Summary:
"In 2019-20, the estimated revenue surplus is Rs 6,564 crore and fiscal deficit is Rs 27,749 crore," Rao said in his budget speech.The fiscal deficit is 2.81 per cent of Gross State Domestic Product (GSDP). "For differently-abled persons, I propose to increase their monthly pensions from Rs 1,500 to Rs 3,016. "The state's own revenues for Budget Estimate (BE) of 2019-20 are at Rs 94,776 crore in comparison with Revised Estimate (RE) of 2018-19 at Rs 72,777 crore," Rao said.Transfers from the Centre as per BE 2019-20 is Rs 22,835 crore, while in RE 2018-19, these are estimated at Rs 28,042 crore, he said. "The growth rate of GSDP, at constant prices, was 4.2 per cent in the two years prior to state formation. He proposed Rs 6,000 crore for this purpose.He said the 'Assara' pensions now covering aged, widowed, single women, beedi workers, people suffering from filariasis, handloom workers, and toddy tappers were proposed to be increased from Rs 1,000 per month to Rs 2,016..