Telangana and AP State governments are set to determine the long pending un-distributed obligations and liabilities issue between the two States at an abnormal state Inter-State Finance Officers meeting to be held at Amaravati on Wednesday.
About Rs 7000 to Rs 8,000 crore obligations should be allotted between the two States according to the AP Reorganization Act. The pending obligations incorporate capital use, GPF and save stores which would need to be shared between the two States.
The Reorganization Act says that all liabilities because of open obligation and open record of the unified Andhra Pradesh might be allocated on the premise of populace proportion of the successor States unless an alternate method of allotment is given under the arrangements of this Act.
Beat authorities of the Telangana State government disclosed to The Hans India that an official assignment driven by State Deputy Secretary (Finance) A Sai Prasad would hold meeting with his AP partners and deal with the issue of sharing the obligations heaped up in the assembled Andhra Pradesh.
It is the initially meeting being sorted out by the authorities of the two States this year. The bank advances taken by the then governments for the development of water system ventures, street improvement plans and other foundation improvement programs in Andhra Pradesh state would need to be separated and reimbursed by the individual State governments.