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The Hindu
The Hindu
National
G.V.R. Subba Rao

Centre permits Andhra Pradesh to avail of additional borrowing of ₹9,574 crore

Andhra Pradesh GSDP

The Union government has permitted Andhra Pradesh to avail of an additional borrowing space of up to 0.5 per cent of the Gross State Domestic Product (GSDP).

With this, the State government can go for an additional borrowing of up to ₹9,574 crore. This additional financial window is dependent on the implementation of specific reforms in the power sector by the government.

Based on the recommendations of the Union Ministry of Power, the Union Ministry of Finance has granted permission for reforms undertaken in the 2021-22 and 2022-23 financial years to 12 State governments, including Andhra Pradesh.

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