BJP official spokesman Lanka Dinakar has expressed concern over the loans taken by Andhra Pradesh government.Speaking to media at the state party office Dinakar said Andhra Pradesh government loans have crossed Rs 11 lakh crores and may increase to Rs.12 lakh crore.He questioned how the government will repay the loans.
Dinakar said the government may face problems in future for payment of interest on loans also.He said the CAG report exposed the income and expenditure of the state government.
He further said it will be very difficult to repay them for this present government and even the next governments as the current government is spending huge amounts for unproductive expenditure and it will harm the state in future.
Dinakar said the interest on loans will increase in the coming years and the next government may not pay the interest and they will become defaulters if the existing trend continues of taking loans every month and every year.
He said recently released CAG report said the state government had failed to utilise the Central government schemes by failing to release the matching grants.
Dinakar said the CAG mentioned the deficit budget and the unofficial loans taken by the government.
The BJP leader said the state government is facing difficulties to pay the salaries to the employees and expressed concern that financial condition of the state will deteriorate further if the loans taken by the government increased further.
