News > Andhra Pradesh on the verge of becoming bankrupt, says Yanamala Ramakrishnudu

Andhra Pradesh on the verge of becoming bankrupt, says Yanamala Ramakrishnudu

The borrowings of the Andhra Pradesh government have exceeded its revenue receipts, and this is leading to an extraordinary financial crisis, which may further lead to bankruptcy, says senior Telugu Desam Party leader and former Finance Minister Yanamala Ramakrishnudu. Mr. Ramakrishnudu demanded the government release a White Paper on the ₹85,000 crore “that has gone missing from the accounts.”