RBI Report: దేశంలో అప్పుల భారం ఉన్న టాప్‌ టెన్ రాష్ట్రాల్లో ఏపీ

The Reserve Bank of India has released a special report on the indebted states in the country. The report details the debt of the respective states. Andhra Pradesh is also one of the top ten debt-ridden states in the country. The RBI has said that Andhra Pradesh has crossed the debt and fiscal deficit limits set by the 15th Finance Commission in the 2020-21 financial year. The RBI has said that the AP state has given bank guarantees of 9 per cent of GDP, the highest in the country for non-budgetary loans. In the first few months of this financial year, the Special Drawing Facility said that the AP had made full use of the opportunities of the Chebads.

According to the Reserve Bank of India, Andhra Pradesh is the only state to have borrowed at this level. AP has announced that Telangana, Manipur and Nagaland are next in the list. However, the RBI has stated that Andhra Pradesh does not have the facility to borrow in the open market in Telangana. AP said it had borrowed Rs 4,000 crore using the facility. He said the central government had not allowed Telangana to take loans in the open market. According to the RBI, inflation in AP, Maharashtra, Telangana and West Bengal has crossed 8 per cent against the national average. According to the 2021-22 budget, 14 per cent of AP’s revenue will go to interest.

The total expenditure on free schemes announced by the AP government in the financial year 2022-23 is Rs 27,541 crore, which is equivalent to 2.1 per cent of GDP, the RBI said. AP is the second highest spending state after Punjab for free schemes. The AP explained that the government spends 14.1 per cent of total revenue and 30.3 per cent of own revenue on free schemes.