Question

As per Andhra Pradesh Budget 2017 -18, what portion of the Government’s expenditure is estimated to be spent on debt servicing, i.e., debt repayments and interest payments during FY 2017-18?
1. 10.5%
2. 12.5%
3. 14.5%
4. 16.5%

Answer 1

Correct Answer - Option 3 : 14.5%

The correct answer is 14.5%.

• Andhra Pradesh Budget 2017-18​
  • The Finance Minister of Andhra Pradesh, Mr. Yanamala Ramakrishnudu presented the Budget for Andhra Pradesh for the financial year 2017-18.
  • Total Expenditure is estimated at Rs.1,56,999 crore, an 18.3% increase over the revised estimate of 2016-17.
  • Total receipts excluding borrowing are estimated at Rs.1,26,968 crore, a 17.9% increase over the revised estimate of 2016-17.
  • Total interest payments are estimated at Rs.14,783 core, a 21.1% increase over the revised estimate of 2016-17.
  • The Fiscal Deficit is estimated at 3.0% for the year 2017-18.

• Andhra Pradesh (As of May 2021)
  • ​Chief Minister: Y.S. Jaganmohan Reddy
  • Finance Minister: Buggana Rajendranath Reddy
  • ​​​​Governer: Biswabhusan Harichandan 
  • Capitals: Hyderabad, Visakhapatnam, Amaravati, Kurnool
  • State Mammal: Blackbuck
  • State Bird: Parrot
  • State Tree: Neem​
  • State Flower: Jasmine
  • State Dance: Kuchipudi