20% increase in AP’s income

AP's-incomeAP government has informed Asssembly that the state’s income has registered 20% increase in the last 12 months. Stating that the Centre has given just Rs 3000 crore in 2014-15 towards meeting the revenue deficit, Finance minister Yanamala Ramakrishnudu said that the state is unable to meet remaining revenue deficit of Rs 10322 crore then. It has increase further and in the next fiscal alone, we expect a deficit of Rs 4868 crore, he estimated. The plan expenditure is estimated to be Rs 49134 crore- an increase of Rs 14772 crore. The non-plan expenditure could be Rs 86554 crore- an increase of Rs 7917 crore.

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