Debts are a hindrance to the development of Amaravati..!?

* It is reported that the debts of ap have crossed 10 lakhs.
* Propaganda of more debts in Jagan's regime.
* Debts are a hindrance to the development of Amaravati.

The state of andhra pradesh has been reeling under debt for the last ten years. After separation from the united andhra pradesh, the economic system of seemandhra Pradesh was severely damaged. Especially since the capital of hyderabad went to telangana, ap lost its capital. Even though hyderabad has been the joint capital of telangana and ap for 10 years, the capital of ap is still not built by the government there. In addition to that, Chandrababu and Jaganmohan Reddy's governments incurred huge debts. The government of chandrababu naidu who first won to make amaravati the capital has taken a decision. But after Jaganmohan reddy won the 2019 elections, he made a big plan for three capitals. As a result, real investments did not come to Amaravati.
 Jaganmohan Reddy's government implemented more welfare schemes than Chandrababu's government. In ap, which is in a deficit budget, the debt has increased due to the excessive implementation of welfare schemes. Jaganmohan Reddy's government has incurred debts of nearly ten lakh crore, Telugudesam says. But Jaganmohan reddy says that his government has made only 6 to 7 lakh crores less than Chandrababu.
 In any case, it seems that AP's debts are between 5 lakhs to 10 lakhs. No matter how much help the central government gives, the situation is currently tied up in the capital. There is a chance for about 50 years to become a capital like Hyderabad. The completion of amaravati is likely to be delayed further due to financial burden. Due to this companies will also lose employment opportunities.
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Sowmiya Sriram

14/09/2024 10:00 AM