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Chief Minister N Chandrababu Naidu interacting with Finance Minister Payyavula Keshav and officers concerning AP annual finances, at his residence at Undavalli close to Vijayawada on Wednesday.
The State authorities is making ready to current the 2025-26 annual finances within the Andhra Pradesh State Meeting on February 28. The Meeting session is set to start on February 24.
Within the wake of this, Chief Minister N. Chandrababu Naidu reviewed the annual finances at his residence in Undavalli. Finance Minister P. Keshav and different senior officers participated within the assembly on Wednesday.
As the federal government had already introduced the implementation of the “Tremendous Six” schemes from 2025-26 monetary yr, key discussions had been held concerning finances allocations for these initiatives. The federal government is making ready to launch schemes reminiscent of “Talli Ki Vandanam” (Respect to Moms), “Annadata Sukhibhava” (Prosperity for Farmers), and free bus journey for ladies beginning this yr. Balancing each welfare schemes and growth applications has change into a problem for the federal government in finances allocation. Mr. Naidu has guided officers on overcoming these challenges, in line with sources
The coalition authorities is about to current a full-fledged finances for the primary time after coming to energy. In November, the coalition authorities introduced a finances of ₹2.94 lakh crore for a five-month interval for the monetary yr 2024-25.
It’s learnt that Mr. Naidu, on the assembly, mentioned as a result of damaging insurance policies of the earlier authorities, Andhra Pradesh ranked on the backside when it comes to monetary well being. The earlier YSR Congress Get together (YSRCP) authorities exhausted future revenues and failed to take a position funds in capital expenditure, creating opposed circumstances. Additionally, there was a fall in income as a consequence of insurance policies like free sand distribution after coming to energy. From the primary month of Nationwide Democratic Alliance (NDA) tenure, the federal government elevated pensions, spending a median of ₹2,720 crore monthly on pensions. Moreover, schemes like Deepam 2 and Anna Canteens had been launched.
Finances preparation has change into a problem, balancing each welfare schemes and growth applications. There’s some aid for initiatives like Polavaram and Amaravati with assist from the Central authorities. Mr. Naidu requested the sixteenth Finance Fee to grant particular help contemplating the State’s monetary scenario. The federal government assured that it might proceed welfare measures whereas continuing with growth actions. The federal government is conducting in depth workout routines for finances preparation, sources mentioned.
Revealed – February 13, 2025 03:45 am IST
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