In order to meet its social welfare commitments and interest repayment in Amaravati, the Andhra Pradesh Government sought loan approval.
On the 9th of December, Mr. V. Vijayasai Reddy, the Member of Parliament (MP) of the Yuvajana Sramika Rythu Congress Party (YSRCP) appealed to the Central Government to allow borrowing of additional money. The appeal was made in the view of financial expenses being a burden for the Andhra Pradesh Government, due to insufficient funds.
The appeal was made during the ongoing Rajya Sabha (Winter Parliament Session) in Delhi. Mr. Vijayasai Reddy repeated the request and said since bifurcation, injustice had been done to Andhra Pradesh. Most revenue sources had gone to Telangana, and Andhra Pradesh was still reeling under deficit due to its unscientific division. As the 14th Finance Commission rightly said Andhra Pradesh would remain a deficit state at the end of the award period. He further said, “Despite these hurdles, our Chief Minister has been able to steer the state, with little help from the Centre, towards welfarism through Navaratnalu, the state’s nine flagship schemes focusing on welfare and development.”
Notably, the Finance Minister allowed 7 states to additionally borrow 0.5 % of gross state domestic product (GSDP.) Referring to it, the YSRCP representative said, the State should be given priority in it and allowed an additional borrowing of 0.5% of the GSDP.
The Bharatiya Janata Party (BJP) led Central Government is yet to respond to the appeal.
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