11 March 2016
AP budget 2016-17 took a big hike. Though the AP state continues to carry a 14000 crore deficit after bifurcation, state Finance Minister, Yanamala Ramakrishnudu presented the first e-Budget for Rs. 1,35,689 with a betterment of 20 percent when compared to the last year. But the estimated shortfall of Rs. 20,497 crore and a revenue shortage of Rs 4,868 crore. The budget plan is all set to go up by 42.8 percent to Rs 49,134.4 crore while the non-plan expenditure will grow by 10 per cent to Rs 86,554.6 crore in 2016-17. After the irrational bifurcation of the state, the leftover piece of AP state faced an incredible impact. With the state’s separation, AP carried a deficit of Rs 13,897 crore, inherited from 2014-15, receiving 46 per cent of the revenues of the combined entity with 58.3 per cent of its population.
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Finance minister said that the state’s bifurcation curse however haunts AP for at least another 4-5 years and central government needs to step up and support the state with special grants. On the positive side, budget has shown a 20 percent growth in its allotments this time. This budget also emphasizes more on the agriculture.
District level Allotments:
1. 5 Greenfield airports are approved for
2. Bhogapuram, Dagadarthi (Nellore), Orvakallu (Kurnool), Nagarjunasagar and Donakonda (Prakasam)
3. Industrial Nodes for:
• Chennai-Bengaluru Industrial Corridor,
• Kurnool-Benguluru Industrial corridor,
• Visakahapatnam, Kakinada,
• Srikalahasti- Yerpedu corridor and
• Gannavaram- Kankipadu for the Vizag Chennai Industrial Corridor
4. Convention Centres are issued for
• Vijayawada Regional Science Center –
• Visakhapatnam and Anantapuram Regional Center
• Integrated Sports Complexes at Tirupati, Visakhapatnam and Vijayawada
• National Investment Manufacturing Zone (NIMZ) at Prakasam and Chittoor districts with an investment of Rs 43,700 crore and Rs 30,000 crore respectively.
• World Class incubator at Tirupati with Rs 100 crore
• Cyber School of Excellence –at Tirupati with Israel partnership
• New cultural auditoriums –for Tirupati, Vijayawada and
• Visakhapatnam Mega Industrial Hub
5. Orvakallu (Kurnool) in 27,788 acres with Rs 40,000 crore investment Science City
6. Amaravati and Coastal Museum at Vijayawada; Cultural complex - Kakinada
7. Peninsular Region Industrial Development Corridor (PRIDE) project – Donakonda (Prakasam) in 5,779 acres with Rs 23,000 crore investment Port development through PPP.
8. Machilipatnam and Bhavanapadu Museums to promote Tourism
9. Visakhapatnam, Vijayanagaram and Eluru Multi-Model Logistic Parks - Kakinada, Krishnapatnam and Visakhapatnam