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Andhra finances precarious: Naidu to Nirmala

The Morning Standard

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July 06, 2024

CM appeals to Finance Minister to rescue Andhra Pradesh as the state's debt has gone up to 33.32% of GSDP

- ENS & RAJESH KUMAR THAKUR

Andhra finances precarious: Naidu to Nirmala

CHIEF Minister N Chandrababu Naidu wrapped up his twoday visit to New Delhi on Friday. He held meetings with Union Finance Minister Nirmala Sitharaman, Defence Minister Rajnath Singh, BJP national president and Health Minister JP Nadda among others. He sought the Centre to bail Andhra Pradesh out of the precarious financial condition it is in owing to the inefficient governance of the previous YSRC government.

During his meeting with Sitharaman, Naidu appealed to the Finance Minister to rescue Andhra Pradesh as it is in a deep debt. Stating that the debt rate of the State reached to 33.32% of GSDP in financial year 2023-2024, he said the debts were 31.02% of GSDP in FY201920. The Finance Minister assured Naidu that possible financial aid will be extended to the State.

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यह कहानी The Morning Standard के July 06, 2024 संस्करण से ली गई है।

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