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Debts have to be made for the implementation of welfare schemes in AP. Recently, the Jagan government borrowed another Rs 2,000 crore. The YCP government has auctioned off security bonds at the Reserve Bank. One crore was auctioned at 7.63 per cent interest for a period of 8 years. Another Rs 1,000 crore was auctioned at 7.46 per cent for a period of five years. The AP government raised a debt of Rs 5,000 crore in the last week.
It is learned that the Center has sanctioned Rs 36,000 crore under FRBM. Jagan Sarkar has already raised Rs 5,000 crore in debt through auction of security bonds. At this juncture, it is likely to complete the Rs 36,000 crore limit in another three months. It is well known that the opposition is already criticizing the AP government debt. It is known that Eddewa wanted Janasena to talk to Pawan Kalyan in the AP not about the alliances of political parties but about the growing debts. As if this were not enough the Accountant General’s Office asked them to send them details about the debts. Asked for details on guarantees to corporations by the 31st of this month.
If so .. It is well known that the Center has made it possible for various states to incur additional debts as an incentive for implementing power reforms. Andhra Pradesh is also on the list. In addition to the AP, Rs. The Center last month offered a loan of Rs 3,716 crore. A total of Rs. 28,204 crore was allowed to incur additional debts. By the end of the month, the AP government will have to scramble to raise funds. Tax revenue has been steadily rising since the end of the Kovid crisis compared to the past.
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