AP Budget 2021-22 in Telugu

Download AP Budget 2021-22 in Telugu

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AP Budget 2021-22 in Telugu

The Finance Minister of Andhra Pradesh, Mr. Bugganna Rajendranath, presented the Budget for the state for the financial year 2021-22 on May 20, 2021.  Note that due to the impact of COVID-19, 2020-21 was not a standard year with respect to the performance of the economy and government finances.  In this note, 2021-22 budget estimates have been compared to the actuals for 2019-20 (in terms of compounded annual growth rate or CAGR).  Annexure to this note provides a comparison of the revised estimates for 2020-21 and budget estimates for 2021-22.

Budget Highlights

  • The Gross State Domestic Product (GSDP) of Andhra Pradesh for 2021-22 (at current prices) is projected to be Rs 10,61,781 crore.  This is an annual increase of 4% over the actual GSDP of 2019-20. The GSDP for 2021-22 is estimated to be 5.1% higher than the revised estimate of GSDP for 2020-21 (Rs 10,19,146 crore).  In 2020-21, the GSDP of Andhra Pradesh is estimated to grow by 4% over the previous year.  In comparison, the GDP of India at current prices is estimated to contract by 3.8% in 2020-21 and grow by 14.4% in 2021-22.
     
  • Total expenditure for 2021-22 is estimated to be Rs 2,29,779 crore, an annual increase of 15% over the actual expenditure in 2019-20.
     
  • Total receipts (excluding borrowings) for 2021-22 are estimated to be Rs 1,77,247 crore, an annual increase of 24% over 2019-20.  In 2020-21, total receipts (excluding borrowings) are estimated to fall short of the budget estimate by Rs 43,433 crore (a shortfall of 27%). 
     
  • Revenue deficit for 2021-22 is estimated to be Rs 5,000 crore, which is 0.47% of the GSDP.  In 2020-21, as per the revised estimate, revenue deficit is estimated at Rs 34,927 crore (3.46% of GSDP) as compared to a revenue deficit of Rs 18,434 crore (1.82% of GSDP) estimated at the budget stage.
     
  • Fiscal deficit for 2021-22 is targeted at Rs 37,030 crore (3.49% of GSDP).  In 2020-21, fiscal deficit is expected to be 5.38% of GSDP as per the revised estimate, higher than the budget estimate of 4.78% of GSDP.
AP Budget 2021-22 in Telugu

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