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A rocky road ahead in Andhra Pradesh for Chandrababu Naidu

Chandrababu Naidu has to deal with a huge financial crisis while also building Amaravati

Andhra Pradesh is in the ‘red’ with a huge financial deficit. A number of projects are pending due to lack of funds. There have been no substantial investments in the State in the last few years. Unemployment is high. In this backdrop, Mr. Naidu has promised ‘super six’ guarantees.

Mr. Reddy spent about ₹4.25 lakh crore on Direct Benefit Transfer (DBT) and non-DBT schemes during his regime. The State’s public debt amounts to about ₹4.83 lakh crore. According to the Reserve Bank website, the Andhra government offered to sell securities worth ₹2,000 crore on June 11 through auction. As per one estimate, Mr. Naidu has to generate close to ₹1.21 lakh crore to fund his welfare schemes per annum.

On July 1, Mr. Naidu has to disburse about ₹4,500 crore to 65 lakh pensioners across the State. He has increased the monthly pension from ₹3,000 to ₹4,000 in general as part of his ‘super six’ guarantees. Salaries amount to an additional ₹6,000 crore. In the first month alone, he has to spend about ₹10,000 crore. This apart, he has to reimburse the Andhra Pradesh State Road Transport Corporation an amount of about ₹2,000 crore per annum for making bus rides free for women.

Meanwhile, he has to complete the promised greenfield capital at Amaravati. In 2014, after becoming the first Chief Minister of residual Andhra Pradesh, Mr. Naidu had pooled about 33,000 acres of land from the farmers of Amravati to build the new capital. He had spent about ₹10,500 crore between 2014 and 2019, but the capital went into limbo when Mr. Reddy came to power and floated the idea of three capitals instead. Mr. Naidu’s initial budget of ₹21,000 crore in 2015 has now shot up to more than ₹40,000 crore. It is unclear where he will get these funds.

The path ahead is filled with hurdles, but the people hope that the veteran leader, who has fought many battles in the past, will overcome these too.

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9 minutes ago, futureofandhra said:

andhukey public chose cbn

crisis manager cbn 

Enni crises manage chesadu enti ? 2004 lo farmers and daily workers chasthaunte agriculture waste ani chethulu ethesadu

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6 minutes ago, psycontr said:

Enni crises manage chesadu enti ? 2004 lo farmers and daily workers chasthaunte agriculture waste ani chethulu ethesadu

we r in 2024 

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47 minutes ago, futureofandhra said:

we r in 2024 

So ? Tell me one instance ? 2014-15 lo paripoyi vachadu

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39 minutes ago, psycontr said:

So ? Tell me one instance ? 2014-15 lo paripoyi vachadu

Ravali Jagan. Kavali Jagan. Panchali Jagan. Mekkali Jagan. Champali Jagan

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1 hour ago, psycontr said:

Enni crises manage chesadu enti ? 2004 lo farmers and daily workers chasthaunte agriculture waste ani chethulu ethesadu

Avva thathala apyayathalu akka chellella premanuragalu crisis ni face chestuna mee anna ni adugu cheptadu 

  • Haha 1
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55 minutes ago, psycontr said:

So ? Tell me one instance ? 2014-15 lo paripoyi vachadu

He created Amaravati and it is now the permanent capital of AP. Chusav ga vizag capital ani cheppi velthe emaindo...Every constituency around hypothetical exec capital gave charminar or higher majorities....not to mention the clean sweep of Guntur and Krishna districts.

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