Andhra Pradesh Governor S Abdul Nazeer has on Wednesday promulgated an ordinance providing for a vote on account budget for the State for four months from August 1 to November 30, 2024, with an outlay of ₹1,29,972 crore. 

The N Chandrababu Naidu - led NDA Government in the State had decided to go for a second vote on account budget in the current financial year of 2024-25 in view of the `lack of clarity’ on state finances managed by the previous YSR Congress Party Government led by Y S Jagan Mohan Reddy and the debt burden.

Earlier, in February, the then Government pegged the budget outlay for the year 2024-25 at ₹2,86,389 crore for fiscal 2024-25 as against ₹2.79 lakh crore for 2023-24 in its vote on account budget ahead of general elections held in May.  The budget expired on July 31.

The State Assembly will later ratify the ordinance.

Published on July 31, 2024