Jagan govt blames it on Naidu, Covid for high debt

[Anta Assamey]

The Y S Jagan Mohan Reddy government in Andhra Pradesh on Wednesday sought to blame it on the misrule of the previous Telugu Desam Party government between 2014 and 2019 and the Coronavirus pandemic for the high borrowings of the state.

A clarification to this effect was given by special secretary to the chief minster on finance and economic affairs Krishna Duvvuri at a press conference in Vijayawada.

The clarification comes a day after the Centre disclosing in Lok Sabha that Andhra Pradesh tops all the states in the country in going in for heavy borrowings.

Duvvuri said the liabilities of the state were not exclusively due to the present government, but due to the misgovernance and expenditure profligacy of the the previous TDP government. At the time of bifurcation, the debt of combined State assigned to Government of successor State of Andhra Pradesh was Rs Rs 1.20 lakh crore, including the public account share and it had gone up to Rs 2.68 lakh crore in the next five years.

“Besides, the outstanding payables as on March 31, 2019 were to the tune of Rs. 39,000 crores and off-budget borrowings were to the tune of Rs 58,000 crores. The debt in the books of the power sector corporations went up from Rs 33,587 crore to Rs 70,254 crore during the TDP regime,” he said.

The official pointed out that the borrowings by the TDP government went up by 17.33 per cent, as against 9.78 per cent of the Central government.

“Had this borrowing supported productive expenditure, various sectors in the State would have been substantially improved. But all the sectors fared very badly during the TDP regime,” he alleged.

In the last two years, the Jagan government had to go in for heavy borrowings due to unprecedented crisis on account of Coronavirus pandemic. The growth of union tax revenues in 2019-20 was the lowest in the last two decades. As a result, it was essential for the government to step up the public expenditure to save lives, for which it had to indulge in heavy borrowing.

During 2019-20, while Andhra Pradesh was expected to receive Rs. 34,833 crores as its share in Central taxes, it actually received only Rs. 28,242 crores, besides a fall in its own revenues. During 2020- 21, the State lost Rs 7,780 crores on account of State’s share in Central taxes, Rs 7,000 crores on account of own revenues and in addition to this, the State had to incur Covid related expenditure to the tune of Rs. 8,000 crores. 

“Despite the huge fiscal disability, the present government believed that the only way to protect the people from utter distress is through direct benefit transfer schemes. It also ensured that there are no hiccups in implementation of programmes such Nadu – Nedu Health and Education, which are top priority projects creating benefits of enduring nature for the future of the State,” the official added.

[migilindhi151]

Eediki Mathi madda rendu lev

[gothamprince]

56 minutes ago, Anta Assamey said:

The Y S Jagan Mohan Reddy government in Andhra Pradesh on Wednesday sought to blame it on the misrule of the previous Telugu Desam Party government between 2014 and 2019 and the Coronavirus pandemic for the high borrowings of the state.

A clarification to this effect was given by special secretary to the chief minster on finance and economic affairs Krishna Duvvuri at a press conference in Vijayawada.

The clarification comes a day after the Centre disclosing in Lok Sabha that Andhra Pradesh tops all the states in the country in going in for heavy borrowings.

Duvvuri said the liabilities of the state were not exclusively due to the present government, but due to the misgovernance and expenditure profligacy of the the previous TDP government. At the time of bifurcation, the debt of combined State assigned to Government of successor State of Andhra Pradesh was Rs Rs 1.20 lakh crore, including the public account share and it had gone up to Rs 2.68 lakh crore in the next five years.

“Besides, the outstanding payables as on March 31, 2019 were to the tune of Rs. 39,000 crores and off-budget borrowings were to the tune of Rs 58,000 crores. The debt in the books of the power sector corporations went up from Rs 33,587 crore to Rs 70,254 crore during the TDP regime,” he said.

The official pointed out that the borrowings by the TDP government went up by 17.33 per cent, as against 9.78 per cent of the Central government.

“Had this borrowing supported productive expenditure, various sectors in the State would have been substantially improved. But all the sectors fared very badly during the TDP regime,” he alleged.

In the last two years, the Jagan government had to go in for heavy borrowings due to unprecedented crisis on account of Coronavirus pandemic. The growth of union tax revenues in 2019-20 was the lowest in the last two decades. As a result, it was essential for the government to step up the public expenditure to save lives, for which it had to indulge in heavy borrowing.

