NITI Aayog Says Concerned Over Andhra Pradesh’s “Huge” Revenue Deficit

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Jagan Reddy requested the NITI Aayog to make sure that the Central grants to the state weren’t minimize down.

Amaravati: 

NITI Aayog Vice-Chairman Rajiv Kumar on Friday expressed concern over Andhra Pradesh’s “huge” income deficit and rising unbudgeted expenditure even because the YSRC authorities pitched for “liberal” help from the nationwide planning physique in addition to the 15th Finance Fee, citing losses as a result of state’s bifurcation.

Mr Kumar held a high-level assembly in Amaravati with Chief Minister Jagan Mohan Reddy, ministers and state authorities officers and mentioned a number of points.

A press launch from the Chief Ministers Workplace mentioned the NITI Aayog Vice-Chairman expressed concern over the states mounting income deficit in addition to unbudgeted expenditure.

“The revenue deficit appears to be worrisome. Also, the unbudgeted expenses appear to have risen,” Rajiv Kumar was quoted as saying.

Within the 2019-20 finances, the Jagan Mohan Reddy authorities has estimated that the income deficit can be Rs 1,778.52 crore and the fiscal deficit Rs 35,260.58 crore.

Finance Minister Buggana Rajendranath had earlier mentioned the states income deficit in 2018-19 was Rs 11,654.91 crore, down from Rs 16,151.68 crore within the earlier yr.

On Friday, the NITI Aayog Vice-Chairman requested the state to concentrate on (attracting) investments and public borrowings aside from meals processing sector and export of agro merchandise.

The Aayog was able to work with the state authorities on this regard, he added.

The CMO launch mentioned the Vice-Chairman appreciated the Chief Ministers imaginative and prescient and plans and promised to do what all we will and co-operate in an applicable method.

The Chief Minister requested the NITI Aayog to make sure that the Central grants to the state weren’t minimize down.

“Our state has been suffering from certain problems that have come as inheritence. Nevertheless, we have introduced a slew of programmes to improve healthcare, educational infrastructure, nutritious food to children. We are implementing multi-pronged plans to overcome illiteracy in the state,” Jagan Reddy mentioned.

Chief Secretary L V Subrahmanyam famous that the state suffered extreme loss as a result of bifurcation.

“NITI Aayog’s co-operation is essential to fill this void. The Aayog and the 15th Finance Commission should extend liberal financial assistance to AP. We will also become partners in making India a five trillion dollar economy if you lend us a helping hand,” the Chief Secretary mentioned.

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