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Friday, Feb 22, 2002

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Tax-free deficit budget in AP

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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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