India, March 1 -- Andhra Pradesh finance minister Payyavula Keshav on Friday presented the state's annual budget for the financial year 2025-26 in the state legislative assembly with an outlay of Rs.3.22 lakh crore.

It was the first full-fledged budget of the N Chandrababu Naidu government in the present tenure, after the Telugu Desam Party (TDP)-led alliance came to power in June 2024. During the 2024-25 financial year, the state government presented only vote-on-account budget.

In the latest budget, the finance minister projected an estimated revenue expenditure of Rs.2.51 lakh crore and capital expenditure of over Rs.40,635 crore. The estimated revenue deficit is around Rs.33,185 crore (1.82% of the GSDP) and the fiscal deficit is ar...