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09 July 2014
FINANCE DEPARTMENT
Contents
1.
Introduction ........................................................................................................................ 4
2.
3.
4.
5.
6.
7.
8.
9.
Conclusion
ii
27
ANNEXURES
II
III
IV
VI
VII
VIII
IX
XI
XII
XIII
iii
1.
Introduction
1.
Andhra Pradesh State, notwithstanding the bountiful natural resources, internationally valued
human resources and the entrepreneurial dynamism, had shown little economic vibrancy in the nineteen
sixties and seventies, growing at an annual rate of 2.11 and 3.01 per cent respectively, far behind the
national average. The economic growth trajectory of the State took an upward turn in the eighties,
during which the States economy had grown on an average around 5.21 per cent annum. However, the
State continued to lag behind the national growth momentum during the eighties. While the launch of
first generation reforms at the national level in the early nineties had kick-started the national economy,
the real upturn started in the Andhra Pradesh economy with the launch of second generation reforms in
the second half of nineties.
2.
The comprehensive reform package, that were launched in the second half of the nineties,
Since 2008-09, the State hadbeen characterised by misgovernance, corruption scandals, and lack
of development vision and strategic direction, which together have seriously affected the economy of the
State, stalled the growth momentum, undermined the reputation and standing of the State as a model of
good governance and development and downgraded the stock of Brand Hyderabad that was built
through systematic and arduous efforts. The endless procession of agitations, strikes, and civil strife,
coupled withlack of investment in both infrastructure and human development have caused a major
setback not only to the growth momentum but also to poverty alleviation efforts. The overall slowdown
in the national economy, contraction of job opportunities, consistently high levels of inflation have
compounded the crisis and have created a sense of gloom and doom in the minds of Andhra Pradesh
citizens.
4.
The sense of alienation and despondency was further compounded by the manner in which the
State was reorganised by the previous central government. Andhra Pradesh Reorganisation Act 2014 has
divided the State of Andhra Pradesh without an iota of concern for or attention to the disastrous
economic and financial consequences on the residuary Andhra Pradesh. The previous Government at
the Centre choose to distribute the assets based on location, while apportioning liabilities on the
population ratio, as most of them were common liabilities. Considering that virtually all the major assets
are located in and around Hyderabad city, Andhra Pradesh has forfeited major economic assets and
inherited massive liability without having the wherewithal to service the debt.
5.
In this background, this paper is intended to review the economy of the undivided State of
Andhra Pradesh during the past decade, analyse the impact of AP Reorganisation Act on the fiscal
situation of residuary Andhra Pradesh and pre-set the likely fiscal scenario in 2014-15 financial year.
2.
Economic scenario
6.
The Gross State Domestic Product (GSDP) growth rate of Andhra Pradesh, the Gross Domestic
Product (GDP) growth rate of the country as well as Sectoral Growth rates since 1960 are given in
Table-I.
(Rs. Crores)
Table-1
Sectoral Growth rates (%) of GSDP (at Constant prices) of Andhra Pradesh & India
Period /
Year
Sectoral growth %
Agriculture
AP
Industry
India
AP
AP -Growth
Services
India
AP
India
of GSDP (%)
India Growth of
GDP (%)
1960-71
1.07
6.74
5.15
11.25
3.59
5.66
2.11
7.08
1970-81
1.18
7.09
5.97
0.74
5.02
4.95
3.02
5.01
1980-91
3.79
12.89
7.20
5.24
8.26
4.62
5.21
7.17
1990-01
2.95
4.02
6.56
7.33
6.43
5.19
5.42
5.29
1999-00
-2.28
2.67
3.50
5.96
8.88
12.05
4.58
8.00
2000-01
13.16
-0.01
-2.30
6.03
7.73
5.07
8.16
4.15
2001-02
-1.53
6.01
6.35
2.61
7.69
6.61
4.22
5.39
2002-03
-7.76
-6.60
12.14
7.21
6.30
6.74
2.73
3.99
2003-04
15.14
9.05
6.29
7.32
7.92
7.89
9.35
7.97
2004-05
4.45
0.18
8.89
9.81
9.72
8.13
8.15
6.97
2005-06
6.12
5.14
10.05
9.72
11.04
10.91
9.57
9.48
2006-07
1.97
4.16
17.60
12.17
12.48
10.26
11.18
9.57
2007-08
17.38
5.00
10.87
9.67
10.30
10.27
12.02
9.32
2008-09
0.76
0.09
7.15
4.44
9.53
9.98
6.88
6.72
2009-10
0.21
0.81
3.04
9.16
7.07
10.45
4.53
8.59
2010-11
5.00
8.60
9.97
7.55
15.04
9.67
11.64
8.91
2011-12
0.88
5.02
7.31
7.81
15.04
8.65
7.51
6.69
2012-13
7.21
1.42
- 0.46
0.96
6.95
6.96
5.09
4.47
2013-14
6.43
4.64
1.30
0.65
7.02
6.86
5.51
4.86
AE: Advanced Estimate: FRE: 1st Revised Estimate, SRE: 2nd Revised Estimate: TRE: 3rd Revised Estimate
(Final Revision).
7.
As seen from the table, until the 1990s the average growth of GSDP of AP remained below the
growth rate of GDP of the country. The rate of GSDP increased from 1.8% in the 1960s to 2.8% in the
1970s, to 4.92% in 1980s and to 5.2% in the 1990s. In reality, the State had experienced fiscal
imbalances moderately in 1980s and steeply in the 1990s. To turn around this situation, A.P. had set
itselfa determined Vision-2020 and stood as one of the pioneering States in initiating reforms to restore
fiscal health in right earnest at the sub-national level. The Government of A.P. had initiated various
measures during 1995-2003 covering resource mobilization, moderation / management of government
expenditure, which showed reasonable level of success. As a result, the growth of GSDP gathered
greater momentum between 1995-96 and 2004-05 and grew at a sustained rate of 5.8% per annum. In
sharp contrast to the past trends, the states economy registered a growth of 8.1% in 2000-01 compared
with national growth rate of 4.15 %. This was facilitated by an impressive growth of 13.16% in the
agriculture sector in that year registering an impressive recovery from the earlier years.
8.
The reform process in the late nineties was directed at augmenting revenue resources and
projects, completing on-going projects through critical balancing investments, zero based evaluation of
every scheme, phasing out ineffective ones and base budgetingon a realistic estimate of resources was
given focus.
9.
While GSDP growth sustained the momentum of earlier years between 2004-05 and 2007-08
averaging rates higher than national growth rates, it fell precipitously to 6.8% in 2008-09 from a high of
12.02% in 2007-08. It continued to decline to 4.53% in 2009-10 and notwithstanding a modest recovery
in 2010-11 the growth rates in the past 3 years have averaged around 5.10%.
10.
One can also see from the sectoral growth rates given in the table
that the economy during the last 10 years has shown mixed trends. Barring the services sector, which
maintained a respectable growth rate of around 9.78% p.a. during 2004-14 decade,the growth of
agriculture and industrial sectors has been uneven and volatile. The industrial sector posted negative
growth in the year 2012-13 and has failed to demonstrate the resilience of earlier decade. The reason for
better showing of the services sector was because of the initiatives by the Government in late 1990s and
early 2000s, especially in the IT Sector and tourism sector. Besides evolving strategies for making state
capital of Hyderabad as IT Hub, ISB, IIIT etc. took shape during the period. APSWAN, TWINS,
CARD (computer aided registration department) etc. have helped to have a strong foundation for the
growth of services sector. However, the growth story of the States economy that entered a higher
growth trajectory in the early years of last decade has been witnessing a sharp slowdownand downward
journey since 2008-09.
(Rs. Crores)
Table-2
Trends in Per Capita Income-Andhra Pradesh and All-India
Period/
years
Average annual
growth of per capita
income (%)
AP
India
Ratio of per
capita income
of AP to allIndia (%)
1970-81
4904
5575
0.94
1.12
88.0
1980-91
6160
6788
3.04
3.24
90.7
1990-01
8865
9587
4.01
3.98
92.5
1999-00
15507
15881
4.26
4.56
97.6
2000-01
16622
16173
7.19
1.84
102.8
11.
2001-02
18573
17782
11.74
9.95
104.4
2002-03
19434
18885
4.64
6.20
102.9
2003-04
21931
20871
12.85
10.52
105.1
2004-05
25321
24143
15.46
15.68
104.9
2005-06
28539
27131
12.71
12.38
105.2
2006-07
33135
31206
16.10
15.02
106.2
2007-08
39727
35825
19.89
14.80
110.9
2008-09
46345
40775
16.66
13.82
113.7
2009-10
51114
46249
10.29
13.42
110.5
2010-11
62148
54021
21.59
16.80
112.1
2011-12
69742
61855
12.22
14.50
112.0
2012-13
78958
67839
13.21
9.67
113.7
2013-14
88876
74380
12.56
9.64
119.1
Per Capita Income: The per capita income of the State as seen from the above table remained
below national average until 1999-2000, witnessed turn around in 2000-2001. The per capita GDP of
the State increased from 2.8% in the 1980 to 3.9% in the 1990s and to 4.8% during 2000-05. The
percapita income of the Stateremained higher than national average in all the years since 2000-2001
partly due to higher national average growth of the states economy and also largely due to moderation
in population growth. In the year 2013-14 for which the latest data is available, per capita income of the
State at current prices stood at Rs.88,876, as compared with the national average of Rs.74,920.
GROWTH OF POPULATION
Year
12.
Percentage
% decadal change
Decade ending
1991
24.2
Decade ending
2001
14.59
9.61
Decade ending
2011
10.98
3.61
As seen from above, the decennial growth of the population of the state, which was 24.2%
between 1981-91, declined to 14.59% between 1991-2001. It further came down to 10.98% between
2001-2011. While the population growth declined by an astounding 9.61 per cent during 1991-2001, the
decline was 3.61 during the decade of 2001-2011. No other State or even nation had managed to reduce
the Total Fertility Rate (TFR) from 3.6 to 1.8, and stabilise the population growth in less than a decade.
This was made possible by the policies and programmes of the Government that focused on literacy
improvement, womens empowerment and population stabilisation between 1995 and 2004.
LITERACY PROGRESS
13.
Year
Percentage
% Increase
Decade ending
1990-91
44.1
Decade ending
2000-01
60.47
16.37
Decade ending
2010-11
67.02
7.19
Similarly, the major impetus given by the Government for expansion of quality education in the
second half of nineteen nineties, had resulted in a quantum jump in the literacy rates between 1991 and
2001. An astounding 16.37 per cent of the total population joined the literate pool during this decade.
This education march has stalled in its tracks during the past ten years, adding only 7.19 per cent to the
literate brigade, leaving one third of the adult population without the ability to read or write.
14.
The comprehensive economic and fiscal reform package coupled with growth enhancing policies
and programmes implemented effectively between 1995 and 2004, which inter alia included a clear
development vision, effective governance, strategic investments in infrastructure, industrial
development, and employment generation; massive expansion of services and consequential exponential
increase in employment opportunities, development of Hyderabad as knowledge and information
technology hub, and establishment of well defined goals, objectives and the process for all round
development enshrined in VISION 2020, together had transformed the development paradigm of the
State and set the stage for a major leap of the State. Unfortunately, between 2004 and 2014, the
Governments had not only failed to harness the growth momentum of earlier years, and instead had
undermined the institutional dynamism and the growth-centred governance systems built between 1995
and 2004.
15.
The deceleration of growth momentum that characterized the State during the past 5 years is a
matter of serious concern. While the global and national factors have partly contributed to the situation
the major responsibility is attributable to the breakdown of effective governance, political upheaval and
sharp decline in the investors confidence in the State. Reorganisation of the State has further
accentuated the problems that would continue to haunt the residuary state of Andhra Pradesh.
3.
State Finances
16.
State Finances have been under stress for well over a decade on account of various factors such as
increase in the establishment costs (salaries and pensions), rising interest payments, welfare
commitments, power sector expenditure, etc.This fiscal stress is the result of expenditure commitments
rising faster than revenue receipts, less than anticipated returns from major projects in irrigation, power,
etc. and the increasing debt burden of the government. The structure of state receipts under the broad
categories of revenue and capital with figures for the last decade are given in the Annexure - I.
17.
It needs to be noted that the enactment of Fiscal Responsibility and Budget Management Act
(FRBM) in 2005 mandating elimination of revenue deficit and containing fiscal deficit at 3 per cent of
the GSDP and the introduction of Value Added Tax (VAT) greatly contributed to the overall fiscal
stability of the State. The improvement in the State finances that started because of various reforms
initiated during late 1990s continued till 2007-08. The improvement in the fiscal situation during the
period was not only because of overall buoyancy in the economy but also due to tax reforms. The tax
rates, which were ranging from 4 to 20% during 2005, were replaced with Value Added Tax(VAT) that
brought out a sea change in tax structure. VAT rates were revised subsequently. Introduction of VAT
resulted in enormous growth in tax revenue. In addition, excise revenues, on account of increased
liquor consumption, showed greater buoyancy. There was also marginal improvement in the transfers
from centre from 4.95% of GSDP to 5.01 %of GSDP for the same period. However, since 2008-09 there
has been a slowdown in the revenue growth.
18.
In this context, it is significant to note that while the per capita taxation in the State was Rs
2,266.90 in 2000-2001, it increased three fold to Rs 7,136.76 by 2010-11. Notwithstanding such a steep
increase in per capita taxation rates, the revenue accruals to the State exchequer have been showing
consistently downward growth spiral since 2008-09.
10
4.
19.
The percentage of revenue expenditure that can be financed from the total revenue of the State
increased from 88 % in 2002-03 to 99.8% in 2005-06. A buoyant own tax revenue complemented by the
high devolution of central transfers based on the recommendations of the Twelfth Finance Commission
and lower growth rates of revenue expenditure contributed to this trend. In 2006-07, the state achieved a
revenue surplus situation of nearly 7% for the first time in a decade.
20.
However, the situation has changed in the subsequent years. The revenue surplus, which was
nearly 1 % of GSDP in 2006-07, declined by 0.04 %to 0.24 % in the subsequent years. Similarly, the
primary deficit that achieved a surplus in 2006-07, turned negative in the subsequent years. The fiscal
deficit, which was 1.87% in 2006-07, increased to 2.41 percent and 2.91 percent respectively in
subsequent years. The state experienced turbulence in the fiscal situation, which was also attributable to
the overall economic slowdown period in 2008-09.
21.
In theaccounts of 2010-11 and 2011-12, the proportion of revenue surplus in GSDP was 0.42
percent and 0.46 percent and that of fiscal deficit was 2 percent and 2.3 percent respectively. The Debt
Swap Scheme (DSS) and stoppage of plan loans from the centre reduced the interest payment burden
contributing to a change in the debt pattern. The savings in interest payments on outstanding central
loans under the Debt Consolidation and Relief Facility (DCRF) as recommended by the Twelfth
Finance Commission, contributed towards the declining trend in interest payments.
22.
An analysis of States own tax revenue for the last decade in select years is presented below:
(Rs. Crores)
Table-3
States Own Tax Revenue
2004-05
2008-09
2013-14
Sales tax
11,041
21,852
48,737
State excise
2,093
5,753
6,250
1,169
1,801
3,335
1,388
2,931
4,393
11
Land Revenue
34
130
74
Profession tax
180
374
520
348
517
814
16,251
33,358
64,124
etc.
Total Tax Revenue
23.
The major components of States own non-tax revenue for the last decade in select years are
indicated as under:
(Rs. Crores)
Table-4
States Own Non-Tax Revenue
2004-05
2008-09
2013-14
131.26
186.43
737.61
121.69
93.22
203.65
186.02
556.82
689.3
873.53
1,684.98
2,730.56
69.14
111.68
1,675.55
Police
50.15
105.36
294.71
191.8
744.61
3,643.93
1,040.94
Contra Interest
1,579.18
3,300.97
7,908.74
Total
3,755.57
9,683.4
15,472.86
Major Irrigation
Others
24.
The tax and non-tax revenue receipts of the State exhibited different trends during 2002-14 an
upward movement in the revenue receipts during the first half of this period and a fluctuating trends
during the latter half of the period. This differentiation is important since the underlying economic
drivers both at the national as well as international level have been different in these period(s).
12
5.
Economic Trends
25.
The firm foundation for robust economic growth of the State was laid in mid nineteen nineties
and was consolidated during the subsequent years. By 2004, Andhra Pradesh was placed on a trajectory
of high growth momentum. Apart from fiscal consolidation, revival of the economy, the Government
expanded opportunities to its citizens through massive education expansion, expansion of employment
opportunities and substantial investments in infrastructure and development, apart from sustained efforts
to alleviate poverty and empower women and weaker sections. The measures implemented during 19952004 period ensured sustainable all round development of the State.
26.
The proportion of revenue receipts and total budgetary receipts as percentage of GSDP increased
Launching new projects and schemes on strict cost-benefit criteria while taking into account
both positive and negative externalities;
Performing a zero-based evaluation of every scheme and phase out ineffective ones;
13
It also included inviting private sector participation in the infrastructure sector and framing
growth-enhancing policies.
Higher growth rate of share in central taxes
Simultaneously, empowerment of the States, augmentation of tax (VAT), non-tax revenues and
reforms of State PSUs helped revenue growth
Fiscal deficit and revenue deficit have considerably improved
APs debt / GSDP ratio was well within the set limits
6.
27.
It is clear from the data that the growth of States own tax revenueshave declined in the first three
years of the eleventh plan period. The overall economic downturn cycle also led to the following:
Components of own tax revenue showed declining growth rates during 2008-10.
Fluctuations in the growth rates of grants-in-aid
Substantial increase in debt and non-debt components of capital receipts in 2007-08.
Fall in growth rate of non-tax revenue and also share in central taxes.
Relatively lower economic growth rate
Revenue receipts as percentage of total receipts started declining from 14.84% during 2007-08 to
12.95% in 2013-14
Increased dependence on borrowings for the plan
GSDP growth fell precipitously from 2008-09 onwards
28.
During 2002-14, while the revenue from state excise was more buoyant on account of increased
per capita liquor consumption, the revenue from sales tax, stamp duty and registration fee,etc., have
14
been on par with the GSDP trends. On the other hand, the motor vehicle tax (MVT) has shown
significant slow down.
29.
The total expenditure from 2004-05 to 2013-14 under Revenue, Capital and Loans and Advances
30.
The total expenditure from 2004-05 to 2013-14 under Revenue, Capital and Loans and Advances
Year
Revenue
Exp.
Capital
outlay
Repayments
2004-05
31307
5414
2005-06
34915
2006-07
(Rs. crores)
Shares in total expenditure
Loans
Revenue Capital
Repayand
Exp.
outlay
ments
Advances
7
8
9
10
Loans
and
Advances
5
Total
7432
1593
45747
68.44
11.84
16.25
3.48
7662
5295
756
48628
71.80
15.76
10.89
1.56
41438
9904
4253
907
56502
73.34
17.53
7.53
1.60
2007-08
53984
12774
4994
2921
74672
72.29
17.11
6.69
3.91
2008-09
61854
10366
4833
3413
80467
76.87
12.88
6.01
4.24
2009-10
63448
13793
6277
1590
74.55
16.21
7.38
1.87
2010-11
78534
11123
7881
3315
77.87
11.03
7.81
3.29
2011-12
90415
13722
6761
4983
78.02
11.84
5.83
4.30
2012-13
102702
15149
7677
3913
79.34
11.70
5.93
3.02
2013-14
110249
15280
7285
3689
85108
10085
4
11588
2
12944
1
13650
4
80.77
11.19
5.34
2.70
8.
Revenue Expenditure
31.
Among the different components the fastest growing items are the interest payments, salaries and
pensions despite the overall number of employees in Government & Public Sector dropping
15
down(Annexure-XIII). Because of the sharp rise on these items investments in infrastructure sector
crowded out.
9.
Capital Expenditure
32.
Capital expenditure includes market borrowings mainly for Irrigation sector, Roads and
Bridges, Housing and capital works for welfare sectors like Education, Health etc. Prudent fiscal
management demands asurplus on revenue account to finance a part of the capital expenditure. The
capital expenditure,especially in our case is mostly financed by borrowings from open market and
externally Aided Projects. Unfortunately, the expenditure efficiency on irrigation, roads and bridges has
been questionable and most of the assets havent taken shape to give back results.
