National

At Rs 1.8 lakh cr, public debt is higher than annual outlay in AP

Our Bureau Hyderabad | Updated on March 12, 2018

Per capita income rises to Rs 77,277

The outstanding public debt of Andhra Pradesh will touch a whopping Rs 1,79,637 crore during 2013,14, much higher than overall State expenditure planned for the fiscal at Rs 1,61,348 crore.

The State debt has been gradually going up over the years and has now crossed 20.91 per cent of the Gross State Domestic Product.

Total debt was at Rs 82,478 crore in 2007-08. The outstanding Central loan component as against total debt is about 13 per cent and the market borrowings constitute about 55.35 per cent.

The interest payment against Government debt has shot up from Rs 9675 crore in 2011-12 to Rs 10,561 crore in 2011-12.

PER CAPITA INCOME

The per capita income, a broad pointer for the standard of living of people, in the State at current prices for the year 2012-13 is estimated to be Rs 77,277 as against Rs 68,970 during 2011-12.

The per capita income has more than tripled in a span of 9 years from Rs 25,321 in 2004-05 to Rs 77,277 by 2012-13. This reflects a definite positive impact of the development programmes on the standard of living of the people.

A break up of the overall receipts shows that Rs 1,27,772 crore is from revenue receipts, Rs 33,229 crore from public debt and Rs 462 crore from loan recoveries.

The revenue expenditure is Rs 1,26,749 crore, capital expenditure Rs 21,278 crore, public debt repayment Rs 8,626 crore and loans and advances Rs 4,694 crore.

Of the expenditure, 67 per cent ( Rs 85,960 crore), is towards development and 12 per cent ( Rs 15,298 crore) towards debt service.

State taxes and duties contribute to about 57 per cent (Rs 72,443 crore) of revenue, non-tax revenue 17 per cent (Rs 22,540 crore), and interest receipts 7 per cent (Rs 8,656 crore) and share of central taxes of 19 per cent ( Rs 24,132 crore).

rishikumar.vundi@thehindu.co.in

Published on March 18, 2013

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