A lot has been said and reported about the bad financial condition of Andhra Pradesh. The state has come to a position that it can not pay salaries and pensions for Government employees if they do not get loans. There is a dissent in the employees that they have become the last priority for the government.
Jagan Government has borrowed breached the quantum of loans Chandrababu Naidu government in just two years. The Government has almost exhausted its annual limit for loans in less than six months of the new financial year. That means the real struggle for the government begins in the coming months.
The money the Andhra Pradesh government is getting through RBI security auctions is being deposited back to the Overdraft accounts. There are demands that the Central Government should take stock of the situation and impose financial emergency if needed.
Watch this complete video of BBC’s analysis about AP’s Bad Financial condition:
ఆంధ్రప్రదేశ్ ఆర్థిక పరిస్థితి దిగజారిపోతోందా? రాష్ట్రం అప్పుల ఊబిలో కూరుకుపోయిందా? ఏపీలో ఆర్థిక అత్యవసర పరిస్థితి విధించాల్సిన పరిస్థితి వస్తోందా? #AndhraPradesh #TDP #YSRCP pic.twitter.com/eaPwiz9gc7
— BBC News Telugu (@bbcnewstelugu) August 16, 2021
