Rs 6,700 cr pending bills cleared

Chief Minister N Chandrababu Naidu has approved the release of Rs 6,700 crore in pending bills for various sectors, providing much-needed relief to students, employees, farmers, contractors, and other stakeholders ahead of Sankranti, Finance Minister Payyavula Keshav announced on Saturday. The announcement followed a detailed review of the State’s finances and pending dues, conducted by the Chief Minister in Undavalli.
During the review meeting, which focused on the State’s financial health and the release of long-pending payments, several crucial decisions were made. Minister Keshav explained that the release of these funds would provide immediate financial relief to many, particularly those in Amaravati who have been awaiting compensation for land acquisition.
Keshav pointed out that the previous government’s financial mismanagement had left the state in a precarious economic situation. However, CM Naidu is making concerted efforts to rectify the situation and steer the state towards progress, the Minister added.
The State is currently under pressure with more than Rs 10 lakh crore in pending dues, accruing daily interest, in addition to other liabilities amounting to Rs 1.30 lakh crore. Keshav mentioned that the previous government’s failure to meet its share of 94 central government schemes under the 60:40 funding model had hindered the implementation of these schemes. Nonetheless, Rs 6,000 crore had been paid to the Centre, enabling the revival of 73 central government-sponsored schemes.
Minister Keshav concluded by expressing optimism about the state’s financial recovery and extended his best wishes to the people of Andhra Pradesh for a prosperous Sankranti.