10.
Debt Position
33.
Year
Open
Market
Loans
Loans
From
Central
Govt.
Loans from
Autonomo
us bodies,
etc.
Special
Securitie
s (Small
Savings)
&
Providen
t Fund,
etc.
% To Total Debt
Total
GSDP
7
Debt
outstanding
as % of
GSDP
8
Open
Marke
t
Loans
9
Loans
From
Centra
l
Govt.
10
Loans
from
Autono
mous
bodies,
etc.
11
Special
Securities
(Small
Savings)
&
Provident
Fund, etc.
12
2004-05
19,966
16,129
10,188
20,111
66,393
2,24,713
29.55
30.07
24.29
15.34
30.29
2005-06
21,348
16,045
7,566
25,449
70,408
2,55,941
27.51
30.32
22.79
10.75
36.15
2006-07
23,544
15,169
6,543
30,144
75,400
3,01,035
25.05
31.23
20.12
8.68
39.98
2007-08
29,186
15,126
7,083
31,084
82,479
3,64,813
22.61
35.39
18.34
8.59
37.69
2008-09
38,337
14,734
8,843
31,654
93,568
4,26,765
21.93
40.97
15.75
9.45
33.83
2009-10
51,623
14,808
9,282
33,630
1,09,343
4,76,835
22.93
47.21
13.54
8.49
30.76
2010-11
61,984
15,494
6,786
37,480
1,21,744
5,83,762
20.86
50.91
12.73
5.57
30.79
2011-12
75,090
17,265
5,595
37,695
1,35,646
6,62,592
20.47
55.36
12.73
4.13
27.79
2012-13
91,688
17,302
5,088
39,463
1,53,542
7,54,409
20.35
59.72
11.27
3.31
25.70
2013-14
PreActuals
1,11,374
18,644
3,891
39,941
1,73,849
8,57,364
20.28
64.06
10.72
2.24
22.97
16
34.
Debt inherited by the State in 1995-06 was Rs 19,000 Cr. The total public debt in 2003-04 was Rs
58,770 Crore, indicating a total borrowing of only Rs 39,000 Crore in nine years. Whereas debt
increased from Rs 66,393 Crores in 2004-05 to Rs 1,73,849 Crores by 2013-14, which meant 1,07,456
Crores were borrowed over nine years. While the per capita debt in 2003-04 was around Rs 7,712, it has
increased three fold to Rs 20,573 in 2013-14. Every citizen of Andhra Pradesh today is paying three
times as much tax per capita, he / she paid in 2003-04 and has thrice as much debt accumulated as he /
she had in 2003-04.
11.
Interest Payments
35.
With the growing debt, interest payments have increased in both absolute terms as well as
percentage to GSDP. As the debt is being deployed for current consumption and to build low yielding
assets the burden of interest is growing much faster than revenue augmentation. In other words, debtservicing costs are eating into an increasingly larger share of new debt raised each year.
12.
Plan Expenditure
36.
The plan size depends on the resources available with the State, Central assistance under the
Gadgil formula and the net borrowings allowed by the Central Government. The composition of the
annual plan outlays for the last ten years is indicated below:
(Rs. Crores)
Table-7
Annual Plan Outlays
2004-05
2008-09
2013-14
1,382
5,665
7,427
Irrigation
3,444
9,017
10,209
Energy
2,096
284
Social Services
3,427
12,322
15,375
Transport
627
2,228
3,049
481
1,383
3,077
11,457
30,618
39,421
Total outlay
17
37.
The growth in plan outlay has been coming down in the recent past. There is a decrease in the
38.
The annexure X gives the trends in developmental expenditure. As seen from the data funding
on social welfare infrastructure such as education & health, water supply & sanitation has not been
commensurate. Some of the key issues relating to expenditure trends include the following:
Capital expenditure dropped in the last five years from 3.5% to 1.79%
Increase in establishment costs (salaries & pensions), rising interest payments, welfare
commitments, power expenditure characterises recent performance
Fiscal stress is the result of expenditure commitment rising faster than revenue receipts, less than
anticipated returns from major projects in irrigation, power etc., and the increasing debt burden
on the Government
Power subsidy went up from Rs.1696.92 crores during 2005-06 to Rs.6617.36 crores by 2013-14
without any improvement in quality of power supplied or in meeting the demand
Share of expenditure on education, health & family welfare,industry & minerals has not
improved.
14.
39.
The expenditure, which used to be around 10% on irrigation and flood control, has doubled in
expenditure on this sector. Following table gives the account of monies invested in the last decade on
irrigation front.
18
Irrigation Expenditure
YEAR
40.
(Rs. in Crores)
Expenditure (Plan)
2004-05
3458.86
2005-06
6680.99
2006-07
9153.71
2007-08
12248.70
2008-09
9020.23
2009-10
11759.41
2010-11
9703.66
2011-12
11416.43
2012-13
11075.44
2013-14 (PreActuals)
10210.83
Total Expenditure
94728.26
Notwithstanding the fact that Rs 94,728.26 crores were invested during the past ten years, almost
entirely on major irrigation projects, the total area irrigated by the canal systems has in fact declined
from 22.31 lakh hectares in 2004-05 to 22.16 lakh hectares in 2011-12, an abysmal performance by any
reckoning. Further, the per hectare cost of irrigation has increased exponentially between 2004 and 2014
due to skewed distribution of funds to projects without priority, unacceptably high cost and time
overruns on account of poor project management.
41.
It is rather disconcerting to note that while Rs 10,070.31 crores were spent to irrigate a net area of
41.15 lakh hectares between 1995-96 and 2003-04, an amount of Rs 94,728.26 crores was spent between
2004-05 and 2013-04 to irrigate a net area of 45.67 lakh hectares. It means, effectively, for bringing an
additional area of 4.12 lakh hectares an exhorbitant amount of Rs 94,728.26 crore was spent during the
period 2004-05 to 2013-14.
19
II.
42.
Due to the variance in methodology adopted for allocation of revenue receipts and expenditure,
the residuary state of Andhra Pradesh will be facing tremendous fiscal challenges.
43.
The total receipts of revenue including States own revenue, Central taxes devolution, grants and
market borrowings are going to be the same for both Telangana and residuary state of Andhra Pradesh with the entire Hyderabad revenue going to Telangana. However, on the expenditure side, due to the
allocation of debt, salaries, pensions and subsidies based on population ratio, the residuary State of AP
will have more i.e., 58% share, while Telangana will have only 42%.
44.
