ROSAIAH ,presents tax-free Rs 1,13,660 crore budget

With Andhra Pradesh economy showing signs of recovery after being impacted by the global economic slowdown, Chief Minister and Finance Minister K Rosaiah today presented a Rs 1,13,660 crore tax-free budget, continuing the Congress Government's focus on development and welfare, the twin-engines for putting the state on right track of growth.Presenting the budget estimates to the State Assembly for the 16th time and for the first time as Chief Minister, Mr Rosaiah, in the backdrop of stir for and against division of the state, exhorted one and all to sink differences and join hands to bring back the state on the right track of economic growth to emerge once again as a model for others toemulate.Estimating revenue for 2010-11 at Rs 1,13,675 crore, including state share in revenue of Rs 62,702 crore, Mr Rosaiah proposed an expenditure of Rs 73,347 crore under non-plan and Rs 40,313 crore under plan.Talking to reporters after presenting the budget, Mr Rosaiah, expressing satisfaction over presenting a ''reasonable budget'' in the wake of global economic slowdown, said the Budget had reasonable allocation for various sectors with focus on welfare and development activities to achieve economic growth with equity. With the 13th Finance Commission recommendations on devolution of Central Taxes and Fiscal Deficit limits to be followed by states yet to be announced by the Centre, the state government had decided to curtail Fiscal Deficit to Rs 12,983 crore (2.97 per cent of GSDP) during 2010-11 as against Rs 14,282 crore (3.60 per cent of GSDP) during 2009-10 in the wake of the Centre permitting four per cent fiscal deficit last year.Earmarking Rs 3,000 crore for subsidising the Rs two-a-kg rice scheme and Rs 4,500 crore for providing free power to peasants for seven hours to energise farm pumpsets, Mr Rosaiah provided lion's share of Rs 15,011 crore for the irrigation sector. ======================================================