Hyderabad, February 21: Chief Minister K Rosaiah, also holding the finance portfolio, presented the annual State Budget for 2010-11 at an estimated revenue of Rs 1,13,675 crore, revenue surplus of Rs 3,548 crore and a fiscal deficit of Rs 12,983 crore, about 2.97 per cent of the Gross State Domestic Product (GSDP).
Of the total estimated revenue for 2010-11, the State’s share is Rs 62,702 crore. The State’s share in central taxes is taken at Rs 14,505 crore and in Central grants at Rs 13,441 crore.
The expected capital receipts for the same year are pegged at Rs 23,027 crore.
Presenting the annual budget in the State Legislative Assembly today for a record 16th time, Chief Minister Rosaiah said that for 2010- 11 an expenditure of Rs 1,13,660 crore was proposed _ Rs 73,347 crore under non-plan and Rs 40,313 crore under plan. For the first time, for all the members of the Legislative Assembly and Council a Constituency Development fund of Rs 1 crore each was earmarked in the Budget.
During his 70-minute presentation, Rosaiah said the total plan outlay for 2010-11 was Rs 40,313 crore, of which the State’s plan was Rs 36,743 crore and the Centrally-sponsored schemes accounted for Rs 3,570 crore. Irrigation was given a major share with an outlay of Rs 15,011 crore in the budget. To complete the housing programmes Rs 1,800 crore was allotted.
For panchayat raj and rural development Rs 3,842 crore was allocated and for urban development Rs 3,261 crore.
Other important allocations include Rs 1,839 crore to agriculture, Rs 4,837 crore to welfare sector, Rs 3,155 crore to education, Rs 1,860 crore to medical and health, and Rs 2,284 crore to infrastructure.
Stating that economic growth alone would not solve all the problems, Rosaiah said his government’s priority was to ensure economic growth with equity.
For faster economic growth, it was proposed to keep the capital expenditure high. Besides asking the Centre to accord national status to at least two of the three major irrigation projects, Polavaram, Pranahita-Chevella and Devadula, Rosaiah said the Centre was asked to provide budgetary allocations to schemes like NREGP and JNNURM.
The chief minister reiterated that the State Government was keen on completing all the 86 major and medium irrigation projects under Jalayagnam.
To meet the requirement of power for running the lift irrigation schemes, hydroelectric schemes at Polavaram, Dummugudem, Kanthanapally and Pulichintala were taken up with an installed capacity of 1,850 MW.
On crop loans, he said total agriculture loans would be around Rs 62,005 crore by March this year which would be about 17.5 percent of total agriculture loans in the country. The seed village programme would be further strengthened with a subsidy of Rs 375 crore.
On power sector, he said APGenco’s installed capacity reached 7,587.9 MW, accounting for 40 per cent energy requirement of the State. APGenco took up a massive capacity addition programme of adding 17,558 MW. It was in the process of implementing 10 projects with a total installed capacity of 3,946 MW and planned ten more projects with a capacity of 13,612 MW, he said.
On industry and infrastructure, he said the Centre had given approval for 103 Special Economic Zones (SEZ). Of those, 73 were notified and 40 have become operational. For tapping the Krishna-Godavari Basin, expected to be the world’s largest oil and natural gas reserve, Andhra Pradesh Gas Infrastructure Corporation and ONGC have formed a consortium which participated in bidding of all the five blocks in the Basin.
This was the best budget he could present in the present turbulent times, Rosaiah claimed.
–Agencies