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Increase the share of taxes to southern states, urges Naidu
Hindustan Times Bengaluru
|April 17, 2025
STATE'S REVENUE DEFICIT EXPECTED TO INCREASE FROM ₹1,28,146 CRORE IN 2024-25 TO ₹1,43,640 CRORE IN 2030-31 AND ₹77,249 CRORE IS NEEDED FOR THE CAPITAL CITY
HYDERBAD: The Andhra Pradesh government on Wednesday urged the Centre to extend special financial assistance to the state to overcome post-bifurcation challenges, such as revenue loss due to the shifting of Hyderabad to Telangana, and also restore the state's financial position after alleged financial mismanagement in the previous YSR Congress party regime between 2019 and 2024.
Naidu made a presentation of the state's financial position before the members of the 16th finance commission headed by its chairman Arvind Panagariya at Amaravati, and later submitted a representation to them.
"Rebuilding the state is crucial not only for its future but also for the nation's progress. If you help us stand today, we will play a key role in India's success tomorrow," the chief minister said.
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