It looks like Chandrababu Naidu has successfully lead Andhra Pradesh to Bankruptcy f the overdrafts (ODs) and market borrowings availed by the State government in the very first month of the financial year are any indications. In the name of the last-minute welfare schemes, the government has borrowed more than ₹8,000 crore during this month. 

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Andhra Pradesh has gone for overdrafts thrice in the first two weeks of the new fiscal - 92 Crore on April 1st and 3200 Crore in the next days. On April 4th, the government borrowed ₹5,000 crore from the open market. Now, the state government is struggling to clear the pending bills, pay salaries of employees, etc.

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The new government will have a real tough time immediately after taking the oath. What makes it worse both TDP and YSR Congress made tall promises which will affect the state finances further. On the other side, the Reserve Bank of India (RBI) and the Central government have raised an objection to the “frequent overdrafts and financial indiscipline” in the State. 


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