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AP’s debt Rs 9.74 lakh crore: CM Chandrababu counters Jagan’s claim

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AP’s debt Rs 9.74 lakh crore: CM Chandrababu counters Jagan’s claim

 Chief Minister Nara Chandrababu Naidu addressed the Andhra Pradesh Legislative Assembly on Thursday

 Chief Minister Nara Chandrababu Naidu addressed the Andhra Pradesh Legislative Assembly on Thursday, said that the State's total debt stands at a staggering Rs 9,74,556 crore during previous government.
 
He said that anyone who disputes this figure to come to the Assembly and he would explain the facts. The remarks came as a response to former Chief Minister Y S Jagan Mohan Reddy’s recent statement in a press conference that the AP’s debt was Rs 6.46 lakh crore.
 
Countering Jagan’s claims, Chief Minister Chandrababu in Assembly today said that the State total debt stands at Rs 9,74,556 crore and he broke down the debt into several categories: government debt of Rs 4,38,278 crore, public account liabilities of Rs 80,914 crore, corporation debt of Rs 2,48,677 crore, civil supplies corporation debt of Rs 36,000 crore, power sector liabilities of Rs 34,267 crore, outstanding dues to vendors totaling Rs 1,13,244 crore, outstanding dues to employees at Rs 21,980 crore, and non-contribution to the sinking fund amounting to Rs 1,191 crore.
 
He emphasized that the per capita debt now stands at Rs 1.44 lakh. He claimed that his government was transparent, and to prove it, they had released seven white papers detailing the State's financial situation. Naidu also drew comparisons between the growth in agriculture during his tenure, which had exceeded 16 percent, and the decline to just 10 percent under the current government. He pointed out that the State's revenue had decreased by Rs 6.94 lakh crore over the past five years, and that Andhra Pradesh's per capita income was Rs 1.14 lakh lower than that of Telangana.
 
Naidu further criticized the previous government for causing companies like Amararaja Batteries to leave Andhra Pradesh, opting instead to invest in Hyderabad due to a lack of trust in the state's governance. He also mentioned how government secretaries were forced to stand with their hands tied in the High Court in 25,000 cases, highlighting the inefficiency and the rising debt burden.
 
The Chief Minister also criticized the state's handling of central schemes, accusing the previous government of failing to complete basic infrastructure projects like rural roads. He also attacked the inefficiencies of the Jal Jeevan Mission, which, according to Naidu, was halted before it could be fully implemented, despite the fact that Uttar Pradesh had utilized Rs 1 lakh crore to provide drinking water through the scheme.
 
He pointed out the destruction of the educational system due to misguided reforms, including the push for English medium education, which he claimed had only caused confusion. Further criticizing the current administration, Naidu highlighted the halting of key projects like the construction of Amaravati, which he said had tarnished the state's image. He also called for the completion of the Polavaram project and emphasized the importance of connecting rivers. Naidu accused the government of creating employment obstacles, leading to a loss of opportunities, and revealed that the power sector had incurred a loss of Rs 1,29,000 crore.
 
He cited examples of inefficient energy purchases, including paying Rs 9,000 crore for electricity not even used, and buying power from the open market at inflated rates. The Chief Minister also alleged that the government had been involved in corrupt business practices, particularly in the sand industry, claiming that Rs 30,000 crore had been looted through sand mining.
 
He criticized the previous government's involvement in the alcohol industry, accusing them of controlling production, transport, and sales, with the proceeds seemingly funneled into the Tadepalli Palace in the evening. Naidu claimed that the government had also misused its power, stating that public resources such as farmers' bazaars, tahsildar offices, and health centers had been mortgaged. He concluded by stating that the state had incurred Rs 25,000 crore in debt by pledging the income generated from liquor sales. 
 
 
 
Tags Andhra Pradesh Nara Chandrababu Naidu Assembly
AP’s debt Rs 9.74 lakh crore: CM Chandrababu counters Jagan’s claim

AP’s debt Rs 9.74 lakh crore: CM Chandrababu counters Jagan’s claim

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