Andhra Pradesh CM Chandrababu Naidu presses enhanced financial aid for debt-ridden State to Union Finance Minister Nirmala Sitharaman
The Hindu
Ahead of the Union Budget presentation, Andhra Pradesh Chief Minister N Chandrababu Naidu on July 5 met Union Finance Minister Nirmala Sitharaman, pressing for enhanced financial support to the debt-burdened State.
Ahead of the Union Budget presentation, Andhra Pradesh Chief Minister N Chandrababu Naidu on July 5 met Union Finance Minister Nirmala Sitharaman, pressing for enhanced financial support to the debt-burdened State.
Sources said Mr. Naidu, during the meeting in North Block, highlighted various ongoing projects in Andhra Pradesh that require urgent central assistance.
"The CM presented a detailed memorandum outlining the state's financial requirements and the rationale behind the demand for increased allocation," the sources added.
TDP ministers in the Centre were present during the meeting.
Mr. Naidu also met Defence Minister Rajnath Singh and Health Minister J P Nadda.
According to the state government data, the public debt of Andhra Pradesh has increased from 31.02% of the Gross State Domestic Product (GSDP) in 2019-20 to 33.32% in 2023-24 fiscal, indicating deterioration in the fiscal health of the state in the last five years.
Key among Mr. Naidu's demands were funds for the Polavaram irrigation project, special assistance for backward regions, and support for the development of the new capital, Amaravati.
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