Screening Paper I · 3 Indian & AP Economy and Planning · APPSC Group 1

3.5.8 State budget and public finance notes

3 notes, in reading order.

  1. 3.5.8.1AP Budget 2026-27: size, receipts, expenditure and major allocations

    Finance Minister Payyavula Keshav presented AP's ₹3,32,205 crore Budget for 2026-27 on 14 February 2026. It raises capital spending to 16% of the total and keeps welfare (pensions, Thalliki Vandanam) as the largest block of revenue spending.

    Advanced · 8 min · Full course
  2. 3.5.8.2AP's fiscal indicators and debt: deficits, debt–GSDP ratio and borrowing trends

    AP's fiscal deficit rose to 5.11% of GSDP in 2024-25 (Accounts) and is budgeted to fall to 3.84% in 2026-27. Public debt holds at about 36% of GSDP, and market loans make up about three-quarters of the debt.

    Advanced · 7 min · Full course
  3. 3.5.8.3AP's revenue sources: own tax and non-tax revenue, central transfers and Finance Commission share

    About 54% of AP's revenue receipts are its own taxes, led by GST and liquor excise. The rest come mostly from the Centre: tax devolution (AP's share rose to 4.217% under the 16th Finance Commission) and grants.

    Advanced · 8 min · Full course

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