Andhra Pradesh Chief Minister Chandrababu Naidu accused the YSRCP government of destroying the state’s economy and causing a loss of Rs 7 lakh crore during their rule.
The TDP leader said that income has gone down in the last five years and debts have gone up, with the state incurring debt of Rs 9.74 lakh crore, as he released a white paper in the Legislative Assembly on YCP’s financial irregularities.
“Without money we cannot do anything. Andhra Pradesh was growing faster than Telangana between 2014 and 2019 but there was destruction of the economy between 2019 and 2024. Farmers’ incomes declined and debts increased. When you create wealth, people’s income will increase,” said Naidu, addressing the House.
He further stated that the YSRCP government oversaw the looting of natural resources, anti-industrial policies, change of policy on capital city and destruction of the Polavaram project.
Naidu alleged that cost of power rose under YSRCP regime due to short-term power purchases, which levied an additional burden of Rs 12,250 crore while alleged illegal sand mining resulted in a loss of Rs 7,000 crore.
Charging that loot of mineral wealth led to a loss of Rs 9,750 crore revenue, Naidu said the cancellation of Amaravati city, Polavaram project and energy contracts had destroyed investor confidence and consequently damaged the state’s brand image.
Further, he said that the state’s debt rose from Rs 3.75 lakh crore on March 31, 2019 to Rs 9.74 lakh crore by June 12, 2024.
YS Jagan Reddy refutes allegations:
Ex-cm Jagan Reddy responded to the allegations and alleged that the government is oppressing voices that speak out against it and that the police are playing the role of spectators as the regime destruction continues.
Reddy noted that the TDP govt is trying to deceive the people of the state with white papers. YS Jagan held a power point presentation on the debts taken by Chandrababu’s government till June this year and refuted the allegations.
(With PTI inputs)
The TDP leader said that income has gone down in the last five years and debts have gone up, with the state incurring debt of Rs 9.74 lakh crore, as he released a white paper in the Legislative Assembly on YCP’s financial irregularities. Andhra Pradesh States News India: Top News India, States News, States News Headlines, Online State News India, State Politics news
