New Delhi: The Union Budget announced on Thursday allocates Rs 33,929.84 crores for Andhra Pradesh as part of the state's share of the Central taxes. The amount stands at 19,207.43 crores for Telangana.
It may be recalled that each year, the Central government allocates certain amount from the central taxes to each state. The 14th Finance Commission, in the current year, earmarked 42 percent of that collected tax to be distributed to the states as their share.
The following is the break-up of the share that AP and Telangana are allocated.
Andhra Pradesh
When compared to 2016-17, the total is a deficit of Rs 849 crore
Telangana
When compared to 2016-17, the total is a deficit of Rs 481 crore