The result is very high revenue deficit and fiscal deficit for the residuary state of Andhra Pradesh
unprecedented and like never before. There has not been any revenue deficit for the State in the last
decade and fiscal deficit has never crossed 3% of GSDP so far. The residuary State of AP, unfortunately
will have a revenue deficit of 4.84% and a fiscal deficit of 7.18% - if the normal Plan voted by the united
State of AP Legislature is to be implemented reflecting the challenges ahead.
45.
The percapita income of the residuary State of Andhra Pradesh vis--vis Telangana is given
below:
Per Capita Income (Current Prices)
Year
AP
(in Rupees)
Telangana %
2004-05
25959
24409
2005-06
282238.72
28987
18.76
2006-07
32961
33381
15.16
2007-08
39780
20.69
39652
18.79
2008-09
44376
11.55
49114
23.86
2009-10
50515
13.84
51955
5.78
2010-11
58733
16.27
66951
28.86
2011-12
66754
13.66
73930
10.42
2012-13
76041
13.91
83020
12.30
2013-14
85797
12.83
93151
12.20
16.79
20
The percapita income is higher than Telangana during 2004-05but has come down since then.
(Rs. Crores)
Table-8
Revenue Expenditure on Salaries and Pensions as Proportion of States Revenue and
Expenditure (Revenue account)
Expenditure on salaries, wages
*Expenditure on establishment
and pensions as % of
as % of
Own revenue
Total
revenue
Revenue
expenditure
Own
revenue
Total
revenue
Revenue
expenditure
2001-02
66.65
46.53
41.11
12.55
8.31
7.35
2002-03
66.41
46.62
41.15
12.17
8.54
7.54
2003-04
65.47
42.42
38.21
15.17
9.83
8.86
2004-05
60.44
42.07
38.63
14.13
9.83
9.03
2005-06
58.82
39.96
39.10
10.81
7.54
7.53
2006-07
53.61
36.85
39.35
10.58
7.27
7.76
2007-08
51.13
33.86
33.96
10.71
7.09
7.11
2008-09
45.99
31.49
32.01
9.86
6.75
6.86
2009-10
55.25
36.71
37.43
9.29
6.18
6.30
2010-11
59.17
40.80
42.08
8.00
5.52
5.69
2011-12
57.72
40.09
41.48
9.21
6.39
6.62
2012-13
54.93
40.14
40.58
9.47
6.92
7.00
2013-14 Pre57.83
41.57
41.75
9.84
7.08
7.11
Actuals
2014-15
60.91
41.27
41.40
9.52
6.45
6.47
(V/Ac BE)
New AP
73.60
43.47
31.48
10.37
6.06
4.44
2014-15
* Non-salary O&M expenditure ( Non-Plan & Plan)
Note - Details of trends in Developmental Expend. (X-Plan & XI-Plan Periods) furnished in Annexure IX
46.
The percentage of expenditure on salaries and pensions in the new State of Andhra Pradesh will
reach 73% of its own revenues from 58% in the combined State, leaving little scope for developmental
expenditure.
21
47.
Details of Revenue Receipts and Expenditure placed in Annexure-X. The impact of division on
Undivided AP
Andhra Pradesh
Telangana
8.46
5.06
(58.32%
3.62
(41.68%)
8,54,822
4,75,859
(55.7%)
3,78,963
(44.3%)
88,876
85,797
93,151
68,993.44
32,164.19
(46.6%)
36,829.25
(53.4 %)
Non-Tax
Rs. Cr
16,461.2
8,635.98
(52.4%)
7,825.22
(47.5%)
1,61,014
92,461
(57.4%)
68,553
(42.6%)
18.8
19.4
18.1
8.05
6.8
9.7
29,457
15839.17
13,617.83
-14,080
- 18,236
+4,156
-12,136
-15,691
+ 3,555
Population (2014)Cr.
GSDP (Rs. Cr.) 2013-14
Revenue
2014-15
0.05
-2.59
-4.84
-7.18
N/A
N/A
Note Details of year-wise Fiscal Deficit and Interest Payments furnished in Annexure-XI
Details of Income of Residuary State of A.P. and that of Telangana State given in Annexure-XII
22
48.
As seen from the table, the residuary Andhra Pradesh is at a significant disadvantage vis--vis
Telangana State. First, the GSDP of the AP State is only 55.7 per cent of the combined States GSDP,
and the percapita income of the residuary AP State is much below the Telangana State.More
significantly, the AP States own revenues are far lower than that of Telangana; Andhra Pradesh State
with 58.32 per cent of the population earns only 46.6 per cent of the total revenues of the combined
State. Further, Andhra Pradesh has much higher debt burden compared to Telangana, as population
ratio was the sole criterion for apportionment of debt between the two States. The Debt/GSDP ratio of
AP is 19.4, compared to 18.1 of Telangana. The borrowing limit of AP is only Rs 2,222 crores more
than that of Telangana.
49.
The resource gap for the current year is estimated at Rs 18,236 crores, which translates to about
4.84 per cent revenue deficit and 7.18 fiscal deficit. The resource gap for the ten-month period of the
current fiscal year is around Rs 15,691 crores, compared to Rs 3,555 crores surplus of Telangana. The
current context has positioned Andhra Pradesh in a fiscally precarious position.
Details
Rs. In crores
Table 10
Residuary State of Andhra Pradesh
2014-15
2014-15
Estimates
(for ten months)
24,739
20,625
3,730
3,458
971
799
2,061
1,708
663
558
32,164
27,148
8,836
7,940
116
103
1014
856
Growth
2. Non-tax Revenue
Forests
Mines & Minerals
23
R.D. Cess
Interest Receipts (incl.
338
258
5049
4856
(4872)
(4686)
2319
1867
29001
25231
15705
13462
4132
4132
9164
7637
70001
60319
Contra int.)
Others
3. Receipts from GoI
Share of Central Taxes
FC Grants
Central Assistance
(incl.CSS)
Total Receipts
(Rs. Crores)
Table - 11
Details
2014-15
Estimates
Salaries
25989
21127
Pensions
9644
7233
Interest Payments
9802
9267
a) Power Subsidy
2626
2188
b) Servicing of Power
875
875
Rice subsidy
2030
1637
1811
1744
4348
4348
Power Sector:
Bonds
24
3048
2540
Maintenance Works
1077
897
Non-salary
2120
1766
14989
14036
78359
67658
786
786
79145
68444
crores
and
adjustment
dues
of
APSEB/GENCO etc.)
After finalization of estimates of non-plan expenditure, the resources available for plan are shown below
(Rs. Crores)
Table-12
Resource availability
Details
1. State Government's Own Funds
(a to c)
Un-divided State
Andhra
10 Months
Estimates 2014-
Pradesh
15
2014-15
-15,787
-17,301
-14,755
-14,080
-18,237
-15,691
-1,364
1,136
1,136
-343
-200
-200
2. Net Borrowings
29,457
15,837
12,195
3. Central Assistance
17,281
9,879
8,352
16,057
9,164
7,637
1,224
715
715
30,952
8,416
5,791
25
50.
