Hyderabad, Feb 25 (TruthDive): Andhra CM Chandrababu Naidu has expressed his displeasure on the Finance Commission decision. As media reported that Union government has rained financial sops to Andhra, Naidu said that the Finance Commission has only given the money to cover up the revenue deficit that the State faced after bifurcation and that too the money comes in a five year span.
Andhra has no revenue generation modules in the newly formed State. He said that Rs 22,000 crore has been given for five years as part of the deficit that it incurred after the bifurcation but there is no fund allotted to any development projects.
Naidu virtually debunked Modi’s theory that more share from taxes of the Centre pool would take care of development. He said that Andhra or for that matter any State can have any developmental projects without assistance from Union ministry.
Naidu who is camping in his constituency Kuppam let out his ire on the Finance Commission through video conferencing to the media. He was cut up as there was no mention of funds towards Andhra capital. Soon after this outburst, Union minister Venkaiah Naidu and face of BJP in the State said that the budget would clear many misgivings.
Yesterday, actor-politician Pawan Kalyan who supported BJP-TD in State polls had asked the saffron party to keep its promise to give special status to Andhra. As per figures released, Andhra gets Rs 1.69 lakh crore and it includes the payment towards deficit revenue of Rs 22,000 crore. The funds given over five years are towards municipalities and panchayat raj institutions.
Telangana on the other hand does not get any money under revenue deficit as Finance Commission figures show that it has Rs 818 crore surplus. It will get Rs 34,000 crore for the next five years as share from central taxes. United Andhra had received only Rs 1.14 lakh crore last year.