Yes, AP Has Huge Debts: CM Jagan’s Advisor Sajjala

There have been many reports on Andhra Pradesh’s financial status and the state government is not even in a position to clear the salaries of employees. Last week in the Parliament, the government of India made a statement that AP government has exceeded its debt limit and the total tunes up to Rs 49,497 crore.

Ever since then the YCP government went silent but the media kept asking the government’s response on financial status. For the first time, AP government advisor Sajjala Ramakrishna Reddy has opened up and accepted the harsh facts.

“Yes it’s true that AP government is in deep debts and so there is a delay in paying the salaries for employees,” said Sajjala. Blaming the global pandemic for the debts, Sajjala added that Covid-19 has rattled the financial resources and system but the state government is working on to clear the salaries.

What’s shocking is, while accepting about the debts, the YCP government is getting ready to borrow more money from World Bank. For the salt project, AP government is estimating to take a loan of Rs 1870 crore from the World Bank and is bluntly accepting the terms & conditions laid by the bank.