By Our Special Correspondent
Finance Minister Buggana Rajendranath slammed a section of the media for 'shameful' reporting of the chief minister's presentation on the state's economy in the state assembly on Friday. He made a point-to-point rebuttal by citing facts and figures from CAG and budget documents.
Quoting the CRISIL report analyzing the financial status of states, Buggana said that the state has not exceeded the limits imposed by the Center in the current financial year. Furthermore, AP is less dependent on market borrowing given its own tax revenue. However, a section of the media interpreted it in a negative light, he said.
However, TDP has handed over pending bills of Rs.40, 172 crore which is unprecedented in the history of the state. As on September 19, the pending bills were Rs.21, 673 crore. “During the change of guard, the bills are a maximum of Rs 10,000 crore.
However, those who were in favor of the previous regime distorted the facts and misled the people. “By the end of May 2019, the total debt was Rs. 2, 69, 46 crores was clearly stated by the CM, but it was reduced to Rs. 2, 57,504 crore as per March 2019 figures. Was it the default government TDP in April and May? He asked.
Buggana said that in April 2019, the TDP government took a loan of Rs. six thousand crores and Rs.5 thousand crores on the same day, which has never happened anywhere in the country. It was alleged that the purpose of taking such a large loan in April was to buy women's votes in the name of the Yellow Saffron Scheme.
“As of today, it is Rs. 74,871 crores, which means our government has spent Rs. 9,060 crore in non-guaranteed loans only. The facts speak for who borrowed how much,” he analyzed. On the growth of debt to GSDP ratio from 2014-15 to 2021-22, the state recorded 4.18%, which is low compared to other spectrum, he said Major states.
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