During 2019-20, while Andhra Pradesh was expected to receive Rs. 34,833 crores as its share in Central taxes, it actually received only Rs. 28,242 crores, besides a fall in its own revenues. During 2020- 21, the State lost Rs 7,780 crores on account of State’s share in Central taxes, Rs 7,000 crores on account of own revenues and in addition to this, the State had to incur Covid related expenditure to the tune of Rs. 8,000 crores. 

“Despite the huge fiscal disability, the present government believed that the only way to protect the people from utter distress is through direct benefit transfer schemes. It also ensured that there are no hiccups in implementation of programmes such Nadu – Nedu Health and Education, which are top priority projects creating benefits of enduring nature for the future of the State,” the official added.

Prathi okkariki mamule kada previous government mida blame cheyadam

This government is far far worse than previous government although previous one is also bad

What productive expenditure this government is spending needs to be answered 

Most illiterate government in the history who thought the solution is through direct benefit transfer scheme, don't know what production it makes lol

Intha burra takkuva jaffas 

[gothamprince]

Jagan gadni indira Gandhi lage kalchi dobbali lekapote no one can save AP 

[futureofandhra]

1 minute ago, gothamprince said:

Prathi okkariki mamule kada previous government mida blame cheyadam

This government is far far worse than previous government although previous one is also bad

What productive expenditure this government is spending needs to be answered 

Most illiterate government in the history who thought the solution is through direct benefit transfer scheme, don't know what production it makes lol

Intha burra takkuva jaffas 

@Jambhalheart ki heart lo pain vastadhi ilaanti questions vesthey

[futureofandhra]

Just now, gothamprince said:

Jagan gadni indira Gandhi lage kalchi dobbali lekapote no one can save AP 

no need to do such thing

defeat him in election

[gothamprince]

1 minute ago, futureofandhra said:

no need to do such thing

defeat him in election

Correcte ba inka 2 years opika pattalantava elopala veedu chese appulaki suffer ayyedi maname kada

[nallaberry]

1 minute ago, gothamprince said:

Correcte ba inka 2 years opika pattalantava elopala veedu chese appulaki suffer ayyedi maname kada

Mundhu aa appulu istunna vallani kalchi mingali

[nallaberry]

4 minutes ago, futureofandhra said:

no need to do such thing

defeat him in election

Innesi degrees unna mana db jaffas ke siggu seram ledhu ..state emaina parledu ...maa kulfodu ye undali anukntunnaru ....malla anna be gelustadu choodu ...AP ppl are the worst voters in India

[futureofandhra]

3 minutes ago, nallaberry said:

Innesi degrees unna mana db jaffas ke siggu seram ledhu ..state emaina parledu ...maa kulfodu ye undali anukntunnaru ....malla anna be gelustadu choodu ...AP ppl are the worst voters in India

@Vaampire

[futureofandhra]

4 minutes ago, nallaberry said:

Innesi degrees unna mana db jaffas ke siggu seram ledhu ..state emaina parledu ...maa kulfodu ye undali anukntunnaru ....malla anna be gelustadu choodu ...AP ppl are the worst voters in India

some voters may want schemes kaani educated ayi vundi logic less ga matlaadi frustration lo boothulu tittey batch ni emanalo teliyataam ledhu

i mean they can hate cbn to the core but jaggad ni vadi policies lo support chesey batch ki dannaam pettali

okko okadu engineering n working  

[futureofandhra]

12 minutes ago, gothamprince said:

Correcte ba inka 2 years opika pattalantava elopala veedu chese appulaki suffer ayyedi maname kada

in reality no other way to stop him its election defeat or nature 

AP  public kaarma vadu vesey taxes katti vadi ni mepali AP public

maalli devudi palana antaru neutral musugu tg batch

 

 

[TOM_BHAYYA]

Second term lo sagam ayyaka kuda dora andhrolla kutra ante lenidhi .. arey paapam inka 2 years ke ma jagananna anadam lo thappenti

[futureofandhra]

2 minutes ago, TOM_BHAYYA said:

Second term lo sagam ayyaka kuda dora andhrolla kutra ante lenidhi .. arey paapam inka 2 years ke ma jagananna anadam lo thappenti

aandaru anatam veru 

devudu anatam veru anna

[AndhraneedSCS]

20 minutes ago, gothamprince said:

Correcte ba inka 2 years opika pattalantava elopala veedu chese appulaki suffer ayyedi maname kada

He is doing everything to save his position for future terms. He is distribiting money to everyone who goes and vote and taxing people who don't go and vote. 

 

It's a nice strategy in a way. People who dont vote should not complain.