Jagan Reddy Accuses Chandrababu Naidu Govt Of Main Andhra Pradesh Into ‘Debt Entice’ | India Information

Jagan Reddy Accuses Chandrababu Naidu Govt Of Main Andhra Pradesh Into ‘Debt Entice’ | India Information

YSR Congress Get together (YSRCP) head and former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has hit out aggressively on the Telugu Desam Get together (TDP)-dominated state authorities, blaming it for placing the state right into a “debt lure” with extreme borrowing with none concrete growth and welfare initiatives.

In a tweet on social media platform X (ex-Twitter), Jagan accused the Chandrababu Naidu authorities of taking virtually 44% of the whole debt incurred by the YSRCP authorities in 5 years—inside a single yr of coming again to energy.

“@ncbn garu, you declare many years of expertise as CM and deep understanding of governance. However in a single yr, your authorities borrowed 44% of what we did in 5, with out delivering any growth or welfare,” Jagan wrote.

The comment comes at a time when there may be rising questioning of the monetary well being of Andhra Pradesh. Chief Minister Chandrababu Naidu not too long ago admitted that the state has a debt burden of ₹10 lakh crore, on which the curiosity outgo yearly might be ₹40,000 crore. Although Naidu accuses the sooner YSRCP authorities of operating state funds poorly, he has additionally vowed to introduce fiscal prudence and revive languishing infrastructure and welfare schemes.

Naidu has positioned the TDP as a celebration of “administrative self-discipline” and asserted that the current monetary pinch is because of “reckless expenditure and poor planning” in the course of the earlier authorities. The ruling celebration has criticized the YSRCP again and again for abandoning empty coffers and incomplete tasks.

Alternatively, the opposition has accused the TDP of unsustainable lending and never delivering by way of outcomes on the bottom. The political confrontation has intensified because the TDP authorities approaches its one-year milestone in workplace, with the monetary scenario sitting comfortably on the high of the record of points within the disagreement between the 2 factions.

As Andhra Pradesh struggles to take care of monetary points, the controversy surrounding debt is more likely to proceed to dominate political debate within the state.

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