The YSRCP government, headed by YS Jagan Mohan Reddy, has never been known for being financially sound. The government has now come under lots of pressure for not being able to credit state government employees with their salaries. The salaries have been delayed by 4 days so far, but this hasn’t been a major problem so far, as there were holidays. However, sources say that there could be a further delay in crediting salaries for a few more days.
Usually, the government shouldn’t have much problem with crediting salaries on time, despite holidays, as the process of crediting salaries starts on the 25th of the previous month. It is being said that the government is having a problem with crediting salaries on time, as the expenditure towards the cash benefit programs has become very high for the government.
On top of all of this, the government owes arrears of over 20 months to pensioners. Not less than Rs. 5,000 Crores is needed to pay the salaries of over 5 Lakh government employees and the pensions of over 3.5 Lakh pensioners.
The AP government is currently in a huge financial crisis, with most of their income going to welfare schemes. The financial crisis is expected to become worse in the coming days, unless and until the government comes up with some kind of idea to increase its revenue.
Recent Random Post:
