Jagan Reddy accuses CM Chandrababu Naidu of pushing Andhra Pradesh to ‘debt trap’
Taking to X (formerly Twitter), the YSR Congress Party (YSRCP) chief pointed out that the current government has borrowed an amount equal to 44 percent of the total debt incurred during the YSRCP’s five-year term.
New Delhi: Outdated Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy launched a scathing attack against Chief Minister Chandrababu Naidu, accusing his authorities of pushing the divulge into a “debt entice” by borrowing closely with “nothing to expose” when it comes to pattern or welfare.
Taking to X (formerly Twitter), the YSR Congress Party (YSRCP) chief identified that the most contemporary authorities has borrowed an quantity equal to 44 percent of the total debt incurred for the length of the YSRCP’s five-year term. He claimed this borrowing has now not translated into pattern or welfare outcomes.
“@ncbn garu, you tell decades of experience as CM and deep working out of governance. But in 365 days, your authorities borrowed 44% of what we did in five, with out handing over any pattern or welfare,” Jagan wrote.
. @ncbn garu, you tell that you comprise decades of experience as CM and your so-known as deep working out of governance, nonetheless what comprise these decades of experience delivered?
In exactly 365 days, your Executive availed a debt related to 44% of the total debt our Executive… pic.twitter.com/UD8lWn2SBE— YS Jagan Mohan Reddy (@ysjagan) June 2, 2025
Jagan cited figures from the Comptroller and Auditor Traditional (CAG) and the Ministry of Statistics and Programme Implementation (MoSPI) to back his claims:
Fiscal Deficit to GSDP rose from 4.08% to 5.12 percent
Earnings Deficit to GSDP increased from 2.65% to three.61 percent
Debt-to-GSDP climbed to 35.64 percent, no matter the absence of exterior shocks love the pandemic
Easiest 23.49% of borrowings were archaic for capital expenditure in 2024–25, in comparison with 33.25% below YSRCP
“No matter claims of administrative experience, these figures show conceal a worsening financial yell,” Jagan mentioned.
It is foremost to worth that Chief Minister Chandrababu Naidu had earlier acknowledged that the divulge is stressed with a debt of Rs10 lakh crore and is paying Rs 40,000 crore yearly in interest.
Naidu has additionally stated that the TDP is a case be aware in how to flee a authorities, contrasting it with the YSRCP, which he claims exemplifies sad governance.
What's Your Reaction?
