Chandrababu Naidu has created a “new, unbreakable” record in loans, explains Jagan Mohan Reddy

The state share in national GDP in 2019-24 was 4.80% against 4.47% in 2014-2019, said YSRCP president YS Jagan Mohan Reddy. | Photo credit: Ani

The president of the YSR Congress Party (YSRCP), Ys Jagan Mohan Reddy, said that chief minister N. Chandrababu Naidu deliberately paints a dark image of the finances of the state in order to wrongly blame the YSRCP for this, and Cite the alleged collapse of the economy in 2019 for -24 as an excuse for its inability to put the promises made at the time of the elections.

Seeking Thursday to hand over the record during a press conference at his camp office, Mr. Jagan Mohan Reddy insisted that Mr. Naidu, who repeatedly blamed the YSRCP for the huge debt, had actually Established a new, unbreakable record to borrow 80,827 sterling books in the FRMA framework and another 52,000 ₹ already increased, or was being mobilized in the name of Amaravati. With some other loans, the total loans in the last nine months rose to an astonishing crore of 1.45 Lakh, he said.

Naidu failed to implement a majority of the 143 insurance given to the electorate with a lot of media threw, he said.

Mr. Jagan Mohan Reddy said that the average capital expenditure (ACE) incurred by his government in 2019-24 was around 15,633 crosses despite the hard blow by the coronavirus pandemic. The AS of the TDP government in 2014-2019 was 13,860 crore.

The most important indicator of the “laudable performance” of the YSRCP government on the financial front was 4.80% of the state in national GDP. The state share during the TDP rule between 2014-2019 was less than 4.47%, he said.

Mr. Jagan Mohan Reddy said that Mr. Naidu had distorted or hidden many facts of this type, and that something that was obviously kept under the Wraps was “high level corruption”, which had already caused the realization among The people they were better when the YSRCP was in power.

Municipal elections

He alleged that the TDP manipulated in a blatant way the elections which came from the posts of deputy mayor, presidents and vice-presidents, stressing that the YSRCP had an overwhelming majority in all these local urban bodies (ULB) and that corporateurs / Advisers would not be entering the TDP with a simple drop of hat.

Reacting to the resignation of V. Vijaya Sai Reddy and certain other party deputies, Mr. Jagan Mohan Reddy said that politicians should have character, and those who left the party should remember that the YSRCP should not Existence had the blessings of the Almighty and the People.

In addition, he declared that Mr. Naidu could not even sign a single memorandum of understanding during the recent World Economic Forum, but he would make great claims, and added that it was a question of shame to have 21 MPs, Andhra Pradesh could not secure her share due to budgetary allowances, while the Bihar, with only 11 deputies, raised the greatest advantage.

Assembly session

When asked if the YSRCP would participate in the sessions of the Assembly, he said that the speaker was supposed to submit his response to the High Court and that the deputies were ready to face the disqualification if the situation came to such a pass.