ఖర్చుల కోసం అప్పులు పెంచిన జగన్ || How Jagan raised debt to meet expenditure ||

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ఖర్చుల కోసం అప్పులు పెంచిన జగన్ || How Jagan raised debt to meet expenditure ||
Politicians dole out sops to woo Andhra voters despite rising debt in state
In the lead-up to the May 13 elections for a 175-member Assembly, Andhra Pradesh’s fiscal health is under scrutiny. The state that enjoyed a revenue surplus for at least five consecutive years until Telangana’s formation in 2014-15 has since struggled to balance its books.
The revenue deficit, or the excess of current expenditure over current receipts, hit 3.3 per cent of Andhra’s gross state domestic product (GSDP) in 2022-23. It was projected to shrink to 2.2 per cent in the Revised Estimate for 2023-24, marking the twilight of the YSR Congress Party’s (YSRCP’s) current rule. The Covid-19 pandemic exacerbated the deficit, pushing it to 3.6 per cent of GSDP in 2020-21.
https://www.business-standard.com/ele...