AP Finance Minister Buggana Rajendranath About Union Budget 2023

Feb 01, 2023, 16:46 IST

AMARAVATI: Andhra Pradesh Finance Minister Buggana Rajendranath said that a few of the budgetary allocations were satisfactory and welcomed the central government's decision to reduce income tax slab rates, in response to the Union Budget 2023 which was presented today.

Speaking at a media conference on the Union Budget after the Union Finance Minister presented the Budget in a joint session of the Parliament on Wednesday, he said that while allocations for fertilizer, urea, rice, and wheat subsidy were decreased, allocations for agriculture and roads and railways were more. He mentioned that the budget was prepared giving priority to seven sectors. But the issues related to the states were not mentioned," the minister rued.

Also Read: Union Budget 2023 Major Highlights

"Our suggestions were considered in the pre-budget meetings held with the states. We want to implement a pump storage system. AP is a role model in this field and they have announced a policy on this. In this budget, there are some decisions that are in accordance with the schemes implemented in our state. The construction of nursing colleges, skill development centers, airports, and ports are some of them. It is useful for the development of house construction and Ekalavya schools. He said the Central government's initiative of setting up an Urban Infrastructure Development Fund, and the reduction in the excise duty on aqua feed were also some of the suggestions made by the state that was accepted by Union Finance Minister Nirmala Sitharaman.
Increasing PM Awaas Yojana allotments by 60 percent, providing importance to new railway lines, allocation of Rs 10 lakh crore to infrastructure creation, setting up 175 new nursing colleges, and opening new digital libraries are some of the initiatives that would benefit Andhra Pradesh, he further said.

Also Watch: Finance Minister Buggana Rajendranath Talk About The Union Budget 2023