Hyderabad, July 24 - Andhra Pradesh Finance Minister K. Rosaiah Friday presented a tax-free, revenue surplus budget for 2009-10 with an overall expenditure of over Rs.1 lakh crore (Rs.1,000 billion/$21 billion).
In his budget speech, the minister told the state assembly that the overall expenditure in fiscal 2009-10 would be Rs.1,034.85 billion, of it Rs.633.01 billion under non-plan and Rs.401.84 billion under plan heads.
'It is estimated that the revenue surplus would be Rs.24.06 billion. The fiscal deficit is estimated to be Rs.161.62 billion, which would be 3.96 percent of the GSDP (gross state domestic product),' Rosaiah said.
The total size of the budget this year was marginally higher than the 2008-09 budget of Rs.1004.36 billion.
Rosaiah, who was presenting a record 15th budget in the assembly, tabled full-fledged budget as he had presented vote-on-account in February in view of the scheduled elections.
The minister, whose Congress party retained the power, presented his sixth consecutive budget, in which a lion's share has been allocated for the irrigation projects and the subsidies for free power to farmers and rice scheme.
Increasing the allocation for the irrigation sector from last year's Rs.165 billion to Rs.178 billion, he said 'Jalayaganam' will continue to be the flagship programme of the government. It is now substantially expanded to cover 81 projects with a capital outlay of Rs.