On Sunday, Governor E S L Narasimhan approved the expenditure fund for Andhra Pradesh and Telangana states for a period of four months, from June 2, 2014.
He also gave his approval to the common admission procedure and continuation of various quotas in higher educational institutions for the next 10 years, beginning from June 2, 2014.
As a result, Andhra Pradesh has been allotted a budget of Rs 34,595 crore and Telangana Rs 26,516 crore.
AP’s budget includes Rs 28,626 crore revenue budgets and Rs 3,882 crore capital budgets whereas the Telangana budget includes Rs 21,295 crore revenue budgets and Rs 3,046 crore capital budgets.
The vote-on-account budget of the united state, approved in March, has been divided between AP states and Telangana, and will be applicable for four months till October 2.
The respective state governments can table their full-fledged budgets in their respective Legislative Assemblies after creation of governments in both states.
A high level meeting was conducted by Mr Narasimhan with senior officials of the state administration on Sunday to complete the bifurcation related formalities.