Financial Daily from THE HINDU group of publications
Friday, Feb 22, 2002
Financial Daily from THE HINDU group of publications Friday, Feb 22, 2002 |
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Budget Government - States Tax-free deficit budget in AP Our Bureau
HYDERABAD, Feb 21 THE Andhra Pradesh Government today presented a tax-free budget for 2002-2003, projecting a deficit of Rs 85.68 crore. Promising to make the budget `interactive', the Finance Minister said allocations of some vital departments had been modified based on feedback received from various quarters since the `draft budget' was placed for public debate last month. The annual plan outlay for 2002-03 has been pegged at Rs 10,082.70 crore, an increase of 12.14 per cent over last year. The budget projected a Plan expenditure of Rs 11,299.50 crore and non-Plan expenditure of Rs 28,120.50 crore, resulting in a revenue deficit of Rs 2,481.83 crore, accounting for 1.5 per cent of the gross State domestic product (GSDP).
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