AP Finance Minister responds about Revenue Deficit

March 05, 2021 20:03
AP Finance Minister responds about Revenue Deficit

AP Finance Minister responds about Revenue Deficit:- Andhra Pradesh Finance Minister Buggana Rajendranath Reddy is facing the heat due to the financial crisis in the state. Rajendranath Reddy met the press to explain about the revenue deficit in the state. He reminded that several countries across the globe are in huge financial stress because of the attack of the coronavirus. He said that the situation in Andhra Pradesh turned worse after the arrival of the pandemic. He slammed TDP government for leaving Andhra Pradesh in debt. "The previous government incurred non-priority expenditure and left the state in a huge crisis. The revenue came down drastically in the state and he said that the state government had to spend hundreds of crores for coronavirus.

"The Andhra Pradesh government never stopped the welfare schemes in the state though there is a drastic decline in the revenue of the state. The revenue in June 2019-20 is Rs 3540 and the revenue collection in June 2020-21 is Rs 5781 crores. We never suffered the people and the welfare schemes are running. The money is deposited into the people's accounts without any brokerage. GST was the second-largest tax revenue for the country last year. TDP is just criticizing about the revenue deficit and the debts of the state and they are not aware of the efficiency of the government" told Rajendranath Reddy.

(Video Source: Sakshi TV)

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