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The Andhra Pradesh government's gross debt burden has increased to Rs 3,73,140 crore by the end of November 2020. CAG's latest accounts revealed that from April to November 2020 alone Rs 73,811.85 crore was borrowed from different sources as against the annual target of Rs 48,295.59 crore for the whole year.
In the month of November alone, the government borrowed Rs 13,001 crore to foot the freebies bill.
Against the targeted Rs 18,434.15 crore for the entire financial year, the revenue deficit shot up to Rs 57,925.47 crore by the end of November itself.
The state government borrowed Rs 9226.375 crore on an average per month so far during the 2020-21 financial year.
The current borrowing trend indicated that the state government may raise a loan of at least another Rs 30,000 crore by the end of March 2021, taking the total borrowing to over Rs 1.04 lakh crore in the 2020-21 financial year.
https://economictimes.indiatimes.com/news/economy/finance/andhra-pradesh-faces-debt-burden-of-rs-3-73-lakh-crore-cag/articleshow/80084409.cms
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You can enroll as a voter for MLC elections now if you have not enrolled earlier. https://ceotserms1.telangana.gov.in/MLC/Form18.aspx The Andhra Pradesh government's gross debt burden has increased to Rs 3,73,140 crore by the end of November 2020. CAG's latest accounts revealed that from April to November 2020 alone Rs 73,811.85 crore was borrowed from different sources as against the annual target of Rs 48,295.59 crore for the whole year. In the month of November alone, the government borrowed Rs 13,001 crore to foot the freebies bill. Against the targeted Rs 18,434.15 crore for the entire financial year, the revenue deficit shot up to Rs 57,925.47 crore by the end of November itself. The state government borrowed Rs 9226.375 crore on an average per month so far during the 2020-21 financial year. The current borrowing trend indicated that the state government may raise a loan of at least another Rs 30,000 crore by the end of March 2021, taking the total borrowing to over Rs 1.04 lakh crore in the 2020-21 financial year. https://economictimes.indiatimes.com/news/economy/finance/andhra-pradesh-faces-debt-burden-of-rs-3-73-lakh-crore-cag/articleshow/80084409.cms
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