Andhra Pradesh State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Andhra Pradesh FY 2023-24
Andhra Pradesh State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 1.74 lakh crore
+6.3%
Total Expenditure
Rs 2.37 lakh crore
+4.4%
Fiscal Deficit
4.3%
Rs 62,720 crore
Capital Expenditure
Rs 23,330 crore
-16.1%
Tax Revenue
Rs 85,922 crore
-3.0%
Interest Payments
Rs 29,481 crore
12% of expenditure
Andhra Pradesh Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Andhra Pradesh Expenditure Breakdown 2023-24
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Andhra Pradesh 2023-24
The fiscal deficit for Andhra Pradesh in 2023-24 is 4.3% of GSDP (Rs 62,720 crore), reflecting the state's borrowing needs to fund development programmes.
States are expected to maintain fiscal deficit within 3% of GSDP as per the FRBM Act. Andhra Pradesh's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 29,481 crore consume 12.5% of total expenditure.
Andhra Pradesh State Budget 2023-24 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 2.5 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.74 lakh crore | 69.5% |
| a. Own Tax Revenue | Rs 85,922 crore | 34.4% |
| b. Non-Tax Revenue | Rs 7,432 crore | 3.0% |
| B. Total Expenditure | Rs 2.37 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 2.12 lakh crore | 89.8% |
| 2. Capital Expenditure | Rs 23,330 crore | 9.9% |
| of which: Interest Payments | Rs 29,481 crore | 12.5% |
| C. Fiscal Deficit | Rs 62,720 crore | 4.3% of GSDP |
Source: Andhra Pradesh State Budget Documents via PRS India. All figures in Indian Rupees.
Andhra Pradesh Department-wise Expenditure 2023-24
Top departments by allocation in Andhra Pradesh for 2023-24
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 24,000 crore | Rs 2,000 crore | Rs 26,000 crore | 11.0% |
2. Rural Development | Rs 14,000 crore | Rs 3,000 crore | Rs 17,000 crore | 7.2% |
3. Social Welfare | Rs 15,000 crore | Rs 1,200 crore | Rs 16,200 crore | 6.8% |
4. Health & Family Welfare | Rs 12,800 crore | Rs 1,800 crore | Rs 14,600 crore | 6.2% |
5. Energy | Rs 11,500 crore | Rs 2,400 crore | Rs 13,900 crore | 5.9% |
6. Agriculture & Allied | Rs 11,000 crore | Rs 1,900 crore | Rs 12,900 crore | 5.5% |
7. Police & Home | Rs 9,200 crore | Rs 1,200 crore | Rs 10,400 crore | 4.4% |
8. Transport & Roads | Rs 4,500 crore | Rs 5,200 crore | Rs 9,700 crore | 4.1% |
9. Urban Development | Rs 6,000 crore | Rs 2,700 crore | Rs 8,700 crore | 3.7% |
10. Water Supply & Sanitation | Rs 4,000 crore | Rs 3,600 crore | Rs 7,600 crore | 3.2% |
Andhra Pradesh Budget 2023-24 Analysis & Highlights
Key Highlights
- Revised expenditure at Rs 2,36,511 crore, down from budget estimates as capital projects faced execution delays.
- Fiscal deficit revised to Rs 62,720 crore at 4.3% of GSDP.
- Revenue deficit at Rs 38,683 crore โ higher than budgeted, reflecting revenue shortfalls.
- Tax revenue achieved only Rs 85,922 crore against targets, a 12% shortfall.
- Capital expenditure contracted to Rs 23,330 crore as Polavaram and road projects slowed.
- Interest payments at Rs 29,481 crore โ paradoxically higher than the following year due to high-cost refinancing.
- Central transfers fell short by approximately Rs 8,000 crore from budget estimates.
- Outstanding debt at Rs 3,95,000 crore with debt-to-GSDP at 27.1%.
- Social welfare spending maintained near budgeted levels as election-year politics prevented cuts.
- GST collection growth slowed to 8% against the 15% target.
- GSDP estimated at Rs 14,58,719 crore with 10.8% nominal growth.
Compare Andhra Pradesh Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 2.27 lakh crore | Rs 2.37 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 1.64 lakh crore | Rs 1.74 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 27,800 crore | Rs 23,330 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.5% | 4.3% |
| Own Tax Revenue | โ | โ | โ | Rs 88,600 crore | Rs 85,922 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Andhra Pradesh State Budget 2023-24
The Andhra Pradesh state budget is the annual financial plan presented in the state legislature. It covers all revenue receipts, expenditure allocations across departments, and fiscal deficit management. State budgets are critical because states handle key development areas including education, health, agriculture, and infrastructure.
Andhra Pradesh Revenue Sources
State revenue comes from three sources: own tax revenue (state GST, stamp duty, excise, vehicle tax), non-tax revenue (fees, fines, interest), and transfers from the Centre (share of central taxes as per Finance Commission recommendations, plus grants-in-aid for specific schemes).
Fiscal Deficit and State Borrowing
Under the FRBM framework, states target a fiscal deficit of 3% of GSDP. States can borrow from the market via State Development Loans (SDLs), and the central government also provides loans. The RBI manages the borrowing calendar for states to ensure orderly market conditions.
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Compare Andhra Pradesh with other states
Side-by-side comparison of fiscal metrics across Indian states