Andhra Pradesh government presents Rs 2.24 lakh crore budget for FY 2020-21
The 1.4 per cent decrease in the budget estimates was on account of major economic slowdown during the COVID-19 pandemic, the Finance Minister said. The state's debt burden increased to Rs 3.02 lakh crore at the end of March 2020,up from Rs 2.59 l...

Andhra Pradesh became the first Indian state to convene its Legislative Assembly and Council - which will adopt a Rs 2.24 lakh crore budget for 2020-21 - amid the Covid-19 pandemic.
The state government, which could not hold a regular budget session owing to the nationwide lockdown earlier, had obtained approval for a three-month budget of Rs 71,000 crore for the April-June period through an Ordinance in the last week of March.
Adequate social distancing measures were put in place for lawmakers to attend the session, even as Governor Biswabhusan Harichandan addressed the Assembly through video conference, another first for the country.
The budget estimates represent a marginal decrease of 1.4 % over 2019-20, which the government attributed to the continued economic slowdown due to the pandemic.
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