As against the available resources for the Annual Plan, the requirement for the major on-going
plan schemes under State Plan against Revenue and Capital works /schemes as per vote on budget 201415 are as follows:
(Rs. in crores)
Table-13
Revenue Expenditure (Plan)
Details
2014-15
2014-15
Estimates
Estimates (Andhra
(Un-divided State)
Pradesh)
Scholarships
1586
862
2626
1469
925
537
1360
803
VaddileniRunalu
650
453
300
182
Assistance to SERP
500
500
3769
1670
18820
10740
30536
17216
ArogyaSree
Housing Programme
(Rs. Crores)
Table-14
Capital Expenditure (Plan)
2014-15
Estimates
(Un-divided State)
Details
Irrigation
2014-15
Estimates (Andhra
Pradesh)
13215
7716
4243
2379
Housing
1001
591
MA&UD & PR
3224
192
26
1454
822
Home
209
112
Others
2199
1660
Total 2.
25545
13472
56081
30688
51.
As seen from the above, it is observed that the available resources of Rs.8416 crores in respect of
Residuary Andhra Pradesh available for Plan Budget is not even sufficient to meet the Central Assisted
Schemes including matching State Share of Rs.10740 crores.
52.
With the kind of Revenue deficit (i.e., 18237 crores for 2014-15 and Rs.15691 crores for 10 month
period ahead) the available resources left for plan are only Rs.8,416 crores for entire year and Rs.5,791
crores for 10 month period. Whereas, united A.P. assembly voted a Plan of Rs.30,688 crores. Further,
the Cabinet recently hiked social welfare pensions resulting in additional requirement of funds by
another Rs.2,048 crores.
53.
Against the requirement of more than Rs.32,000 crores for the plan, as given in the table,
available resource are only Rs.5,791 crores. It means approximately Rs.26,000 crores are required
additionally over and above the limits approved by Government of India (GoI) for the current year
borrowing. This would require relaxation from the limits imposed by FRBM Act.
54.
So far, Market borrowings are strictly used for capital expenditure. A stage has come now,
wherein, we will have to borrow significant amount for revenue expenditure without any asset getting
added.
55.
A continuation of this trend may lead to fiscal imbalances, which may cause irreparable damage
to the economy and adversely affect growth and development of the State. Immediate corrective action
is required and the Government has to decide on an appropriate program to ensure that the fiscal
objectives of the state are achieved in a reasonably short period.
Conclusion
56.
This paper is mainly intended to inform the public about the factual position of state finances so
as to generate an informed debate on various aspects of the states fiscal health and also to educate the
27
public on the adverse consequences of inaction and the necessity for adopting hard and difficult
measures to restore the fiscal health. The numerous problems affecting the state economy have to be
analysed scrupulously and the required corrective actions need to be implemented dispassionately. The
Government invites constructive suggestions and valuable advice from different groups in the society
and political parties in the state. This would help the Government in its endeavour to adopt proper
corrective action in a timely manner so that it can quickly bring fiscal discipline and financial stability.
57.
The Government is committed to rectify the fiscal imbalances that have emerged in the past few
years. The task ahead is very arduous. Government may be left with difficult and painful options.
Government seeks the cooperation and support of the people in its endeavour to move towards the
course of fiscal correction.
58.
Government will necessarily have to play a major role in implementing reforms with greater
thrust in parallel - so as to attract private initiative since it is equally vital for supplementing
governments efforts. Collectively, it should be possible to shift Andhra Pradesh to a higher growth
trajectory - whereby it not only surpasses the national averages in economic performance but also
achieves the goals enshrined in the Vision 2020.
59.
The statement of above factual scenario of the State finances is not in anyway meant to abdicate
our responsibility or go back on welfare and development commitments. Though the State is reeling
under the twin burden of decade long misgovernance and the State reorganisation, it will leave no stone
unturned in exploring the possibilities of mobilising resources required for sustainable development of
the State through innovative means and launch programmes and activities to make the economy boom
and keep the State on a sustained growth trajectory. All citizens are encouraged to become active
stakeholders in revitalising the economy and securing all round development.
****
28
Annexure-I
1
Revenue Receipts
2004-05
Actuals
2005-06
Actuals
2006-07
Actuals
2007-08
Actuals
2008-09
Actuals
2009-10
Actuals
2010-11
Actuals
2011-12
Actuals
2012-13
Actuals
Rs in crores
2013-14
Pre-Actuals
10
11
20006.47
16250.91
3755.57
23897.82
19206.46
4691.37
30413.03
23925.19
6487.83
35857.58
28793.44
7064.13
43041.25
33357.85
9683.40
42978.93
35175.71
7803.22
55859.28
45139.55
10719.73
64977.75
53283.41
11694.34
75874.19
59875.05
15999.14
79596.38
64123.53
15472.86
8743.03
6062.10
2680.92
10953.38
6951.82
4001.56
13832.45
8867.01
4965.44
18284.97
11184.25
7100.72
19817.20
11801.94
8015.26
21699.42
12141.72
9557.70
25137.03
15236.75
9900.28
28575.94
17751.15
10824.79
27956.09
20270.77
7685.32
31122.45
22131.89
8990.56
28749.50
34851.20
44245.47
54142.55
62858.45
64678.35
80996.30
93553.69
103830.28
110718.83
1840.89
522.31
314.57
908.99
396.90
1568.58
2244.06
2719.01
1182.98
1342.29
E Market Borrowings
3317.76
1956.37
2725.86
6650.00
10933.57
15383.10
12000.00
15500.00
20000.00
22411.64
F Deposits (net)
6225.77
9249.59
5153.00
2723.58
1812.49
844.51
699.43
3351.22
909.21
378.78
1372.98
4674.11
182.44
1492.04
471.34
1509.79
190.95
3573.45
369.77
4022.18
142.91
2801.78
172.61
4478.42
164.92
1230.62
425.77
2127.71
574.94
1538.20
1889.32
6557.71
12063.87
20604.68
17534.91
20740.88
19594.51
22965.76
24645.67
26245.85
I Other Receipts
Total capital receipts
J (D to I)
17431.51
13402.75
Annexure-II
1 Sales tax
Stamps and
4 Registration
5 Land Revenue
6 Profession tax
23.01
14.85
8.18
23.28
19.78
16.63
19.70
5752.61
5848.59
8264.67
9612.36
9129.41
6250.26
28.28
28.01
17.58
42.37
1.67
41.31
16.31
-5.02
-31.54
1355.74
1364.74
1603.80
1800.62
1995.30
2626.75
2986.41
3356.60
3335.18
16.01
0.66
17.52
12.27
10.81
31.65
13.69
12.40
-0.64
2013.45
2865.38
3086.06
2930.99
2638.63
3833.57
4385.25
5115.24
4393.18
45.07
42.31
7.70
-5.02
-9.97
45.29
14.39
16.65
-14.12
68.75
113.50
144.39
130.35
221.56
170.74
140.56
61.78
73.62
104.66
65.10
27.21
-9.72
69.98
-22.94
-17.68
-56.05
19.18
226.67
311.75
355.54
374.35
430.36
490.33
539.90
580.01
519.95
26.06
37.53
14.05
5.29
14.96
13.94
10.11
7.43
-10.36
315.66
366.11
536.48
517.27
401.04
608.64
708.92
917.34
813.93
-9.21
15.98
46.53
-3.58
-22.47
51.77
16.48
29.40
-11.27
19206.46
18.19
23925.19
24.57
28793.44
20.35
33357.85
15.85
35175.71
5.45
45139.55
28.33
53283.41
18.04
59875.05
12.37
64123.53
7.10
179.81
% increase over
pre. Year
Others
(including
entertainment
tax, electricty
duty, etc.
