TDP blamed for State’s financial woes
The Hindu
During its term, the borrowings had exceeded the permitted limit, says Special Secretary to CM
Reiterating that much of the State’s financial woes were the result of “fiscal profligacy” of the previous TDP government, Krishna Duvvuri, Special Secretary to Chief Minister (finance and economic affairs), asserted on Wednesday that bifurcation of Andhra Pradesh (AP) had caused severe distress on account of a debt of ₹97,123 crore assigned at that time, which increased to ₹1,20,556 crore due to the sharing of public account, and the overall debt ballooning to ₹2,68,225 crore since 2015-16. Mr. Krishna claimed that the per capita revenue of Telangana was ₹15,454 at the time of bifurcation against A.P.’s ₹8,979. This largely reflected the miserable situation in which the State was mired right from the day of becoming the “successor State of A.P.,” Mr. Krishna said while addressing the media here.
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