Telangana,AP officials meeting at Amaravati

Vijayawada May 31: Telangana and Andhra Pradesh State governments are set to resolve the long pending un-apportioned debts and liabilities issue between the two States at a high-level Inter-State Finance Officers meeting to be held at Amaravati on Wednesday.

Nearly Rs 7000 to Rs 8,000 crore debts need to be apportioned between the two States as per the AP Reorganisation Act. The pending debts include capital expenditure, GPF and reserve funds which would have to be shared between the two States.

The Reorganisation Act says that all liabilities on account of public debt and public account of the united Andhra Pradesh shall be apportioned on the basis of population ratio of the successor States unless a different mode of apportionment is provided under the provisions of this Act.

Top officials of the Telangana State government told The Hans India that an official delegation led by State Deputy Secretary (Finance) A Sai Prasad would hold the meeting with his AP counterparts and sort out the issue of sharing the debts piled up in the United Andhra Pradesh.