Amaravati: The budget of the huge revenue expenditure will be introduced by AP Finance Minister Yanamala Ramakrishna at 11.30 am on Thursday. The budget of the financial year 2018-19 will be allocated at a cost of Rs 1,96,800 crore.
The revenue expenditure will be Rs 1,63,660 crore and Rs 33,160 crore will be covered under capital expenditure. According to the 14th Finance Commission, the AP State’s Gross Production amounted to Rs 8,70,330 crore. Rs 30,000 crore will be debited. An amount of Rs 70,000 crore would be made through AP’s own taxes.