The Financial Health of Andhra Pradesh is quickly failing. While the income and expenditures are expected to increase year on year, this year the incomes are falling while Expenditure is on a quick rise. The First Eight Months of the current fiscal indicate that this year is far behind the last year.
Till November-end, the income of Andhra Pradesh Government has arrived at 98,790 Crore while during the same time in the last fiscal, the Government income was around 1,08,700.45 Crore. When compared to last year, the State registered income 10,000 Crore less. A Majority of the loss is due to the decrease in Central Taxes.
The Government is mostly confined to paying salaries, Pensions, Interests, Government Maintenance, and Various Welfare Schemes. The expenditure on various irrigation projects and infrastructural projects is only nominal this year. With Polavaram also stopped, not even one irrigation scheme was allotted decent funds.
Things are going to get worse as the Government is gearing up to major schemes like Amma Vodi from this month. Its high time Jagan Mohan Reddy Government pull up the socks and take remedial measures. Mere focus on Welfare Schemes will ruin the state and the coming years are going to be even tough.Don't MissA Vaccine Used in India since 1948 May Help Protect from COVID-19A preliminary study posted on medRxiv, a site for unpublished medical research claims that Countries...Don't MissCan India Afford to Relax the Lockdown?We are on the Eleventh Day of the Three Weeks Nationwide Lockdown. The country did...Don't MissOne Coronavirus Vaccine Showing Good Results - Details Here:A potential vaccine for Coronavirus has been developed and tested successfully in mice and there...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...