The finances and expenditures of Andhra Pradesh in the first nine months of this financial year paint a very worrisome picture. The Revenues of the state were increasing for the last four years but it has registered a fall this fiscal. Till December-end, the state managed 72,322 Crore revenues while it was 83,186 Crore the same time last year.
Total collections till December are at 1,12,779 Crores while at the same time last year, it was 1,20,206 Crore. What is more worrying is the emphasis of the Government on Welfare Schemes ignoring Capital Expenditure. This expenditure is towards the longterm benefits like the creation of infrastructure.
This indicates that the Government is giving more importance to the welfare schemes after routine expenses like Salaries, Pension, Loans, Interests, etc. According to the budget estimates, the Government has to spend 32,293.39 Crore towards the Capital expenditure but in the nine months period, they have spent only 5805.24 Crore which means less than 20%.
During the same time last year, it was the highest in the last four years at 16,555 Crore. YSR Congress Government is saying that welfare schemes are also a new form of Capital Expenditure as they improve the quality of life.Don't MissRamoji Rao's Donations Brings Questions on JaganMedia Baron and Eenadu Group Chairman, Ramoji Rao had announced a donation of 10 Crore...Don't MissCorona Virus Deaths in US Cross That of 9/11 TollThe United States has become the Epicenter of Coronavirus infections across the globe. The country...Don't Missవిరాళం ఇవ్వమని ఇండస్ట్రీ లో డిమాండ్ చేస్తున్నారా?కరోనా విపత్తు సమయంలో రాష్ట్ర ప్రభుత్వాలకు, పస్తులు ఉంటున్న సినీ కార్మికులకు విరివిగా విరాళాలు ప్రకటించి ఆదర్శప్రాయంగా నిలించారు. తెలుగు...Don't MissAround 1100 From AP and TS Visits the Epicenter of Corona Cases in India?Over 8000 people from across India and countries like Indonesia, Malaysia, Kyrgyzstan, Bangladesh, etc. attended...Don't MissWow, KCR Takes Bravest Decision. What About Jagan?The Coronavirus impact is shattering the economies across the globe. Things are even worse in...