The Andhra Pradesh government on Tuesday, 23 May, welcomed the central government disbursing ₹10,461 crore pending bifurcation dues as compensation for the revenue deficit.
These funds were released as part of dues under the Andhra Pradesh Reorganisation Act, 2014. Mahendra Chandelia, Assistant Director, Ministry of Finance directed the release of the funds immediately under the “Special General Financial Assistance Category” as part of the revenue deficit for fiscal 2014-15.
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“This compensation has been given only due to Chief Minister Jagan’s persistence, determination, and credibility. These funds were not only the right of the state government but also the responsibility of the Central Government,” said Sajjala Ramakrishna Reddy, advisor (political), AP Government in a press note shared on Tuesday, 23 May.
The Centre usually releases funds in parts, but the quantum of this disbursal was a large one in one go, especially the largest ever since the bifurcation of united Andhra Pradesh. These funds are expected to come in handy for infrastructure development projects and welfare needs in education, housing, and healthcare.
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