Andhra Pradesh heading for financial emergency, says Purandeswari

“Over the past three years, the YSRCP government has accumulated a debt of ₹3 lakh crore”

“Over the past three years, the YSRCP government has accumulated a debt of ₹3 lakh crore”

Bharatiya Janata Party (BJP) National General Secretary D. Purandeswari has said that Andhra Pradesh is heading for a financial emergency.

“Instead of coming up with revenue generation plans, the YSRCP government is mortgaging assets to mobilize loans,” Ms Purandeswari said while speaking to the media here on Sunday.

Ms Purandeswari, who was in the city to participate in the “Mann Ki Baat” scheme, alleged that the state government was trying to raise loans by projecting income from the sale of alcohol.

“mortgaged assets”

“The state government has set up a separate corporation not for the welfare of the people or to promote development, but to provide loans. A number of assets in Visakhapatnam are also mortgaged,” the BJP chief said.

Finance Minister Nirmala Sitharaman had written a letter to the relevant principal secretary, asking for an explanation of the source of the loans and how they were going to be cleared.

Over the past three years, the state government had accumulated a debt of ₹3 crore lakh, Ms Purandeswari said. The CAG report also showed that the revenue shortfall had breached the barrier.

Ridiculating the state government’s claims attributing the financial stress to the COVID-19 situation, she said the Union government had provided all financial assistance to the state during the pandemic. “There are still many COVID-19 fighters who have not received their salaries,” she said.

“The state’s financial situation is so much worse that employees haven’t received their salaries on time. Pensioners are also no exception,” Ms. Purandeswari observed.

She further ridiculed the government for renaming the central programs and presenting them as its own and for neglecting the state of the roads.

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