11.05.21 Daily [Andhra Pradesh] APPSC Current Affairs

The Andhra Pradesh government on Thursday presented its annual budget for the financial year 2021-22 with an estimated expenditure of Rs 2.29 lakh crore and an estimated revenue of Rs 1.77 lakh crore.

He incorporated a ‘gender budget’ as well as a ‘child budget’ this year with an outlay of Rs 47,283 crore and Rs 16,748 crore respectively.

Further, the government has earmarked a whopping Rs 48,083.92 crore for 22 freebie schemes this year.

Three of these schemes that will cost Rs 16,899 crore will be implemented through the State Development Corporation.

While the estimated was Rs 5,000 crore, the Fiscal Deficit was estimated to be Rs 37,029 crore.

The state’s Public Debt will mount to Rs 3,87,125 crore in 2021-22 from Rs 3,55,874 crore the previous year as the government targeted to borrow Rs 50,525 crore afresh.

The gender budget has further been divided into two components, one of which has an outlay of Rs 23,463 crore to fully cover schemes targeted for Women and girls.