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Financial situation precarious – government may not be able to pay salaries

Sunday, January 31, 2016
Vijayawada

The State Government may not be able to pay salaries of its employees for this months. Speaking at a press conference on Sunday, the Chief Minister indicated that the financial situation was precarious. The Centre had not released funds to close the deficit gap and the government could not borrow anymore. The government had exceeded its limits set in the Fiscal Responsibility and Budget Management. Under these circumstances, the government may not be able to pay salaries’, he said.


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