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Yanamala says AP has Rs 7K crore deficit

Andhra

A P Finance Minister Yanamala Ramakrishnudu today said the State has a deficit of Rs 7,000 crore in the third quarter of the current financial year.

Yanamala today held a review meeting on State’s financial position with the Finance department officials. He asked all the departments not to demand any additional budget since the State has deficit revenue. “We could not expect revenue due to changes in the policy of Excise and paddy procurement. (NSS)