- Advertisement -
The Andhra Pradesh government is in such a deep financial crisis that it is unable to clear pending bills.
In the annual Budget, the AP government had projected that at end of the financial year, the revenue deficit would be Rs 415.80 crore.
According to finance department officials, the figure has already reached Rs 1,400 crore.
Judging by the rate at which the revenue deficit is increasing, it is expected to touch an all-time high of Rs 10,000 crore at the end of 2017-18..
The income-expenditure sheet shows that the total expenditure was about Rs 64,000 crore.
Of this, the revenue expenditure was more than Rs 57,000 crore and the capital expenditure Rs 8,832 crore.
- Advertisement -