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| Home / Andhra Pradesh State News / 2003 / February / Annual Fiscal Framework 2003-2004 of Government of Andhra Pradesh |
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Annual Fiscal Framework 2003-2004 of Government of Andhra Pradesh The Annual Fiscal Framework (AFF) 2003 04 Is yet another feather In the cap of the progressive thinking AP Government. It marks the first Instance In the annals of Indian history where a state has made complete disclosure Wits financial position. The Income and Expenditure for the period April Dec. 2002, the expected performance for 2002 03 and the anticipated fiscal Indicators for 2003 04 he". all bow tabled for public review and opinion. Riding 'on the previous year's experience, this pioneering concept encompasses presentation of past performance review, current accomplishments as well as future targets by each department In line with the Budget allocations and schemes. it also Incorporates accountability for efficient and productive use of resources. Through the Draft Budget, the AP Govt. reaffirms Its commitment to minimizing its fiscal deficit and debt burden. Categorization of the Budget into short term, long term development and welfare In typical planning commission practice, Is a cornerstone of this Budget. The state's revenues, both tax and non tax, have Improved remarkably from Rs.5,048 crore In 1995 96 to Rs.16,014.58 crore In 2002 03. It Is estimated that revenues *111 touch Rs. 9.18,169 crore In 2003 04. Yet, the State Govt. endeavors unsparingly to optimize Its Internal resources. A reiteration of Its commitment to sustain high standards of growth. The current Budget prioritizes Irrigation, Electricity and Agriculture sectors with a 45% funds allocation. Sharing the Spot light would be social welfare and other sectors. The following Is a preview of the feature packed Draft Budget 2003 04. More on the Annual Fiscal Framework Budget Salient Features Annual Fiscal Framework Sector Wise Allocations AFF Priority Programs Inviting Public Opinion |