347.70
% increase over
pre. Year
Total Tax
Revenue
16250.91
% increase over pre. Year
10
40714.67
Rs in crores
2013-14
PreActuals
4040.69
33.59
9
34910.01
2012-13
Actuals
23.33
% increase over
pre. Year
8
29144.85
2011-12
Actuals
3436.63
1387.91
7
23640.22
2010-11
Actuals
13.60
% increase over
pre. Year
6
21851.66
2009-10
Actuals
2684.57
1168.64
5
19026.49
2008-09
Actuals
2092.67
% increase over
pre. Year
4
15467.08
2007-08
Actuals
3
12541.61
% increase over
pre. Year
Taxes on
3 motor vehicles
2006-07
Actuals
2
11040.60
% increase over
pre. Year
2 State excise
2005-06
Actuals
11
48737.41
Annexure-III
Interest receipts
1 (excl. contra Int.)
Forestry and Wild
2 Life
Other Rural
Development
3 Programmes
Non-Ferrous
Mining and
Metallurgical
4 Industries
Education, Sports,
5 Art and Culture
6 Police
7 Major Irrigation
8 Others
9 Contra Interest
Total
2004-05
Actuals
2005-06
Actuals
2006-07
Actuals
2007-08
Actuals
2008-09
Actuals
2009-10
Actuals
2010-11
Actuals
2011-12
Actuals
2012-13
Actuals
Rs in crores
2013-14
Pre- Actuals
10
11
131.26
101.88
217.25
231.64
186.43
202.90
191.30
340.90
1765.58
737.61
121.69
137.93
87.11
90.92
93.22
103.11
139.06
149.22
168.78
203.65
186.02
187.66
230.70
296.61
556.82
563.48
535.34
716.92
703.17
689.30
873.53
1062.57
1321.25
1597.56
1684.98
1887.26
2064.86
2336.74
2771.04
2730.56
69.14
50.15
69.35
62.94
139.55
79.13
61.35
99.83
111.68
105.36
55.09
130.09
237.95
170.99
675.02
246.01
1195.77
261.91
1675.55
294.71
0.00
744.61
1579.18
0.00
1131.41
1937.64
0.00
2398.92
2013.92
0.00
1392.51
3293.70
0.00
3643.93
3300.97
0.00
212.66
4648.62
0.00
1797.24
5582.99
56.13
1235.48
5937.92
122.03
1150.88
7859.96
191.80
1040.94
7908.74
3755.57
4691.37
6487.83
7064.13
9683.40
7803.22
10719.73
11694.34
15999.14
15472.86
Annexure-IV
Year
1
Net
Gross Loans Borrowings
2
3
Debt Servicing
Principal
Interest
4
5
Total
6
Debt
Service as
% of
Gross
Loans
7
State's
Own
Revenue
8
(Rs. in crores)
Interest
payments
as % of
Interest
states own payments as
revenue % of GSDP
9
10
2004-05
17393.20
12041.07
5352.13
7091.41
12443.54
71.54
20006.47
35.45
3.16
2005-06
9923.26
4621.02
5302.24
7008.1
12310.34
124.06
23897.82
29.33
2.74
2006-07
10484.42
6204.07
4280.35
7280.30
11560.65
110.27
30413.03
23.94
2.42
2007-08
13501.87
8031.70
5470.17
7588.72
13058.89
96.72
35857.58
21.16
2.08
2008-09
17703.31
11877.66
5825.65
8057.12
13882.77
78.42
43041.25
18.72
1.89
2009-10
22136.32
15932.76
6203.56
8913.59
15117.15
68.29
42978.93
20.74
1.87
2010-11
21852.27
14000.99
7851.28
9674.74
17526.02
80.20
55859.28
17.32
1.69
2011-12
22826.04
14857.18
7968.86
10560.77
18529.63
81.18
64977.75
16.25
1.61
2012-13
26890.46
17969.88
8920.58
11661.86
20582.44
76.54
75874.19
15.37
1.58
2013-14
Pre - Actuals
28965.41
21835.74
7129.67
12910.64
20040.31
69.19
79596.38
16.22
1.53
Annexure-V
Year
Opening
Balance
Amount
advanced
during the
year
Amount
repaid
during the
year
Net Loans
Interest
Received
2004-05
9418.57
1593.14
1372.98
220.16
55.41
2005-06
9638.73
756.49
182.44
574.05
9.18
2006-07
10212.78
906.69
471.34
435.35
4.22
2007-08
10648.13
2920.72
190.95
2729.77
9.95
2008-09
13377.9
3413.37
369.77
3043.6
3.57
2009-10
16421.5
1589.82
142.91
1446.91
2.57
2010-11
17868.41
3314.93
172.61
3142.32
22.99
2011-12
21010.73
4983.20
164.92
4818.28
75.04
2012-13
25829.01
3912.86
425.77
3487.09
106.56
2013-14
Pre - Actuals
29316.10
3689.20
574.94
3114.26
141.89
Annexure-VI
EXPENDITURE ON SALARIES AND ESTABLISHMENT
(Rs. In Crores)
Year
Pay and
Allowances and
Travelling
Allowance
Wages
Grants in-aid
for Salaries
Pensions
Total
Expenditure
including
Pensions
(2 to 5)
Establishment cost as % of
States Own Total Revenue
Revenue
Receipts
2004-05
5378.17
25.35
3692.48
3016.78
12112.78
60.54
42.13
2005-06
8597.40
21.03
1766.05
3196.95
13581.43
56.83
38.97
2006-07
9973.41
23.59
2144.60
4150.49
16292.09
53.57
36.82
2007-08
10945.65
33.78
2256.29
5092.13
18327.85
51.11
33.85
2008-09
12234.67
30.92
2264.68
5518.46
20048.73
46.58
31.90
2009-10
15439.24
36.16
2298.35
6339.02
24112.77
56.10
37.28
2010-11
20905.04
277.48
2809.67
9609.42
33601.61
60.15
41.49
2011-12
23489.61
39.68
3226.93
11109.85
37866.07
58.28
40.48
2012-13
26134.97
40.64
3819.61
12089.30
42084.52
55.47
40.53
2013-14
Pre - Actuals
28790.12
51.77
3990.54
13682.31
46514.74
58.44
42.01
Annexure-VII
2004-05
2005-06
4
2006-07
5
2007-08
6
2008-09
7
2009-10
8
2010-11
9
2011-12
10
(Rs. in Crores)
2013-14
2012-13
PreActuals
11
12
1381.62
1449.86
1972.47
2 Irrigation
3444.09
6672.05
9147.55 12234.83
3 Energy
2095.93
56.83
37.45
4 Social Services
3426.73
3387.79
4548.65
8159.18 12322.11
5 Transport
626.99
1113.08
1322.62
1689.05
2228.31
2101.72
1948.71
2015.86
2373.11
3048.78
Others(Industries,General Economic
6 Services etc)
481.18
759.80
1178.24
2618.05
1382.67
1350.09
1015.00
1535.59
2332.18
2403.12
Total outlay
2442.07
27.62
5664.90
4671.54
9017.10 11757.58
2.59
12.06
5925.21
8028.38
8339.20
7426.54
1498.57
405.46
284.16
11456.54 13439.41 18206.98 27170.80 30617.68 29390.97 31576.36 39265.05 40221.04 38746.25
Annexure-VIII
Sl.
