Budget worth Rs 2.94 lakh crore presented in AP Assembly
The YSRCP boycotted the Budget session in the Assembly to protest against the Speaker who did not recognise YS Jagan Mohan Reddy as the Leader of the Opposition.
The state has recorded increased revenue collection and budget utilisation till January of the current fiscal showing improved overall fiscal performance in comparision to the corresponding period of the previous financial year, claimed official sources here on Monday.
A review in this regard was conducted by chief secretary Aditya Prasad Padhi on Monday. Padhi directed all departments to ensure 100 per cent utilisation of the budgeted allocations while focusing on the outcomes of the expenditures. The review showed an overall increase of around 8 per cent in total budget utilization on various programmes by the end of January in current financial year (2017-18) in comparison to the corresponding period of last financial year.
Total programme expenditure upto January, 2018 has been around Rs 36, 756 crore against Rs 34, 014 crore spent up to January, 2017. Budget utilisation in social sector has been Rs 16, 685 crore upto January of current year against total spending of Rs14,425 crore during the same period of last financial year, thereby showing an increase of around 16 per cent. Similarly, the expenditure in agriculture and allied sector has been around Rs.8486 crore which is around 0.15per cent more than the expenditure of the corresponding period of last year.
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Keeping in tune with the expenditure, the total revenue augmentation till January, 2018 has also increased by around 22 per cent in comparison to the corresponding period. The Total revenue collection upto January, 2017 was around Rs 22,895 crore which increased to around Rs 27,894 crore by January, 2018.
State Own Tax revenue grew by around 27 per cent with total collection of around Rs 21,959 crore and the Non- Tax Revenue grew by around seven per cent with total collection of Rs 5934 crore. The collection from mining increased to the tune of around Rs 46,98 crore thereby showing a growth of around 37 per cent over the corresponding period of the last year, informed official sources.
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