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In 10 months A.P people lost 1 Lakh crore


bharath_k

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A small analysis   From the CAG Audited report

As compared to  2018-19 march yr (90.8K crore)   in 2019-20 march yr(85.8K cr)  A.P lost 5K crore in tax collection.  

Normally , it should  be 15% more collection needed as compared to any previous yr.  ( 10% growth is  normal case ) 

But here  it reduced  6%  this is also after increasing duty on liquor, sand, cement  and land registrations e.t.c else  this will be 10 to 11% reduction. 

This 10% reduction happened in 10 months. 

Reduction of 10% and expected loss of growth 15% leads to 25% loss of  revenue to the state. 

25% loss which is 25K crore loss to GOVT leads to 1 lakh crore of wealth evaporated from Andhra people hands  in 10 months.  ( from June 2019 - march 2020 )  

So, over all there is a study decline of revenue/wealth ranging from 1.5 to 2.5% month is happening. 

 

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I just got the CAG audited report , from  CAG website.  

Normally state GOVTs provide little fake information about the borrowings to CAG ( As it effects the debt raising ability of state ) 

But they can not cheat the revenue.. so tax revenue indicators are ideal to analyse the states further  survival. 

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