1
Item
2
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 PreActuals
3
4
5
6
7
8
9
10
11
12
1860.92
3988.05
8517.90
18651.02
1290.88
1955.61
2725.86
22411.64
3476.96
4914.03
4143.77
387.44
323.20
1531.19
3005.75
347.23
481.39
719.02
756.58
583.28
960.99
1602.81
3797.57
3674.23
2216.32
7938.44
1463.33
124.63
8 Negotiated Loans
2506.23
994.34
1010.43
1425.76
1360.44
9 Power Bonds
1080.60
285.60
250.00
2070.68
243.61
506.89
309.49
894.00
3247.52
1448.74
2372.37
7.15
6.50
-457.22
636.27
1220.36
3579.77
3667.94
-855.74
1821.30
-2394.82
-2547.37
1123.70
1083.61
1230.62
1409.71
901.93
394.51
865.01
2243.93
2719.01
1182.98
1342.29
3792.42
4039.44
4254.38
3318.59
3956.81
3222.60
2816.47
154.50
148.00
191.66
199.16
298.83
758.62
298.76
426.20
375.05
191.93
-74.93
80.06
-318.18
263.94
-639.05
966.62
-468.30
-6994.97
-5351.02
-4399.13
-5197.18
-5169.85
-5469.53
-7663.26
-6761.00 -10066.94
-9864.28
1303.69
200.00
1747.76
1447.24
39421.05
2360.03
170.91
Annexure-IX
2013-14
Pre-Actuals
Social Services
31.3
29.7
31
30.8
37.4
35.3
38.1
38.2
31.1
36.3
34.6
38.3
35.9
12.3
12.4
11.7
9.7
9.6
10.8
13.5
13.8
12.4
11.8
12
14.1
14.5
3.9
3.7
3.7
4.1
4.3
4.6
4.7
4.3
4.2
4.6
4.6
5.6
6.2
8.9
11.2
6.8
6.7
5.7
5.9
7.6
7.1
5.3
2.3
0.1
0.1
0.1
0.2
0.4
0.3
0.1
0.3
0.1
0.2
0.2
0.2
0.2
3.3
3.8
3.8
4.5
4.3
5.4
5.7
3.8
4.8
4.5
6.5
6.0
0.2
0.2
0.2
0.2
0.3
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
4.4
4.1
5.3
4.3
7.5
8.5
7.5
7.7
4.4
7.2
6.3
7.5
7.9
Others
0.1
0.1
0.1
0.1
0.1
0.1
0.2
33.6
38.6
38.6
42.7
37.3
37.4
32.8
34.1
35.5
36.4
36.1
35.8
33.1
B Economic Services
Agriculture and Allied Activities
4.5
2.9
2.9
3.1
3.2
3.3
3.9
3.3
3.7
3.6
3.9
3.1
Rural Development
4.7
4.6
4.7
4.3
4.1
3.1
3.9
3.4
4.7
3.7
3.0
3.5
13.7
20.3
21.8
22.6
16.7
21.2
16.8
16.2
15.9
18.4
17.6
16.5
14.4
Energy
5.7
4.2
3.1
6.6
4.9
4.1
4.6
5.4
5.5
5.1
5.2
5.7
5.9
0.8
0.6
0.6
0.5
0.6
0.5
0.9
0.6
0.7
0.8
0.7
Transport
3.2
4.4
3.8
3.3
2.4
2.9
3.9
3.2
3.4
3.8
3.8
0.8
1.4
1.5
1.4
2.1
1.3
1.8
1.3
1.7
1.6
2.1
1.7
Total (A+B)
64.9
68.3
69.6
73.5
74.7
72.6
71
72.3
66.6
72.7
70.8
74.1
69.0
TOTAL EXP*
100
100
100
100
100
100
100
100
100
100
100
100
100
Annexure-X
Revenue Receipts
Revenue
Expenditure
2004-05
28749.50
31307.33
-2557.83
2005-06
34851.19
34915.30
-64.11
2006-07
44245.47
41438.40
2807.07
2007-08
54142.55
53983.56
158.99
2008-09
62858.45
61854.22
1004.23
2009-10
64678.35
63447.93
1230.42
2010-11
80996.30
78534.26
2462.04
2011-12
93553.69
90415.36
3138.33
2012-13
103830.28
102702.39
1127.89
110718.82
110248.78
470.04
Surplus/Deficit
Annexure-XI
Total
Expenditure
Interest
Payments
Fiscal Deficit
GSDP
Fiscal
Deficit %
to GSDP
Revenue
Surplus/
Deficit
(Rs. crores)
Revenue
Deficit % to
GSDP
2004-05
45747
7091.41
8192.23
224713
3.65
-2557.83
-1.14
2005-06
48628
7008.1
8299.85
255941
3.24
-64.11
-0.03
2006-07
56502
7280.30
5642.96
301035
1.87
2807.07
0.93
2007-08
74672
7588.72
8787.00
364813
2.41
158.99
0.04
2008-09
80467
8057.12
12405.83
426765
2.91
1004.23
0.24
2009-10
85108
8913.59
14009.54
476835
2.94
1230.42
0.26
2010-11
100854
9674.74
11803.47
583762
2.02
2462.04
0.42
2011-12
115882
10560.77
15401.93
662592
2.32
3138.33
0.47
2012-13
129441
11661.86
17508.02
754409
2.32
1127.89
0.15
2013-14 Pre-Actuals
136504
12910.64
17915.77
857364
2.09
470.04
0.05