AP Govt To Reduce Fiscal, Revenue Deficits

Hyderabad: Efforts by the Andhra Pradesh Government to decrease fiscal and revenue deficits have proved to be windfall, with the provisional Central estimates hinting at a sanction of Rs 2,000 crore as incentive. The revenue deficit had been brought down to Rs 54 crore (as against the projected Rs 990 crore) in the last financial year. In the first year (2004-05), the State got Rs 1,000 crore. The following year, they got Rs 1,300 crore. Latest indications show that we are likely to get Rs 2,000 crore. The backward regions continue to remain backward.