PoliticsMamatha Reddy.editor@indiaherald.comhttps://indiaherald-nkywabj.stackpathdns.com/ImageStore/images/politics/74/jagan-govt-new-decision-on-corona-second-wave-70d246d9-c332-4d10-9bcb-8a85ee391883-415x250-IndiaHerald.jpghttps://indiaherald-nkywabj.stackpathdns.com/ImageStore/images/politics/74/jagan-govt-new-decision-on-corona-second-wave-70d246d9-c332-4d10-9bcb-8a85ee391883-415x250-IndiaHerald.jpgThe state of Andhra Pradesh is getting caught in a spiral of debt day by day. Schemes beyond their feet are taking the Jagan government into debt. In addition to government schemes, the decline in state revenue due to the lockdown imposed in the wake of the Corona virus has made it difficult YS Jagan{#}April;November;Lockdown;Reddy;CM;Government;Jagan;Andhra Pradesh;Coronavirus;CBNYS Jagan @ 730:AP is in debt pile during Jagan’s ruleYS Jagan @ 730:AP is in debt pile during Jagan’s ruleYS Jagan{#}April;November;Lockdown;Reddy;CM;Government;Jagan;Andhra Pradesh;Coronavirus;CBNInvalid DateThe state of andhra pradesh is getting caught in a spiral of debt day by day. Schemes beyond their feet are taking the jagan government into debt. In addition to government schemes, the decline in state revenue due to the lockdown imposed in the wake of the Corona virus has made it difficult for the government. jagan Mohan reddy is committed to the promise given despite all the difficulties and is implementing welfare schemes relentlessly. However, the state has a situation where it has to borrow heavily due to lack of revenue. As a result, 45 of every 100 rupees spent by AP are borrowed as loans, which means no exaggeration. On the occasion of Jagan's completion of two years of rule, the government has a special story on debt governance. After the separation of AP-Telangana states, AP became economically ruined.


From the time chandra babu took over as cm in 2014 to stepping down in 2019, he was in debt. Jaganmohan reddy, who later took over as cm, has been forced to borrow more than that. During the elections, Jaganmohan reddy focused more on implementing the assurances given to the people. In this process, it has become a burden on the current situation of ap as the schemes were implemented at the desired time. As part of this, jagan Sarkar has borrowed nearly 1,14,212 crores in two years of rule. During the division of the state in 2014, AP's liabilities were 97,000 crores. On the other hand, the government's liabilities of Rs.73.811 crore staked before november 2020 from april 2020 are about Rs.9226.375 crore per month. The point is that the debts incurred by the jagan government in two years are higher compared to chandra babu's debts in five years.




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Source: India Herald - Mamatha Reddy.]]>