If we want to quote an example of how a state should not be bifurcated, then we can show Andhra Pradesh as an example. Without giving any explanation, we can say what we want to say. The divided state had no capital city and no required finances. With the union government not supporting the state, Andhra Pradesh is lagging in development.
The divided state has been taking loans in big amounts for the development programs. Compared to earlier, the borrowings are breaking records, and compared to the combined state, the divided state is taking more borrowing making everyone concerned about the future of the state.
After the YSRCP came to power, the borrowings are seeing record numbers with the state government spending majority of borrowings on the welfare schemes. Many experts have warned the Andhra Pradesh government that if the precautionary measures were not taken the state might turn into Sri Lanka.
Breaking all the previous records, Andhra Pradesh borrowed a massive amount as borrowing for the month of May. It is said that the state borrowed around Rs 9,500 crore in May alone. The Union government gave its nod for the state government to get a loan of Rs 28,000 crore for the financial year 2022-23.
While the question of why the Union government permitted the YSRCP-led Andhra Pradesh government to get the loans to such a tune gets attention, the majority of loans permitted for the financial year were taken in one month.
In May, the state government borrowed as much as Rs 4,390 crores. It was very high as borrowings were not taken to such a tune even in the combined state. Back when Andhra Pradesh used to be combined, the government did not take loans in such a big amount.
As the borrowings in April were very high, Andhra Pradesh broke the record by taking double the amount in May by taking Rs 9,500 crores. Experts say that the debts faced by the state stood at Rs 7.88 lakh crores as of now. The monthly borrowings being taken by the state government are very high than the prescribed amount.
Recent Random Post:
