The State government is exploring ways to raise financial resources to fulfil its commitments like crop loan waiver in the run-up to the Assembly elections, the schedule for which is likely to be issued early next month.
Chief Minister K.Chandrasekhar Rao, during a meeting with senior officials and Ministers on August 2, had directed them to complete loan waiver in all respects by September second week. The government is expected to incur an expenditure of ₹21,556.64 crore under the crop loan waiver scheme 2018, Agriculture Minister S. Niranjan Reddy said during the Budget session of the assembly.
The revenue receipts were not up to expectations in the first four months of the current financial year at ₹46,845 crore, just 21.63% of the budget estimates and this includes borrowings and other liabilities of ₹20,649 crore. It is in this background, the government has been struggling to raise the required resources.
