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INDIA NEWS NETWORK

AP Govt Presents ‘Election Budget’ For 2013 -14

In view of Assembly elections slated to be held in a year’s time, Andhra Pradesh Finance Minister Anam Ramnarayana Reddy presented an Election Budget with a total outlay of Rs 1,61,348 crore for 2013-14.

The tax free and revenue surplus record budget included a non-Plan expenditure of Rs 1,01,926 crore and Plan expenditure of Rs 59,422 crore.

The Budget for 2013-14 will entail in a revenue surplus of Rs 1,023 crore and a fiscal deficit of Rs 24,487 crore, resulting in a fiscal deficit of 2.85 per cent of gross state domestic product.

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