– Lanka Dinakar, AP BJP Political Feedback Pramukh
Andhra Pradesh is under severe pressure beyond the impact of the figures as announced by the RBI.
According to the monthly indicators submitted to the CAG February 2022 figures have been improperly adjusted in the month of March 2022 by the Government of Andhra Pradesh.
How the fiscal deficit (debt) of the State as of February 2022 has been reduced from 51,112 crores to 25,194 crores by March 2022, this is million dollars question by any expert.
The debt to GSDP ratio for the year 2021-22 announced by RBI had remained unadjusted at 32.8%, ours state would have reached the position of the Punjab. As per the explanation asked by the central government for necessary adjustments, if state Government’s corporation loans, Discom loans and employee retirement benefit funds are brought under the purview of FRBM, then the situation of our state in the country cannot be imagined.
While the GSDP ratio with Non-Productive Expenditure is 2.1 in the form of freebies appears as per the RBI report, But, after adjusting for actual revenue receipts that has shown in excess of Rs 20,000 crore from February 2022 to March 2022, this Ratio may reach Punjab’s standard ý almost 2.7 % .
Andhra Pradesh has the highest ratio of GSDP to State Government Guarantees with 9% in the country and this deficiency because the guarantees cannot be adjusted.
The primary deficit to GSDPof the state appears 1.4 and revenue deficit reduced to 1.6 is due to the sudden increase in revenue collection as a part of Window dressing adjustments of Rs 20,000 crore. Otherwise, AP situation more problematic than that of Punjab and Bihar.
After the CAG audit between February 2022 and March 2022, it is sure to be exposed the illegitimate accounting practices adopted by the State Government of Andhra Pradesh. As far as RBI is concerned, it is only doing its analysis based on the figures presented by the state government as they have nothing to do with statistical window dressing.
