AP CM YS Jaganmohan Reddy has decided to sell off valuable lands belonging to state government in Andhra Pradesh to mobilise funds for the implementation of Navaratnalu schemes and development programmes.
The AP’s financial condition has turned worse as Jagan is indulging in blatant distribtuion of tax payers money in the name of Navaratnalu. While no steps are being taken to improve the income of state government, the expenditure of the government has increased manifold due to ‘votee-fetching’ Navaratnalu schemes.
The government is struggling even to pay salaries and pensions for employees.
All the development programmes came to a halt with no funds.
There is no scope even to secure loans also as the government’s debt burden has already nearly Rs 3 lakh crore. The revenue deficit has been increasing due to meaningless spending in the name of Navaratnalu.
To overcome financial crisis, Jagan has now decided to put up valubale government lands in the state for sale.
Various departments own huge parcels of land in AP.
Roads and Buildings department alone owns lands worth Rs 5,000 crore.
In the first phase, Jagan wants to mobilise Rs 10,000 crore by selling government lands.
But the big concern is what assets the government will have for future needs of AP if Jagan sells off government lands now with an aim to win elections by distributing money in the name of Navaratnalu.
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