Amaravati: AP budget for the year 2018-19 has been approved. The finance minister Yanamala Ramakrishnudu presented the budget at 11.30am today and the BJP ministers Kamineni and Manikyala Rao were not present at the session.
The budget will be around Rs 1,96,800 crores including the revenue expenditure of Rs 1,63,660 crores and the capital cost of Rs 33,160 crores.
As estimated by the 14th finance commission, the total gross production of the state is amounted to be of Rs 8,70,330 crores and Rs 30,000 crores will be lent from the center. Over Rs 70,000 crores will be generated from the taxes.
On the other hand, the BJP ministers will submit their resignations to the AP chief minister Chandrababu Naidu in the assembly.The ministers will resign from the party on the orders of the center.