Head of TDP Yanamala – The New Indian Express

Through Express news service

VIJAYAWADA: Demanding that the state government publish a white paper on the state’s financial situation, top TDP leader and former finance minister Yanamala Ramakrishnudu blamed the YSRC regime’s “anti-PA policies” for the deterioration from the financial position to the point of non-payment of wages to employees on time. Alleging that Jagan’s thoughtless and uncivilized governance was destroying the state as a whole with no sign of hope for the future, Yanamala, in a statement, said the government went bankrupt because it could not mobilize resources. to pay wages now.

Even the directors of private hospitals have stopped admitting patients under Aarogyasri simply because their payments had not been authorized by the government, he alleged. “Although revenue increased from the previous year, the government took out more loans, pushing the state into a debt trap. The Prime Minister’s inexperience and ineffectiveness are to blame. AP stood in the first place by taking Rs 79,191.58 crore in February in fiscal year 2020-21. This is the largest amount of loans contracted by a state in the country, ”argued the leader of the TDP.

Excise duty income doubled to Rs 10,125.19 crore in February 2021, from Rs 5,821.62 crore in February 2020. Land income income also increased from Rs 19.72 crore. Rs in February 2020 to Rs 123.58 crore in February, 2021. The central grant increased from Rs 16,758.40 crore in February 2020 to Rs 26,458.60 crore in 2021. The AP government secured 29,109 crore , Rs 30 crore. In addition, huge funds have come to the state towards aid and donations from Covid. But still, the YSRC government has taken out loans of Rs 73,812 crore in just three months this year, ”he said. “In just two years, the YSRC imposed a debt burden of 2.50 lakh crore on the state. Each person now carries a debt of Rs 70,000 on his head, ”he alleged.

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