AP Govt official blames TDP rule, bifurcation blues for financial mess

Andhra Pradesh Government has rubbished claims on financial condition of the State and said with respect to the finances and borrowings, through a misinformation campaign, attempts are being made to create widespread concern amongst the RBI, Central Government, banks & financial institutions, Parliament and Public.

"This is essentially to tarnish the image of the State and thereby cripple the State financially to reap political gains. I wish to bring to your attention some facts in this regard," Krishna Devvuri, Special Secretary, Finance and Economic Affairs told reporters at Vijayawada.

He said "to begin with, an important question we all face at this point, are liabilities of the State resulting exclusively from the actions of the present government? Absolutely not!.The erstwhile State of Andhra Pradesh was bifurcated in 2014 and this has resulted in the economic deprivation of the State of Andhra Pradesh. During 2015-16, the first full financial year of the State bifurcation, the per capita State's own revenues of Telangana were Rs. 15,454, as against a corresponding figure of Rs. 8,979 for AP. This figure singlehandedly conveys the distress of the AP. Further, all the commitments made to the State on the occasion of the bifurcation has not yet been fulfilled."