classes Welfare got a 43 per cent hike with Rs 2,101 crore.
The government will spend Rs 2,283 crore for Women Welfare and Rs 66 crore for the Disable Welfare. The government has increased the budget allocation for Minorities Welfare by 62 per cent to take the figure to Rs 489 crore.
Rs 5,040 crore will be spent for Health, Medical and Family Welfare Department; Rs 2,303 crore for Housing; Rs 500 crore for Employment and Labour; Rs 220 crore for Sports. (INN)
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