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VIJAYAWADA: Finance minister Buggana Rajendranath on Thursday introduced the 2023-24 annual price range with an outlay of two.79 lakh crore. The authorities has put the income receipts at 2.06 lakh crore and capital receipts at 64,303 crore, taking the overall outlay to 2,79,279.27 crore. The 2022-23 price range had a complete outlay of two,56,256.56 crore.
With a complete earnings of two.79 lakh crore, the federal government has projected an equal quantity of expenditure, leaving a mere 177. 96 crore stability within the exchequer. There was a drop in income deficit this 12 months in comparison with earlier 12 months. While the income deficit was 29,107.56 crore within the revised estimates of 2022-23 price range, it has come right down to 22,316.7 crore within the 2023-24 estimates.
The authorities confirmed a slight enhance in income receipts this 12 months in comparison with that of the earlier 12 months. While the income receipts stood at 1,76,448.39 crore within the revised estimates of the price range final 12 months, it has gone as much as 2,06,224.01 crore this 12 months. There was additionally a rise in loans to the state from the central authorities, open market and different loans. Central loans, which had been at 5,500 crore within the earlier 12 months, at the moment are estimated to go as much as 6,522 crore.
Similarly, the open market loans had been proven at 73,055.26 crore in opposition to 64,303.71 crore within the earlier 12 months. This being the ballot price range for the state authorities, as it might be tabling solely a vote on account price range subsequent 12 months, the main target is on welfare and growth. The allocation for secondary schooling has gone up. to 29,690 crore.
This was adopted by allocation for backward lessons at 23,508 crore. Similarly, well being, medical and household welfare, panchayat raj and rural growth, social welfare, economically weaker sections’ welfare, agriculture advertising and marketing and cooperation departments too have acquired lion’s share within the price range allocations, indicating the priorities of the federal government. Water assets division was given 11,908 crore within the new price range in opposition to 998 crore allotted within the 2022-23 price range. The authorities mentioned it’s going to full the pending irrigation initiatives this 12 months and therefore the rise within the allocation.
With a complete earnings of two.79 lakh crore, the federal government has projected an equal quantity of expenditure, leaving a mere 177. 96 crore stability within the exchequer. There was a drop in income deficit this 12 months in comparison with earlier 12 months. While the income deficit was 29,107.56 crore within the revised estimates of 2022-23 price range, it has come right down to 22,316.7 crore within the 2023-24 estimates.
The authorities confirmed a slight enhance in income receipts this 12 months in comparison with that of the earlier 12 months. While the income receipts stood at 1,76,448.39 crore within the revised estimates of the price range final 12 months, it has gone as much as 2,06,224.01 crore this 12 months. There was additionally a rise in loans to the state from the central authorities, open market and different loans. Central loans, which had been at 5,500 crore within the earlier 12 months, at the moment are estimated to go as much as 6,522 crore.
Similarly, the open market loans had been proven at 73,055.26 crore in opposition to 64,303.71 crore within the earlier 12 months. This being the ballot price range for the state authorities, as it might be tabling solely a vote on account price range subsequent 12 months, the main target is on welfare and growth. The allocation for secondary schooling has gone up. to 29,690 crore.
This was adopted by allocation for backward lessons at 23,508 crore. Similarly, well being, medical and household welfare, panchayat raj and rural growth, social welfare, economically weaker sections’ welfare, agriculture advertising and marketing and cooperation departments too have acquired lion’s share within the price range allocations, indicating the priorities of the federal government. Water assets division was given 11,908 crore within the new price range in opposition to 998 crore allotted within the 2022-23 price range. The authorities mentioned it’s going to full the pending irrigation initiatives this 12 months and therefore the rise within the allocation.
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