Former Finance Minister Yanamala Ramakrishnudu has slammed the Jaganmohan Reddy Government for ‘mismanaging and hurting’ Andhra Pradesh state economy and its financial situation as a whole with a spree of retrograde and self-defeatist policies. Even the so-called welfare sector about which CM Jaganmohan Reddy makes tall claims was reduced to a mere farce with majority deserving sections not getting these benefits. In the first year of his rule, Jagan Reddy has miserably failed in all sectors pushing the sunrise AP into debts.
Mr. Ramakrishhnudu deplored that the development has come to a standstill while the people were being misled with a false misinformation campaign on welfare. The double digit growth rate achieved during the TDP regime was reversed and it came down to 8.16 per cent in just one year as per the Government records alone. In actual figures, the growth was just half of these claims. With an ulterior motive, the socio-economic survey was filled with lies. Revenues have come down drastically while revenue expenditure has gone up. Capital expenditure was raised two-thirds thereby causing a steep gap in fiscal deficit.
Stating that capital expenditure fell by 35 per cent in 2019-`20, Mr. Ramakrishnudu said this showed how YCP has brought nil development in its first one year rule. It is due to the utter failure of the Government. Revenue collections came down by Rs. 67,826 cr, which is about 37.9 per cent. But revenue expenditure went up by 6.96 per cent which is Rs. 8,949 Cr. Total budget expenditure also came down by Rs. 10,798 cr which is about 6.6 per cent. Whereas, the TDP achieved 100 per cent budget spendings in its five year regime. Capital expenditure fell by Rs. 7,131 Cr which is big blow to the economy.
The Opposition Leader in Council said in last one year, YCP failures were responsible for revenue deficit going up by Rs. 12,748 cr, about 91 per cent. This was due to increased and thoughtless spendings on unproductive sectors. Fiscal deficit went up by 14 per cent which is Rs. 5,053 cr. Public debt repayments and interest payments increased by Rs. 5,501 cr, nearly 20.9 per cent.
Mr. Ramakrishnudu expresed concern over market borrowings of Rs. 25,243 cr brought in just one year which came to over 72.6 per cent. If YCP goes on borrowing Rs. 60,000 cr per year, the total State debt would go up from Rs. 3,02 lakh cr now to Rs. 6.5 lakh cr by 2023-`24. The interest burden alone would go up to Rs. 3.47 lakh cr, about 115 per cent, in YCP five years. So, even interest payments would come to Rs. 34,000 cr per year. In the next four years, Jagan Reddy rule will have to get Rs. 1.6 lakh cr loans only to pay interest on loans it would take. It is obvious that YCP pushed the State into Rs. 60,000 cr debt while it took 64 years for AP to get Rs. 3 lakh cr debt over prior to Jagan Reddy regime.
The TDP leader deplored that when compared to the GSDP, debts were increased from 27 per cent to 34.5 per cent. YCP indifference to development projects was evident from how it spent just Rs. 4,000 cr on irrigation projects in 2019-`20 while TDP spent Rs. 14,000 cr in 2018-`19. Agriculture was totally ignored with false claims. Industrialisation took a back seat even as an anti-investment climate was deliberately created.
Mr. Ramakrishnudu said half of sub-plan funds meant for weaker and backward sections were not spent while even those meagre funds spent under sub-plans were being shown as welfare spendings for the downtrodden sections. All 34 welfare programmes of TDP were cancelled. Financial mismanagement of YCP has eventually caused steep socio-economic decline in the State.
Says the guy that spent lakhs of public money for tooth ache and also someone who has a record for getting rejected by people the highest number of times in India
Mottukondi. Meru chesina konni tappulavalla ila jarugutundhi , amaravathi ni twaraga katti unte leda sagam pina kattesi unte. Chachhinattu amaravathi kadiledi kadu. Meremo adollu ( sorry) singaram ( makeup) chesukunnatuu chesaru . Adi meru chesina pedda tappu .
రత్తాలు, రత్తాలు, నవారతాలు ఎలా వస్తున్నాయి?
As Modi said not Sunrise, it’s sonrise state when you were ruling. Now only it’s becoming Sunrise
Now it is SUNSET. State. My friend. Now telangana is becoming sunrise state and AP CCM is helping his best for that state letting down AP . HA. HA ha .
That’s why Jagan got 4th place as best cm among all the other CMS being as 1st time CM.
