Key Points
Union Budget 2024: Ahead of the Union Budget presentation, Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday met Union Finance Minister Nirmala Sitharaman, pressing for enhanced financial support to the debt-burdened state..
Sources said 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...
According to the state government data, the public debt of Andhra Pradesh has increased from 31.02 per cent of the Gross State Domestic Product (GSDP) in 2019-20 to 33.32 per cent in 2023-24 fiscal, indicating deterioration in the fiscal health of the state in the last five years...
Naidu has been vocal about the state's financial distress and sought increased central support to tide over the fiscal challenges, when he met with Prime Minister Narendra Modi and several Union Ministers on Thursday...
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