Andhra Pradesh in Debt Trap... 'debt, debt and only debt...'?

Sindujaa D N
The Sarpanches are gossiping that the andhra pradesh state government has deposited the funds from the Center to the Panchayats under electricity arrears.

Contractors are not coming forward even though the government has called for tenders to repair the roads. They are demanding to be billed before the work is done so far.

Government employees are angry that the pay revision has not been implemented for two and a half years. They are demanding that the PRC be implemented immediately.

After all, government employees are not getting their salaries on the same date .. ten days a week.Leaders of the opposition parties are gurgling that the state is mired in debt. Financial experts are also concerned that the ap financial situation is deteriorating.

A senior official commented that thousands of crores of rupees were being borrowed and spent on cash transfer schemes when there was no money for salaries.
While all this is going on, the state government is scrambling for new loans as the debt limit has been exceeded. Is looking for innovative ways to maximize revenue.
From the establishment of a non-banking financial institution under the name of ap State Financial Corporation .. Some of these are amendments to the FRBM Act.

Why did andhra pradesh go into such dire straits? What is the actual state of the economy now? What do government revenue and expenditure figures say? How is the debt burden increasing? What's actually going on?
What do the State Budgets, Comptroller and Auditor General (CAG) Audit Reports and reserve bank of india Reports say?
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Jagan Mohan Reddy

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