Andhra Pradesh CM Dismisses Deficit as Myth, Highlights ₹1,100 Crore Annual Savings

On Tuesday, Andhra Pradesh Chief Minister N. Chandrababu Naidu dismissed the concept of deficit as a myth during the release of a White Paper on state finances at the Secretariat. Despite increasing primary deficits, he highlighted savings of ₹1,100 crore annually through loan interest rate renegotiations. He criticized conventional economic indicators like fiscal and primary deficits, arguing they are arbitrary figures used for accounting purposes rather than rigid limits. Naidu suggested focusing instead on income, expenditure, savings, and borrowing requirements for simpler economic management. Published August 4, 2026.