Andhra Pradesh on Brink of Financial Collapse: Finance Minister
1 month, 1 week ago

Andhra Pradesh on Brink of Financial Collapse: Finance Minister

Deccan Chronicle  

Kurnool: Finance minister Payyavula Keshav expressed grave concern about the state's financial condition, which he said is on the brink of collapse. He informed that the state’s debt has surged to Rs 10 lakh crore, forcing the government to take new loans merely to service the existing debt. He noted that the state’s income is barely sufficient to cover 99 per cent of employee salaries and pensions the state is now borrowing money to implement government schemes and fund development projects. Despite the current difficulties, Keshav defended borrowing, stating that loans taken would be invested in development and the subsequent income would be used for the welfare of the poor.

Collapse Finance  loans  minister  pradesh  ysrc  development  previous  andhra  states  financial  brink  income  keshav  stating  collapse  finance

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Andhra Pradesh Finance Minister reviewing state’s 'damaged' finance position
6 months, 3 weeks ago

Andhra Pradesh Finance Minister reviewing state’s 'damaged' finance position

Deccan Chronicle  

ANANTAPUR: Finance minister Payyavula Keshav said on Monday that he would review the state financial position, including the budget allocations and expenses in the last five years of the YSRC government. Keshav, who won the Uravakonda assembly seat for the fifth time --and the first time on a TD ticket -- and was elevated as finance minister, arrived to a …

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