Budget Passed in Andhra Pradesh
Andhra Pradesh witnessed passing of budget for the final time before the assembly elections in 2014. As usual the budget allocations saw thrust on welfare measures to win the good will of the people. Budget saw hike in allocations in welfare and other social services sectors and marginal increase in economic services.
Finance Minister Anam Ramanarayana Reddy presented a tax-free, revenue-surplus budget with an overall expenditure of over Rs.1.61 lakh crore (nearly $30 billion), an increase of 10 percent over 2012-13 budget.The overall expenditure for the year 2013-14 would be Rs.1,61,348 crore, comprising Rs.1,01,926 crore under non-plan and Rs.59,422 crore under plan heads.
Minister set target to attain growth of 6 percent for agriculture, 10.5 percent for industry and 11.5 percent for services leading to an overall growth target of 10 percent for the 12th plan.