Jagan to seek Rs 74,169 crore from Centre

Chief Minister Y S Jaganmohan Reddy had prepared a representation to be submitted to Prime Minister Narendra Modi at Tirupathi this morning. As the Prime Minister is scheduled to visit the temple town on the day to worship the presiding deity Lord Venkateswara, the chief minister had already reached the town with the memorandum. He would meet the Prime Minister and submit the representation after the Prime Minister completes the worship and returns to the guest house.

Jaganmohan Reddy had prepared the note highlighting the dues for the State from the Centre, particularly in the backdrop of the bifurcation. The revenue deficit of Rs 18,969 crore was due to the State from the Centre for 2014-15 year. In addition to this, there is ways and means expenses coming to Rs 6,870 crore, which was also not paid by the Central government to the State, he said.

There is an amount of Rs 3,820 crore under the tax revenue to the State if the section 50 and 51 from the AP Reorganisation Act 2014.

The Central government had also promised special financial package to the seven backward districts, which amounts to Rs 23,300 crore at Rs 350 crore each district each year. The State coffers are empty for various reasons, including the excess spending by the previous government, which had gone for over draft (OD) in all five years. Jaganmohan Reddy is cutting the expenditure to minimise the borrowings. He is also taking up works only on priority basis and had ordered cancellation of several non-priority works. This had almost given some relief to the officials of the finance department who are burdened with the responsibility of releasing payments.

Since the relationship between the Prime Minister and the Chief Minister is good, it is to be seen what help that Narendra Modi would give to the State for its sustainability.

Ram Tatavarthi
About Ram Tatavarthi 413 Articles
Ram has been continuing in the journalism for the past 25 years. He started his career from Samacharam and worked for various print and electronic media houses like Eenadu, Andhra Bhoomi, the evening daily Sandhya, in cable, Andhra Prabha, Citi Cable, TV 9, CCC channel etc.. By having extensive experience in journalism and also by always keeping up to date with the latest technology he is now working as a freelance journalist.

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