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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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Published in: | Journal of Economic Policy and Research 2021-10, Vol.17 (1), p.14-34 |
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description | 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. |
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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.</description><subject>Capital expenditures</subject><subject>Deprivation</subject><subject>Districts</subject><subject>Economic development</subject><subject>Economic policy</subject><subject>Expenditures</subject><subject>Fiscal years</subject><subject>Growth rate</subject><subject>Public debt</subject><subject>Public finance</subject><subject>Reorganization</subject><subject>Social development</subject><subject>State budgets</subject><subject>Tax reform</subject><subject>Tax revenues</subject><subject>Taxation</subject><subject>Trends</subject><subject>Urban areas</subject><subject>Value 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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 |
title | Andhra Pradesh State Finances: Initial Years of AP Reorganisation Act, 2014 1 |
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