Andhra Pradesh State Finances: Initial Years of AP Reorganisation Act, 2014 1

Andhra Pradesh Reorganisation Act, 2014 (APRA, 2014) pushed Andhra Pradesh (AP) into murkiness in almost all aspects. The consequence of split of the state is multidimensional. Illogicalities in APRA, 2014, mainly relating to allotment of tax arrears; disappointing economic composition; with seven b...

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Bibliographic Details
Published in:Journal of Economic Policy and Research 2021-10, Vol.17 (1), p.14-34
Main Author: Sreedevi, N
Format: Article
Language:English
Subjects:
Capital expenditures
Deprivation
Districts
Economic development
Economic policy
Expenditures
Fiscal years
Growth rate
Public debt
Public finance
Reorganization
Social development
State budgets
Tax reform
Tax revenues
Taxation
Trends
Urban areas
Value added
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Summary:Andhra Pradesh Reorganisation Act, 2014 (APRA, 2014) pushed Andhra Pradesh (AP) into murkiness in almost all aspects. The consequence of split of the state is multidimensional. Illogicalities in APRA, 2014, mainly relating to allotment of tax arrears; disappointing economic composition; with seven backward districts (of the total I 3 districts), very few urban areas; and deprivation of eclectic and engrained Organizations of National reputation pressurizes the economic and social development and ultimately state exchequer. AP state, which had a revenue surplus situation tumbled into a dearth condition. Having reservations regarding assessment of Resource Gap for 2014-15 fiscal year further burdened the state budget. Incompatibility between high-speed growing expenditures and slow-uptake of own resources led to a dependency on central transfers. Hence, the AP state fails to reach the FRBM norms such as fiscal deficit / GSDP and debt / GSDP indicators set by Fourteenth Finance Commission.
ISSN:0975-8577