For harassing ?
Andhukey 23 seats icharu 😂😂
Every body know. How he got 151 seats. Not fair elections. Mada, gadda , EC. Helped a lot .
Oh 2014 kuda valley help cheysara
Just appudu mada help party param gane undhi , PK just addition , kani 2019 lo gadda, mada power , alugadda minister Kulam ,PK vytirekatha anni chala factors valla gelichadu. Maga dite yee sari valla prameyam lekunda gelavamanu … nijalu matladali , telusukovali . Mada appudu PM kadu , gadda. CM kadu. ఇవి పచ్చి నిజాలు. పిల్లలకి కూడా తెలుసు. ఇంకా. EVM లు మార్చారని అభిప్రాయాలూ కూడా ఉన్నాయి. ,కానీ ఒన్స్ elected is elected unless it is proved wrong in the court of law .
Cbn charithralo eppudina single ga galichada, eppudo okaritho pothu pettukoni gelichadu, last time ycp and tdp+pawan+bjp vote difference is 0.5 to 1. Adhey modi, Pawan lekuntey 2014 key jenda peekeysevalu. 2014 kuda evms kada antey appudu kuda ilaney jarigunda
Yes elections lo yeppudu rendu party le undali . mudo balamina party unda kudadu unte rajakiyalu Tamil Nadu , Maharashtra la tayaravutayi. Ycp yemi single gaa gelavaledu idi jagamerina Satyam elections ki two years mundhunundi cheddi reddy PMO lo bathrooms kadigadu , kcr kallu pattukunnaru. PK ni bjp longadivvandi ani andariki telisina kanapade nirupinchaleni సత్యాలు . ఇక ఆర్గుమెంట్ చెయ్యకు YSJ. Time waste , nijalu oppuko chetanite . Lekunte maneyyi
Oh avuna adukeyna bolligadu ippudu 6 rajya Sabha members no BJP Loki pampindi. Telangana lo harkirsha dead body vunchukoni pothulu matladindi evaro, adi kudaraka virodamunna Congress tho pothu pettukoni akkada Congress in kuda m**da gudpinchadu. Vote ki note case lo adamga book ayi nenu Munna brother Mana valu breifed me voice samples tho dorikithey naa phone tap cheysthara Ani parigethukuntu AP ki vachiindevaro.
Ivanni. 43000 cr kante takkuvele. , kcr yemanna takkuva tinnada. Revanth dorikadu , dora dorakaledu anthe teda.
43,000 crs are alligations and every one knows abt the cases. 18 stays lekuntey ipatiki eppudu jintha that jintha tha. So you are agreeing that revanth made a crime along with babu
Ha ha ha. You are blind. See his propertys in 2004. And in 2009 . If you have eyes and mind . His father tried to sell his house in hyderabad for elections. Small kids know how he grown . Dont say babu has 2 acres and grown like this. .his father in law is a millioneer
I might be blind but my ears are working. I think you might be both blind and deaf and if his father in law is multi millionaire then why it didn’t happened to others like purendeswari, Harikrishna and other sons. Either they are not the family members of so called your multimillionaire father in law.
They do have properties but heritage made them too big than others , it yearned 500 times ( go and caliculte heritage value ) if interested . Purru share is quoting below par , other family could not do good business like buvaneswari .
Oh really then why did they sold this and apart from this in order to increase their brand he closed all the local dairies like chittor dairy and other dairies. Wait and See in next five years all the local dairies will re-open and see what will happen to heritage.
He is in dairies only. Just sold retail to kishore damani of future retail as there is lot of compitation ,some people ( trs, ycp ) gave false impression about heritage milk . But still it is no.1 in telangana. just see the details if you can .In AP there are lot of dairies when he was in ruling too , but he never harrased them like jaglaq . Mind it .he did his buisness . Fair.
Mind your words. Okka palu perugu amithey inni kotlu vasthey Mari desam lobentha Mandi ee business lo unnaru vallevariki raa ni di okka bolligadikey vachindantey every one knows. His entire life is a fraud and his working style is by managing everything. Everyone knows who harassed and that’s why people gave 23 seats. Within one year 69% of the people voted they like Jagan and will increase more in coming future.
Now is also a SONrise state! S/O YSR!
Yes Sri Late Legend YSR but he didn’t made Jagan as CM. It’s his own hardwork unlike some xxx getting minister without winning any election 😜😜